Examples of Founder Share in a sentence
All rights, ownership and economic benefits of and relating to the Founder Shares (subject to the Founder Share Cancelation), the Conversion Shares (upon issuance thereof) and the Sponsor Warrants (subject to the Sponsor Warrant Cancelation) shall be and remain vested in and belong to Sponsor or, if applicable, its permitted transferees and any subsequent permitted transferees.
On the Closing Date and prior to the conversion of the Founder Shares into shares of Parent Class A Common Stock, MPAC and Sponsor shall take such action as shall be necessary to cause the Founder Shares subject to the Founder Share Cancelation to be canceled and to no longer be outstanding, and MPAC shall cause the same to be reflected in the share registry maintained by MPAC or its transfer agent, as applicable.
Notwithstanding anything to the contrary contained in this Agreement, no Registration shall be effected or permitted and no Registration Statement shall become effective, with respect to any Registrable Securities held by any Holder, until after the expiration of the Private Placement Lock-Up Period, and no sale of any Registrable Securities held by any Holder shall be permitted in violation of the applicable Founder Share Lock-Up Period or Private Placement Lock-Up Period.
Xxxx Xxxxxxxxxx Xxxxxxx Xxxxxxx Schedule 4.3A FOUNDER SHARE REPURCHASE AGREEMENT This Founder Share Repurchase Agreement (the “Agreement”) is made as of , by and between, an israeli company (the “Company”), and.
On June 7, 2019, Xxxxxxxxx effected a stock dividend at one-third of one Founder Share for each outstanding Founder Share, resulting in an aggregate of 11,500,000 Founder Shares outstanding.