Founder Stock definition

Founder Stock means all shares of Class B Common Stock that are issued and outstanding as of the date hereof and all shares of Class A Common Stock issued upon conversion thereof.

Founder Stock has the meaning set forth in the third recital of this Agreement.

Founder Stock means Common Stock of the Company presently held by the Founders or that may be acquired in the future.

Examples of Founder Stock in a sentence

• The shares of Founder Stock issuable in the IPO and pursuant to this Agreement shall have been approved for listing on the New York Stock Exchange, subject to official notice of issuance.

• The sale by Founder of shares of Founder Stock in the IPO (a) shall have closed prior to or substantially contemporaneously with the consummation of the transaction contemplated herein and (b) shall have generated sufficient net proceeds to pay the cash consideration to the stockholders of Combining Partner Companies as described in the Registration Statement.

• The equity interest of Employee Members is defined as the original purchase price paid by the Employee Member for one (1) share of Stock acquired as a condition for membership; the equity interest of the Founder Member is defined as the original value of the Class A Founder Stock, as set out in the Schedule 1 (“Terminated Patron Membership Redemption Price”).

• In addition to Founder Stock, the Founder Member shall be eligible to receive non-voting Preferred Stock on terms as provided in a purchase and sale agreement between the Founder Member and the Cooperative.

• In the event of termination of the Executive’s employment on account of his death or by the Company on account of the Executive’s Disability the Common Stock of the Company purchased by Executive pursuant to that certain Founder Stock Purchase Agreement of even date herewith (the “Purchased Stock”) shall become fully vested and nonforfeitable.

More Definitions of Founder Stock

Founder Stock means the 3,417,000 shares of Voting Common Stock presently issued to the Founders and, if and to the extent vested, any of the 16,000,000 shares of Nonvoting Common Stock presently issued to the Founders, and any additional shares of Voting Common Stock or Nonvoting Common Stock issued to the Founders as a result of stock splits, stock dividends, or other recapitalizations.

Founder Stock means shares of the Company’s Common Stock now owned or subsequently acquired by the Founders by gift, purchase, dividend, option exercise or any other means whether or not such securities are only registered in a Founder’s name or beneficially or legally owned by such Founder, including any interest of a spouse in any of the Founder Stock, whether that interest is asserted pursuant to marital property laws or otherwise. The number of shares of Founder Stock owned and the number of shares of Founder Stock subject to outstanding options held by the Founders as of the date hereof are set forth on Exhibit B, which Exhibit may be amended from time to time by the Company to reflect changes in the number of shares owned by the Founders, but the failure to so amend shall have no effect on such Founder Stock being subject to this Agreement.

Founder Stock means shares of the Company’s Founder Stock, $0.0001 par value per share.

Founder Stock means common stock of the Company ("Common Stock") now owned or subsequently acquired by the Founders by gift, purchase, dividend, option exercise or any other means whether or not such securities are only registered in a Founder's name or beneficially or legally owned by such Founder, including any interest of a spouse in any of the Founder Stock, whether that interest is asserted pursuant to marital property laws or otherwise. The number of shares of Founder Stock owned by the Founders as of the date hereof are set forth on EXHIBIT B, which Exhibit may be amended from time to time by the Company to reflect changes in the number of shares owned by the Founders, but the failure to so amend shall have no effect on such Founder Stock being subject to this Agreement.

Founder Stock means the Common Stock held by the Founder Investors and the Rudoxxx Xxxily 1997 Trust dated 10/10/97.

Founder Stock means shares of the Company's Common Stock now owned or subsequently acquired by the Founders. (c) "Preferred Stock" shall mean the Company's outstanding Series A Preferred Stock and Series B Preferred Stock. (d) "Investor Stock" shall mean shares of the Company's Common Stock and Preferred Stock now owned or subsequently acquired by the Series A Investors and the Series B Investors. (e) "Preferred Stockholder" shall mean the holders of the Company's Preferred Stock.

Founder Stock means (i) an aggregate of 2,716,000 shares of Common Stock held beneficially and of record by Xxxxxx X. Xxxxx on the date of this Agreement, including any shares transferred to (A) Xx. Xxxxxxx X. Davis, upon exercise of an Option Agreement, dated December 22, 1998, between Xxxxx and Xxxxx with respect to 96,500 of such shares, (B) Peer X. Xxxxxx upon exercise of an Option Agreement, dated January 31, 1997, between Xxxxx and Xxxxxx with respect to 83,000 of such shares, (C) Xx. Xxxxx Xxxxxx upon exercise of an Option Agreement, dated January 31, 1997, between Xxxxx and Colpan with respect to 83,000 of such shares, (D) Xx. Xxxxxxx Xxxxxx upon exercise of Option Agreements, dated January 31, 1997 and December 22, 1998, between Xxxxx and Xxxxxx with respect to 143,500 of such shares, (ii) 13,500 shares of Common Stock held beneficially and of record by Xxxxxx Xxxxxxxxx on the date of this Agreement, (iii) 4,500 shares of Common Stock held beneficially and of record by Friedrich Bornikoel on the date of this Agreement; (iv) 4,500 shares of Common Stock held beneficially and of record by Xxxx XxXxxxx on the date of this Agreement; (v) 4,500 shares of Common Stock held beneficially and of record by Xxxxx Xxxxxx on the date of this Agreement; and (vi) 3,000 shares of Common Stock held beneficially and of record by Xxxx Xxxxxxxx on the date of this Agreement.