Free Shares definition
Free Shares means, as of any date of determination, and without duplication, a number of Merger Shares or Spin-Off Shares, as applicable, equal to (i) the total number of Merger Shares or Spin-Off Shares, as applicable, then issued and outstanding as determined by the applicable Issuer’s most recent filings with the SEC minus (ii) the total number of Merger Shares or Spin-Off Shares, as applicable, “beneficially owned” within the meaning of Rules 13d-3 or 16a-1(a)(2) of the Exchange Act by Controlling Shareholders as determined by the applicable Issuer’s or such Controlling Shareholder’s most recent filings with the SEC, to the extent such information is reported in such filings. For purposes of clause (ii), with respect to a Long Position of a Controlling Shareholder, the total number of Merger Shares or Spin-Off Shares, as applicable, underlying such Long Position shall be used.
Free Shares means, in respect of any Portfolio, each Share of such Portfolio other than any Commission Share.
Free Shares means Shares awarded under Part A of the Plan which are subject to the Plan;
Examples of Free Shares in a sentence
The Company shall use reasonable best efforts to execute and deliver, or cause to be executed and delivered, all such documents and instruments and shall take, or cause to be taken, all such further actions necessary or desirable so that the Founders’ Warrants, the Free Shares and the BSA Warrants are exercised, canceled, redeemed or otherwise settled in full no later than the Closing.
The Company shall take all actions reasonably necessary to ensure that any Free Shares that remain outstanding as of the Closing may, following the Closing, be exchanged for the number of Iris Ordinary Shares that the Free Shares would have received if they had participated in the Share Exchange.
More Definitions of Free Shares
Free Shares means Shares awarded to Participants without payment, as described in Rule 4.
Free Shares. - means the shares issued by the Company that may be acquired by the Parties of third parties, whether in private transactions or carried out on the stock exchange or over-the-counter market.
Free Shares means as at the date hereof, the 495,396 free shares, definitively acquired or to be acquired by their relevant holders subject to tax and legal lock-up, as described and allocated among their holders in Schedule 3.2.
Free Shares means Restricted Shares as to which the restrictions against disposition and the obligation of resale to the Company have lapsed in accordance with the provisions set forth in paragraphs (d)(ii), (iii) or (iv) of this Section.
Free Shares means all the outstanding free shares (actions gratuites) granted by the Company to the current or former employees, directors or other officers of the Group Companies as set forth in Annex 2;
Free Shares. Shares awarded under Part A of the Plan which are subject to the Plan.
Free Shares means an award of Shares in the form of a Conditional Award or Forfeitable Shares made pursuant to rule 3 (Free Shares);