Examples of Founding Shareholder in a sentence
Any person who was an Affiliate of a Founding Shareholder on the date of the transfer and then ceases to be an Affiliate of a Founding Shareholder shall also be deemed to be a Non-Affiliate Transferee upon losing such affiliation and any Class B shares owned by he/she/it will be automatically converted into Class A shares on the date it ceases to be an Affiliate of a Founding Shareholder.
This registration may be made by the director, without the signature of the seller and the purchaser being required.Upon a transfer of Class B shares to any person who is not a Founding Shareholder or an Affiliate of a Founding Shareholder (“Non-Affiliate Transferee”), such Class B shares will be automatically converted into Class A shares.
Each Founding Shareholder keep 1 orginal English and 1 original in Vietnamese.
In case where a Founding Shareholder fails to make payment for his/her subscribed Shares, the unpaid Shares shall be: paid up by the other Founding Shareholders in proportion to their shareholding; paid up by the other Founding Shareholders; and paid up by other persons who are not Founding Shareholders.
One of the company’s strength is its cost structure, they don’t get any financial support and is independent, wealthy and healthy.