Long Shares definition
Examples of Long Shares in a sentence
In addition, to the extent any affiliates of the Requesting Shareholder (as defined below) are acting in concert with the Requesting Shareholder with respect to the calling of the special meeting, the determination of Net Long Shares may include the effect of aggregating the Net Long Shares (including any negative number) of such affiliate or affiliates.
LFCG agrees to deliver to MKG a proxy with respect to all voting rights associated with the Post-Retention Remaining Long Shares in the form acceptable to LFCG and MKG (each, a "Proxy” and collectively, the "Proxies"), which shall be irrevocable to the extent provided in Section 212 of the Delaware General Corporation Law.
Any shares remaining of the Long Conversion Shares after MKG’s retention of the MKG Portion of the Long Conversion Shares shall be transferred to members of LFCG (the Post-Retention Remaining Long Shares).
Notwithstanding anything to the contrary in this Agreement, the Global Value Director will promptly offer to resign from the Board if the Global Value Group no longer beneficially owns shares of Company’s common stock (which shares are determined to be Net Long Shares (as defined below)) representing in the aggregate more than or equal to the Ownership Threshold.
The Option Rights may be exercised by giving Grantor written notice of an intention to purchase all or part of the Hunter Shares, Long Shares and Knieser Shares, as applicable.
Notwithstanding anything to the contrary in this Agreement, Scopia’s right to designate the New Directors (and any replacement thereof pursuant to Section 1(e)), and the Company’s obligations pursuant to Section 1(b), will end (and will not be reinstated) if at any time Scopia no longer beneficially owns shares of Common Stock (which shares are determined to be Net Long Shares (as defined below)) equal to, in the aggregate, at least 5% of the then-outstanding Common Stock.
During the Restricted Period, if (a) the Designee ceases to be a member of the Board for any reason and (b) at such time the VIEX Group beneficially owns shares (which shares are determined to be Net Long Shares (as defined below)) representing in the aggregate at least 2% of Company’s then-outstanding common stock, then Company and VIEX will cooperate to identify (and the Board will promptly appoint) another person (a “Successor Director”) to serve as a director in place of the Designee.
Grantor agrees to the placement of the following legend on a certificate or certificates representing a number of the Grantor Shares equal to the full number of Hunter Shares, Long Shares and Knieser Shares: “The Shares represented by this certificate are subject to an Option Agreement dated March _, 2007, by and among ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇.
I hereby irrevocably offer to resign from my position as a member of the Board, and from any committees of the Board on which I serve, upon the Legion Group’s aggregate Net Long Shares falling below 1,000,000 shares of Company’s common stock (subject to adjustment for stock splits, reclassifications and combinations).
Pursuant to this Agreement, Grantor hereby grants to Hunter the right and privilege to purchase the Hunter Shares (the “Hunter Option”), to Long the right and privilege to purchase the Long Shares (the “Long Option”) and to Knieser the right and privilege to purchase the Knieser Shares (the “Knieser Option”, and together with the Hunter Option and the Long Option, the “Option Rights”) during the period set forth in Section 2 of this Agreement at the price set forth in Section 4 of this Agreement.