Examples of New Holdings in a sentence
Customary provisions would apply to limit a dragged holder’s liability for representations, warranties and indemnities related to New Holdings and its subsidiaries in the drag-along sale to no more than that holder’s pro rata share of the aggregate liability (but not in excess of the net proceeds received by the holder in the sale).
Rollover shares (other than those held by Xxxxxx Xxxxxx), vested options and shares purchased under options of each manager will be subject to a call option by New Holdings or its designee upon termination of employment of such manager (whether by resignation, dismissal or otherwise).
This project will not require a grading permit due to the exemption for excavations for wells, tunnels or utilities, as is stated in Section 331-12 within Division 3, Building Regulations of Title III, Land Use and Development in Humboldt County government code (Humboldt County 2018b).
An option plan representing 10% of the fully-diluted post-closing equity of New Holdings at closing will be adopted.
Customary provisions would apply to limit a tagging holder’s liability for representations, warranties and indemnities related to New Holdings and its subsidiaries in the tag-along sale to no more than that holder’s pro rata fully-diluted share of the aggregate liability (but not in excess of the net proceeds received by the holder in the sale).