Examples of Parent Share Consideration in a sentence
In connection with the Merger, the Company and Members have agreed (a) to pay at the Closing transaction bonuses to certain employees of the Company, as set forth on Schedule 1.12 (the “Transaction Bonuses”), and (b) that a portion of the Transaction Bonuses payable to certain employees (the “Bonus Share Recipients”) will be paid by the delivery of an aggregate of 14,618 Parent Shares (“Bonus Shares”) that would otherwise have been included in the Parent Share Consideration.
Members and the Company hereby authorize and direct Parent to withhold the Bonus Shares from the Parent Share Consideration, and issue and deliver the Bonus Shares to the Bonus Share Recipients (in the respective amounts set forth on Schedule 1.12) at the Closing, on behalf of the Company in payment of Transaction Bonuses.