Examples of Founding Stockholder in a sentence
Pentacon agrees that the number of directors of Pentacon shall not exceed nine members immediately following the IPO unless the Founding Stockholder representatives to serve on such board agree in writing to a larger number of directors.
The increase in Q1-03 manufacturing capacity utilisation also signals likely fresh investment in the coming months, although the weak external demand is likely to limit the pace of expansion.
Notwithstanding anything in this Restated Certificate of Incorporation to the contrary, the provisions of this Article VII shall expire as to any Founding Stockholder on the date that both (i) such Founding Stockholder ceases to own beneficially Common Stock representing at least 5% of the number of outstanding shares of Common Stock of the Corporation and (ii) no person who is a director or officer of the Corporation is also a director or officer of such Founding Stockholder.
In addition, the fact that a Founding Stockholder shall engage in a particular business activity shall not, of itself, provide a basis for determining that there has been a violation of Section 3 of this Article.
Notwithstanding the foregoing, no Private Warrants shall be redeemable at the option of the Company so long as they are held by the Founding Stockholder or its Permitted Transferees; provided that the fact that one or more Private Warrants are non-redeemable because of the reason described above shall not affect the Company’s right to redeem the Public Warrants and all Private Warrants that are not held by the Founding Stockholder or its Permitted Transferees.