Initial Founder definition

Initial Founder has the meaning set forth in the second recital of this Agreement.
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Initial Founder means each of the following: Xxxxxxx Xxxxxx, Xxxxxx X. Xxxxxxx, Xxxxxxx X. Xxxxxxxxx, Xxxx X. Xxxxxxxx, Xxxxxx Xxxxxx, Xxxxxxxxx X. Xxxxxxxx, Xxxxxxx X. Xxxxxx and Xxxx X. Xxxx.
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Examples of Initial Founder in a sentence

  • Founder has conducted no operations since its inception on November 18, 2011 other than negotiating and entering into combination agreements with Combining Partner Companies and the Initial Founder Merger Agreement.

  • Each agreement governing a Combination and the Initial Founder Merger Agreement is incorporated into the Plan on the execution of such agreement.

  • Xxxxxxx Xx., in his capacity as Trustee, is hereinafter referred to as a "Initial Founder Trust Trustee" and collectively they are referred to in such capacity as the "Initial Founder Trust Trustees").

  • CMU may, at its election, obtain from each Initial Founder a signed release for the benefit of Apollo and CL of substantially the same scope as the release set forth in Section 6.2, and send a copy of each such release to Apollo.

  • Each of the Founders (other than the Initial Founder) hereby irrevocably assigns to the Initial Founder, all Over-Allotment Adjustment Units which it has the right to receive pursuant to such dividend.

  • Each of the Founders agrees to take any and all action reasonably requested by the Company or the Initial Founder necessary to effect such assignment; provided that neither the Founders nor the Company shall make or receive any cash payment in respect of any such assignment.

  • Unless otherwise agreed to by the Initial Founder, each of the Founders agrees to take any and all action reasonably requested by the Company or the Initial Founder necessary to effect such assignment; PROVIDED that neither the Founders nor the Company shall make or receive any cash payment in respect of any such assignment.

  • Xxxxxx, (B) an Initial Founder (as defined in the Stockholders Agreement), or (C) Employee is not the Chief Executive Officer of the Company reporting directly to the Board, provided, however, that Employee remains employed by the Company for the six (6) months following the occurrence of the condition and notifies the Company in writing (pursuant to Section 24 ("Notices")) within thirty (30) days after the expiration of the six-month period of his decision to terminate his employment.

  • If the IPO Closing has not occurred by the date that is seven (7) Business Days after the date on which Purchaser remitted the Initial Purchase Price to the Company’s transfer agent, then, unless Purchaser otherwise agrees in writing, the Company will promptly cause its transfer agent to return the Initial Warrant Purchase Price to Purchaser and the Sponsor will return the Initial Founder Share Purchase Price to Purchaser.

  • Each of the Founders agrees to take any and all action reasonably requested by the Company or the Initial Founder necessary to effect any adjustment pursuant to this Section 2; provided that neither the Founders nor the Company shall make or receive any cash payment in respect of any such adjustment.

Related to Initial Founder

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

  • Founders means all Members immediately prior to the consummation of the IPO.

  • Initial Shareholder means any beneficial owner of the Company’s unregistered securities.

  • Founder Shares Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier of (A) one year after the completion of the Company’s initial Business Combination and (B) subsequent to the Business Combination, (x) if the closing price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (y) the date on which the Company completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property.

  • Initial Shareholders means the Sponsor and any Insider that holds Founder Shares; (v) “Private Placement Warrants” shall mean the 6,000,000 warrants (or 6,600,000 warrants if the over-allotment option is exercised in full) that the Sponsor has agreed to purchase for an aggregate purchase price of $6,000,000 (or $6,600,000 if the over-allotment option is exercised in full), or $1.00 per warrant, in a private placement that shall occur simultaneously with the consummation of the Public Offering; (vi) “Public Shareholders” shall mean the holders of securities issued in the Public Offering; (vii) “Trust Account” shall mean the trust fund into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Warrants shall be deposited; and (viii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b).

  • Founder Shares Purchase Agreement shall have the meaning given in the Recitals hereto.

  • Major Holder means with respect to any registration the Holder that, together with its Affiliates, includes the largest number of Registrable Securities in such registration.

  • Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

  • Initial Share Price for a Share means the Closing Price on the Exchange (or where such Exchange does not announce or publish a Closing Price, the last traded price, or, if necessary, the mid-market price) for that Share on the Initial Valuation Date, subject to adjustments that may be made pursuant to “DESCRIPTION OF THE NOTES – Adjustments and Exceptional Circumstances”.

  • VWAP Purchase Share Estimate means the number of shares of Common Stock that the Company has in its sole discretion irrevocably instructed its Transfer Agent to issue to the Buyer via the Depository Trust Company (“DTC”) Fast Automated Securities Transfer Program in connection with a VWAP Purchase Notice pursuant to Section 1(c) hereof and issued to the Buyer’s or its designee’s balance account with DTC through its Deposit Withdrawal At Custodian (DWAC) system on the VWAP Purchase Date (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

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

  • Initial Filing Date means the date on which the Initial Registration Statement is filed with the SEC.

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

  • Reverse Stock Split Date means the first date following the Issue Date on which a reverse stock split of the Common Stock is approved and deemed effective.

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.

  • Initial Holders has the meaning set forth in the preamble.

  • Lockup Period has the meaning set forth in Section 2.4(d)(i).

  • License holder means an individual, corporation, partnership, governmental unit, association or any other entity to whom a license was issued under Iowa Code chapter 137C, 137D or 137F.

  • Octopus Holder means a user of an Octopus who may be an AAVS Account Holder or who has linked his/her Octopus to an AAVS Account in the name of one of his/her family members or friends;

  • Initial Holder has the meaning set forth in the preamble.

  • IPO means the Company’s first underwritten public offering of its Common Stock under the Securities Act.

  • Policy Holder means the person who is a legal holder of this Policy and is named as the “Policy Holder” in the Policy Schedule.

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

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Founder Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier to occur of (A) one year after the completion of the Company’s initial Business Combination or earlier if, subsequent to the Company’s initial Business Combination, the last sales price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (B) the consummation by the Company of any subsequent liquidation, merger, stock exchange or other similar transaction, which results in all of the Company’s stockholders having the right to exchange their shares of the Common Stock for cash, securities or other property.

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.