Examples of Participating Optionholder in a sentence
If any Bonus Payment Recipient, Participating Optionholder, Other Stockholder or Specified Stockholder would be entitled to receive (without taking into account Section 1.5(h) of the Merger Agreement) a fractional Holdco Share in connection with any release and distribution of Escrow Shares on any Escrow Release Date, then such Person shall be entitled to receive from Holdco, in lieu of such fractional share, one (1) Holdco Share.
After the Effective Date, the Company Stockholders and Participating Optionholders shall be third party beneficiaries of this Section 6.05, and the Representative shall have the right to enforce the obligations of the Company and Parent set forth in this Section 6.05 on their behalf (provided that no Company Stockholder or Participating Optionholder shall have a right to enforce this Section 6.05 other than through action taken by the Representative on their behalf).
The DMMAG felt that the ESCA format potentially allows this to be outlined better than the RICaD which was originally agreed.
Any payments made to a Shareholder or Participating Optionholder pursuant to this Section 1.5 will be treated as adjustments to the Adjusted Share Consideration or Vested Option Consideration, as applicable, for Tax purposes and such agreed treatment will govern for purposes of this Agreement, unless otherwise required by law.
All decisions and actions by the Stockholders’ Representative shall be binding upon all of the Non-Series C Stockholders, Participating Warrantholders, and Participating Optionholders, and no Non-Series C Stockholder, Participating Warrantholder or Participating Optionholder shall have the right to object, dissent, protest, or otherwise contest the same.
Tyler or the Surviving Corporation, as applicable, shall promptly pay over, or cause to be promptly paid over, to the appropriate Governmental Authority responsible for Taxes all such Taxes and promptly provide evidence of such payment to the applicable Stockholder or Participating Optionholder.
The Company shall have delivered or caused to be delivered to Parent a Participating Optionholder Instrument executed by each of the Participating Optionholders (or their duly authorised agent).
Tyler shall cause the Paying Agent on behalf of Tyler, no later than three Business Days after the Closing Date to cause to pay to each Non-Employee Participating Optionholder, the cash amount such Non-Employee Participating Optionholder has the right to receive pursuant to Section 3.2(a) as set forth for such Participating Optionholder on the Consideration Spreadsheet.
No Stockholder, Participating Warrantholder, or Participating Optionholder shall be liable for breaches of the representations, warranties and covenants specific to any other Stockholder, Participating Warrantholder, or Participating Optionholder.
To the extent that amounts are so withheld and paid over to the appropriate Governmental Authority responsible for Taxes by Tyler or the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the respective Stockholder or Participating Optionholder in respect of which such deduction and withholding was made by Tyler or the Surviving Corporation, as applicable.