Examples of Founder Stockholders in a sentence
The Founder Stockholders shall have duly executed and delivered the Stock Pledge Agreement in form and substance reasonably satisfactory to the Purchaser.
In connection with such repayment of indebtedness, all associated guaranties of Founder Stockholders shall be terminated and cancelled.
Xxxxxx Title: Chief Executive Officer [Signature Page to Founder Stockholders Agreement] STOCKHOLDERS /s/ Xxxx X.
The nominee holder shall distribute only such amount as can be distributed without distributing to any Founder Stockholder a fraction of one cent, and any balance not so distributable shall be held by the nominee holder (without liability for interest thereon) and shall be added to and become part of the next sum received by the nominee holder for distribution to the Founder Stockholders.
Each of the parties hereto acknowledges that it will be impossible to measure in money the damage to the Company or the Founder Stockholders if any party hereto fails to comply with the provisions of Article I, II or III and each party hereto agrees that in the event of any such failure, neither the Company nor any Founder Stockholder will have an adequate remedy at law.