Minority Shares definition

Minority Shares means shares of the Company’s Common Stock owned or controlled by the Minority Shareholders.

Minority Shares has the meaning set forth in the Recitals.

Minority Shares means a partial ownership stake in a company that is less than 50 percent of the total shares in terms of voting rights;

Examples of Minority Shares in a sentence

• As part of the Conversion, each Minority Stockholder will receive Holding Company Common Stock in exchange for Minority Shares.

• As part of the Conversion and the Exchange Offering, each Minority Stockholder will receive Holding Company Common Stock in exchange for Minority Shares.

• The basis for exchange of Minority Shares for Holding Company Common Stock shall be fair and reasonable.

• As part of the Conversion, each of the Minority Shares outstanding immediately prior to consummation of the Conversion shall automatically, without further action on the part of the holders thereof, be converted into and become the right to receive Holding Company Common Stock based upon the Exchange Ratio.

• As part of the Conversion, each Minority Stockholder will receive Exchange Shares in exchange for its Minority Shares in the Exchange Offering.

More Definitions of Minority Shares

Minority Shares means all of the issued and outstanding Shares other than the Excluded Shares.

Minority Shares means (i) any capital stock of the Company purchased or otherwise acquired by any Minority Stockholder (including, without limitation, Common Stock), (ii) any warrants, options, or other rights to subscribe for or to acquire, directly or indirectly, capital stock of the Company, whether or not then exercisable or convertible, (iii) any stock, notes, or other securities which are convertible into or exchangeable for, directly or indirectly, capital stock of the Company, whether or not then convertible or exchangeable, (iv) any capital stock of the Company issued or issuable upon the exercise, conversion, or exchange of any of the securities referred to in clauses (i) through (iii) above, and (v) any securities issued or issuable directly or indirectly with respect to the securities referred to in clauses (i) through (iv) above by way of stock dividend or stock split or in connection with a combination of shares, recapitalization, reclassification, merger, consolidation, or other reorganization. For avoidance of doubt, any of the foregoing purchased or otherwise acquired by Sun or any Affiliate of Sun shall not be Minority Shares.

Minority Shares shall have the meaning assigned to it in Section 2.1(a) of this Agreement.

Minority Shares is defined in Recital A.

Minority Shares is defined in the recitals hereto.

Minority Shares means (a) all shares of Common Stock originally issued to, or issued with respect to shares originally issued to, or held by, a Minority Stockholder, whenever issued, including, without limitation, all shares of Common Stock issued pursuant to the exercise of any Options and all shares of Common Stock issued upon conversion of any shares of Preferred Stock, (b) all shares of Preferred Stock originally issued to, or issued with respect to shares originally issued to, or held by, a Minority Stockholder, whenever issued (treating such shares of Preferred Stock as a number of Shares equal to the number of Equivalent Shares represented by such shares of Preferred Stock for all purposes of this Agreement except as otherwise specifically set forth herein), and (c) all Options originally granted or issued to a Minority Stockholder (treating such Options as a number of Shares equal to the number of Equivalent Shares represented by such Options for all purposes of this Agreement except as otherwise specifically set forth herein).

Minority Shares means the Minority Sellers’ fully paid shares in the capital of the Company, details of which are set out opposite each of the Minority Sellers’ names in in column 2 (in respect of Shares which are not Option Shares or Warrant Shares), column 3 (in respect of Option Shares) and column 4 (in respect of Warrant Shares) of Part B of Schedule 1;