Founding Shareholders definition

Founding Shareholders means DIC and any of its transferees, including transferees which are Israeli Shareholders, provided that each such transferee: (i) is approved by the Minister of Communications in writing to be a substitute for a Founding Shareholder for the purpose of the Cellular License (which substitution shall be effective as of the date determined by the Minister of Communications), (ii) undertakes to the Company to hold its respective minimum number of Ordinary Shares pursuant to such approval, and (iii) enters into one or more agreements with the other Founding Shareholders for the purpose of ensuring the compliance by the Company with section 22A of the Cellular License.

Founding Shareholders. Agreement" means the agreement among Ian Engelberg, Garth Gullekson, James McGee, Branislav Selic and ObjecTime Limited dated the 1st day of January, 1995 to regulate the rights and obligations of the parties thereto;

Founding Shareholders means Persons who are signatories to the --------------------- Shareholders Agreement on the Effective Date or their Affiliates and their respective permitted successors.

Examples of Founding Shareholders in a sentence

• The Founding Shareholders agree that any bonuses, dividends or any other income or benefits (regardless of its specific form) obtained from Party B as the shareholders of Party B shall be immediately paid or transferred to Party A without any conditions when realized.

• In this case, the Founding Shareholders will elect other persons designated by Party A to hold such positions.

• The Founding Shareholders agree that any bonus, dividend or any other benefit or interest receivable by it as shareholder of Party B will be unconditionally and automatically paid or transferred to Party A.

• The offering price of the issuance shall not be lower than the market price of the offered Shares at the time of issuance or the latest par value of the Shares, except in the following cases: where Shares are offered for the first time to those who are not Founding Shareholders; where Shares are offered to all Shareholders in proportion to their respective shareholding; and where Shares are offered to brokers and/or underwriters.

• 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.

More Definitions of Founding Shareholders

Founding Shareholders means those Persons identified with an --------------------- asterisk on the Schedule of Existing Shareholders attached to the Shareholders --------------------------------- Agreement and their Permitted Transferees (as defined in the Shareholders Agreement).

Founding Shareholders means --------------------- individually, or collectively, Xxxxxxx X. Xxxxxx, Xx., Xxxxx X. Xxxxxx, The Xxxxxx Family 1991 Trust, and Xxxxx X. Xxxxxxx.

Founding Shareholders means Xxxxx X. Xxxxx, Xx. and Xxxxx X. Xxxxx.

Founding Shareholders means the Founder, Ou Xxx Xxx and Xxxxxxxx Xxx, and a “Founding Shareholder” shall mean any of them.

Founding Shareholders shall have the meaning assigned to such term in the Shareholders Agreement. “Founding Shareholder Approval” shall have the meaning assigned to such term in the Shareholders Agreement.

Founding Shareholders. Those persons holding Shares prior to the Offering.

Founding Shareholders collectively means [*****], [*****] and [*****].