Milestone Shares definition

Milestone Shares has the meaning set forth in Section 7.2.

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 means, subject to clause 10.4, that number of Shares calculated in accordance with the following formula: 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.

Examples of Milestone Shares in a sentence

• A total of 2,000,000 of the Milestone Shares shall be released upon the completion of the development and release of the BETA version of the university instance desktop portal including integration feeds from OPINIT mobile application and the Foro mobile application.

• The remaining 2,000,000 Milestone Shares will be released pro-rata to the Opinit Shareholders in connection with the combined user counts of both the OPINIT mobile application and the Foro Mobile Application.

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

• The Company will record a liability related to the Milestone Shares if and when the milestones are achieved and the consideration becomes payable.

• The Company determined that liability accounting would be required for the Milestone Shares under ASC 480.

More Definitions of Milestone Shares

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.

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 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 the 1st Milestone Shares, the 2nd Milestone Shares and the 3rd Milestone Shares, as applicable.

Milestone Shares means, collectively, the First Tranche Milestone Shares, the Second Tranche Milestone Shares, the Third Tranche Milestone Shares and the Fourth Tranche Milestone Shares.

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

Milestone Shares means: (i) 2,519,091 shares of common stock of the Buyer, equal to 13% of the outstanding common stock of the Buyer immediately following the closing of the Financing plus 13% of the common stock of the Buyer underlying the Series B Preferred Shares (issued under the Financing) immediately following the closing of the Financing; plus (ii) 13% of the outstanding common stock of the Buyer issued upon exercise of any warrants (issued under the Financing) that have been exercised as of the second Business Day prior to the Milestone being achieved.