MIP Shares means the class B non-voting ordinary shares with a nominal value of $0.001 each in the share capital of the Company having the rights and restrictions specified in the Articles of Association.
MIP Shares means up to six percent of the New Common Stock outstanding on the Effective Date (on a fully diluted and fully distributable basis (i.e., assuming full allocation of the MIP Shares)) that will be reserved for grants made from time to time to employees, directors, consultants, and/or other participants under, and pursuant to, the Management Incentive Plan, which shall dilute all New Common Stock equally. All of the MIP Shares shall be granted as full value awards (i.e., restricted stock units (or its equivalent based upon the Reorganized Debtors’ corporate structure).
MIP Shares means growth shares in the capital of Goodbody Botanicals, a wholly-owned subsidiary of Sativa, to be issued to Sativa Directors pursuant to the MIP;
Examples of MIP Shares in a sentence
Except for the Company’s call options and drag-along rights and the MIP Participants’ corresponding put options and tag-along rights with respect to the MIP Shares under the shareholders’ agreements entered into between the Company and the respective MIP Participants, the Company does not have any obligation to purchase, redeem or otherwise acquire any equity securities or interest therein or to pay any dividend or make any distribution in respect thereof.
More Definitions of MIP Shares
MIP Shares means the New Ordinary Shares issued to the members of management of Reorganized Venator pursuant to the Management Incentive Plan.
MIP Shares means the class B non-voting ordinary shares with a nominal value of $0.001 each in the share capital of the Company having the rights and restrictions specified in the Articles of Association. ”New Party” has the meaning given in Schedule 8. “New Securities” has the meaning given in Clause 9.1.
MIP Shares means any shares issued to the directors, officers, employees and/or consultants of the Company and its subsidiaries pursuant to the MIP Awards.
MIP Shares is defined in Section 7.06(c).
MIP Shares means shares of Common Stock issued pursuant to the Management Incentive Plan.
MIP Shares means Shares under the MIP as held by the MIPCo or the MIP participants (as applicable) in Schedule 1 (Company Shareholding).