Inactive Shareholder definition

Inactive Shareholder has the meaning set forth in Section 11.6. “Included Books and Records” has the meaning set forth in Section 2.1(g). “Included Contracts” has the meaning set forth in Section 2.1(b). “Included Lease” has the meaning set forth in Section 2.1(d). “Included Personal Data” has the meaning set forth in Section 2.1(i). “Indemnifying Party” means the party from whom indemnification is sought pursuant to Article 9.
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Inactive Shareholder means a Shareholder who is deemed to be an Inactive Shareholder pursuant to Section 8.1(a)
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Inactive Shareholder means a Shareholder after any of the following events occur with respect to such Shareholder:
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Examples of Inactive Shareholder in a sentence

  • The purchase price (the “Purchase Price”) for the Purchased Shares of the Inactive Shareholder (the “Vendor”) shall be the product obtained by multiplying the number of Purchased Shares and the Fair Market Value of the Shares determined in accordance with the provisions of Article 16.

  • If a Shareholder becomes an Inactive Shareholder before the Time of Closing of a Sale Transaction pursuant to the provisions of Article 13 as a result of the death of the Shareholder, the provisions of Article 14 shall apply and the provisions of this Article (except for this section) shall be suspended until completion of the Sale Transaction contemplated by Article 14.

  • Following a Triggering Event pursuant to this Article 14, an Inactive Shareholder shall only be entitled to transfer his Shares in accordance with this Article and the provisions of any other buy-sell provisions of this Agreement shall be suspended and inoperative with respect to such Inactive Shareholder.

  • If a Shareholder becomes an Inactive Shareholder pursuant to this Article 14.1, the Inactive Shareholder or his Representative shall have the right, upon notice to the Corporation (the “Compulsory Purchase Notice”) within thirty days following the expiry of the Exercise Period (the “Compulsory Purchase Period”), to require the Corporation or the Inactive Shareholder, either personally or through a holding company, to purchase the Purchased Shares.

  • Inactive Shareholder Statistics for Alternative 2 under Action 1 52Table 4-4.

  • Inactive Shareholder Statistics for Alternative 3 (Preferred) under Action 1 53Table 4-5.

  • Each Inactive Shareholder must give notice to the Corporation promptly following the occurrence of an Inactive Event.

  • If the Shares of the Inactive Shareholder are also subject to repurchase rights under the ESOP, the Corporation shall be entitled to elect whether to apply the provisions of this Agreement or the ESOP in respect of all the Shares held by the Inactive Shareholder.

  • Fair market value shall be determined by negotiation, and failing a negotiated price by a third party arbitrator selected and paid [equally] by the Corporation and by the Inactive Shareholder selling the Shares.

Related to Inactive Shareholder

  • Company Shareholder means any holder of any Company Shares.

  • Major Shareholder means a shareholder who directly or indirectly holds 10% or more of the voting rights.

  • Existing Shareholder means any Person that is a holder of Ordinary Shares as of December 8, 2017.

  • Eligible Shareholder means an existing or new investor of the Company that is eligible at the ACD’s discretion to invest in the Class X Shares upon entering into an agreement with the ACD and fulfilling the eligibility conditions set by the ACD from time to time.

  • Major Stockholder means any such Person.

  • substantial shareholder means a person who is entitled to exercise, or to control the exercise of, 10% or more (or such other percentage as may be prescribed by the Listing Rules) of the voting power at any general meeting of the Company;

  • Founder means, in respect of an issuer, a person who,

  • Shareholder means a person who owns shares in the company and is actively involved in the management of the enterprise or business and exercises control over the enterprise.

  • Controlling Shareholder means any shareholder owning more than fifty

  • Transferring Shareholder has the meaning set forth in Section 5.2(a).

  • Significant Stockholder means Allied Irish Banks, p.l.c., a limited liability company incorporated under the laws of Ireland having its registered office at Bankcentre, Ballsbridge, Dublin 4, Ireland, and any successor thereto.

  • Class B Stockholder means (i) the registered holder of a share of Class B Common Stock at the Effective Time and (ii) the initial registered holder of any shares of Class B Common Stock that are originally issued by the Corporation after the Effective Time.

  • Eligible Stockholder means a person who has either (1) been a record holder of the shares of common stock of the Corporation used to satisfy the eligibility requirements in Section 3.2(d) continuously for the required three-year period or (2) provides to the Secretary of the Corporation, within the time period referred to in Section 3.2(e), evidence of continuous Ownership of such shares for such three-year period from one or more securities intermediaries.

  • ² Shareholder means a person who owns shares in the company and is actively involved in the management of the company or business and exercises control over the company.

  • Record shareholder means the person in whose name shares are registered in the records of a corporation or the beneficial owner of shares to the extent of the rights granted by a nominee certificate on file with a corporation.

  • 10% Shareholder means a person who owns, directly or indirectly, stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary of the Company. Indirect ownership of stock shall be determined in accordance with Code Section 424(d).

  • Company Stockholder means the holder of either a share of Company Common Stock or a share of Company Preferred Stock.

  • Significant Shareholder means a person or company that has beneficial ownership of, or control or direction over, whether direct or indirect, or a combination of beneficial ownership of, and control or direction over, whether direct or indirect, securities of an issuer carrying more than 10 per cent of the voting rights attached to all the issuer’s outstanding voting securities, excluding, for the purpose of the calculation of the percentage held, any securities held by the person or company as underwriter in the course of a distribution;

  • Principal Stockholder means, collectively, (i) the Sponsor and (ii) any affiliate or successor of a person referenced in clauses (i) and (ii) of this definition.

  • Common Stockholder means the employee of, consultant to, or director of the Company or other person to whom shares of Common Stock are issued pursuant to this Plan.

  • Interested Shareholder means any person (other than the Corporation or any Subsidiary) who or which:

  • Stockholder has the meaning set forth in the preamble.

  • 10% Stockholder means the owner of stock (as determined under Code Section 424(d)) possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Corporation (or any Parent or Subsidiary).

  • Substantial Stockholder means any Participant who at the time of grant owns directly or is deemed to own by reason of the attribution rules set forth in Section 424(d) of the Code, Shares possessing more than 10% of the total combined voting power of all classes of stock of HSI.

  • Ordinary Shareholder means a holder of ordinary shares;

  • Preferred Shareholder means any holder of Preferred Shares.