Founder Preferred Shares definition

Founder Preferred Shares means the founder preferred shares of Holdings and any successor instrument thereto.

Founder Preferred Shares means the convertible preferred shares in the capital of the Company;

Founder Preferred Shares means the Company’s preferred shares Class A.

Examples of Founder Preferred Shares in a sentence

• Founder Preferred Shares, Ordinary Shares, and Warrants are classified as equity.

• Any party hereto may (or the Requisite Holders, the holders of a majority of the then-outstanding Founder Preferred Shares and the holders of a majority of the then-outstanding Common Shares on behalf of any Shareholder may), only by an instrument in writing that expressly states that it is waiving compliance with this Agreement, waive compliance by any other party or parties hereto with any term or provision hereof on the part of such other party or parties hereto to be performed or complied with.

• Prior to consummation of a Qualified IPO, the approval of the holders of a majority of the outstanding Founder Preferred Shares shall be required for any alteration of the terms of the Founder Preferred Shares.

• Until shares of Class A Common Stock are actually delivered to the Member upon a Redemption or Direct Exchange pursuant to Article XI of the Operating Agreement, the Member shall not have any rights as a shareholder in respect of shares of Class A Common Stock; provided that the Member shall have all rights as a shareholder in respect of shares of Class B Common Stock and Series B Founder Preferred Shares.

• In subsequent years, the Founder Preferred Shares Annual Dividend Amount will be calculated based upon the volume weighted average price for the last ten trading days of the year and the appreciated average share price compared to the highest price previously used in calculating the Founder Preferred Shares Annual Dividend Amount.

• The fair value of the Founder Preferred Shares over and above their purchase price was determined as US$55,402,429 at the grant date.

• The Founder Preferred Shares (and attached warrants) and director options represent equity- settled share-based arrangements under which the Company receives services as a consideration for the additional rights attached to these equity shares, over and above their nominal price.

• The fair value of the Founder Preferred Shares and the options is determined using a valuation model.

• Any such Person (other than a Person who is an Existing Shareholder prior to such issuance) to whom such Equity Securities are issued shall be deemed a Minority Shareholder hereunder, and shall have the same rights and obligations provided for the Minority Shareholders herein, unless otherwise agreed to by the Requisite Holders, the holders of a majority of the then outstanding Founder Preferred Shares and the holders of a majority of the then outstanding Common Shares.

• The fair value of the Founder Preferred Shares (and attached warrants), the options and the hurdle shares is determined using a valuation model.

More Definitions of Founder Preferred Shares

Founder Preferred Shares means the Series A Founder Preferred Shares and/or the Series B Founder Preferred Shares.

Founder Preferred Shares means the Class A Preferred Shares held by the Founders.

Founder Preferred Shares means the founder preferred shares of no par value each in the capital of the Company (which for these purposes, for the avoidance of doubt, shall include the Company in such form as it exists following any continuation, change of jurisdiction, merger, consolidation or similar action under the laws of the British Virgin Islands or any relevant foreign jurisdiction); and (ii) any capital shares into which such founder preferred shares shall have been changed (including, for the avoidance of doubt, in connection with or

Founder Preferred Shares means (i) prior to the Domestication, the founder preferred shares of no par value each in the capital of the Company; and (ii) following the Domestication, any capital shares into which such founder preferred shares shall have been changed, exchanged, or converted or any share capital resulting from the Domestication or otherwise under applicable law from time to time;