Milestone Shares definition

Milestone Shares means, in respect of any Redemption Amount, such number of Vernalis Shares, if any, to be allotted and issued to satisfy such Redemption Amount in accordance with section 2.4.5;

Milestone Shares has the meaning set forth in Section 7.2.

Milestone Shares means those shares of Common Stock which may be issued upon satisfaction of certain milestone achievements by the Company and Target, to those Purchasers who are to receive such Milestone Shares pursuant to the terms of the Merger Agreement.

Examples of Milestone Shares in a sentence

• Milestone Shares will be issued upon occurrence of any of the following events having occurred during the employment by the Company of the Employee.

• Neither this Warrant nor any of the rights, interests or obligations hereunder may be assigned, by operation of law or otherwise, in whole or in part by the Holder to any person or entity without the prior written consent of the Company; provided that the EBITA Milestone Shares obtained from the exercise of this Warrant may be assigned to members of the Holder’s management team.

• At the IPO Closing and, if applicable, the Milestone Closing, subject to the terms and conditions hereof, SIGNAL shall deliver to DPM a stock certificate, registered in the name of DPM, representing, respectively, the IPO Shares and the Milestone Shares, dated as of the IPO Closing Date and the Milestone Closing Date, respectively, against payment of the purchase price therefor by wire transfer, unless other means of payment shall have been agreed upon by SIGNAL and DPM.

• Within thirty (30) days of the achievement of an Approval Milestone Event (as defined in the Equity Agreement), Soligenix will pay to Intrexon, according to the timelines and procedures set forth in the Equity Agreement, one of the following: (i) [*****] in cash, or (ii) the Approval Milestone Shares (as defined in the Equity Agreement).

• This Section 6.1 shall terminate as to the IPO Shares and the Milestone Shares ten (10) years from the IPO Closing Date and the Milestone Closing Date, respectively.

More Definitions of Milestone Shares

Milestone Shares means, subject to clause 10.4, that number of Shares calculated in accordance with the following formula: S = P/VWAP Where: S equals the Milestone Shares; P equals the Milestone Shares Subscription Price; and VWAP equals the 28 day volume weighted average price of the Shares, traded on the ASX up to and including the date that is 1 Business Day prior to the date that the Milestone Shares Condition is satisfied or waived in accordance with this agreement.

Milestone Shares means such number of shares of Parent Common Stock equal to twenty percent (20%) of the Total Merger Shares, rounded down to the nearest whole share.

Milestone Shares means: (a) unregistered shares of the series of Ovid’s preferred stock most recently issued by Ovid if Ovid’s common stock is not listed for trading on a national securities exchange at the time of issuance of the Milestone Shares (Ovid being in such case, a “Private Company”); or (b) unregistered shares of Ovid’s common stock if Ovid’s common stock is listed for trading on a national securities exchange at the time of the issuance of the Milestone Shares (Ovid being in such case, a “Publicly Traded Company”).

Milestone Shares has the meaning ascribed thereto in Section 2;

Milestone Shares means the number of shares of Common Stock (rounded down to the nearest whole number) equal to the quotient of $3,950,000 divided by the Milestone Share Price, as may be adjusted pursuant to Section 2.2(b).

Milestone Shares shall have the meaning given that term in the Formation Agreement.

Milestone Shares means shares of Parent Common Stock issuable pursuant to the provisions of this Section 1.5(b).