PERCENT SHAREHOLDER definition
PERCENT SHAREHOLDER means any individual owning more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or of an Affiliate. An individual shall be considered to own any voting stock owned (directly or indirectly) by or for brothers, sisters, spouse, ancestors or lineal descendants and shall be considered to own proportionately any voting stock owned (directly or indirectly) by or for a corporation, partnership, estate or trust of which such individual is a shareholder, partner or beneficiary.
Examples of PERCENT SHAREHOLDER in a sentence
AMOUNT OF PERCENT SHAREHOLDER BENEFICIAL OWNERSHIP OF CLASS(1) ----------- -------------------- ----------- ▇▇▇▇▇ ▇.
Waiver of any of the following as a condition to the effectiveness or the Agreement does not preclude the City from pursuing any claim or breach of this Agreement.