Protected Shares definition

Protected Shares means the Parent Shares issued to the ---------------- Stockholders pursuant to Sections 1.08(a), 1.08(b) and 1.09(a) hereof; provided, -------- however, that in the event that ▇▇. ▇▇▇▇▇-▇▇▇▇ Gujral terminates his employment ------- with the Company for any reason other than death or Permanent Disability (as defined in Exhibit 5.01(c)), the Parent Shares referred to in Section 4.04 shall cease to be Protected Shares from and after the date of such termination. In no event shall either the Parent Warrants or the Parent Shares issuable upon exercise of the Parent Warrants be entitled to the benefits of this Section 1.11.

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Protected Shares shall have the meaning specified in Section 3.2(a) hereof.

Protected Shares means 650,000 or, if the Alternative Transaction is an offer to acquire less than all of the outstanding voting shares of the Company, the product of (i) the percentage of outstanding shares (expressed as a decimal) offered to be acquired and (ii) 650,000.

Examples of Protected Shares in a sentence

• The shares of TDST common stock to be issued to the Consultant pursuant to Sections 3(b) and 3(c) hereof (the "Protected Shares") shall be fully price-protected by TDST such that they shall be and at all times remain equal to the aggregate dollar amount paid to Consultant hereunder upon issuance (the "Protected Amount").

• Effective Price shall mean the total sale proceeds from the sale of Protected Shares divided by the total number of shares sold during the Price Protection Period.

• The parties acknowledge that the Lock-up Obligations do not apply to the Nonmarket Protected Shares as that term is defined in the Merger Agreement.

• As used herein, the term "ESCROWED SHARES" shall mean: such number of whole shares of Nonmarket Protected Shares (as defined below) due to the Sellers hereunder, of which the Market Price (as defined in Section 1.2(c)) thereof as of the Closing Date equals One Million Dollars ($1,000,000) (plus the Market Price of any requisite fractional share).

• Should the 10% Early Repayment Right (as defined below) be exercised by the Company, the Conversion Price will be automatically increased such that the Protected Shares shall be convertible into a number of Ordinary Shares representing, upon such conversion, ten percent (10%) of the issued and outstanding share capital of the Company, on a Fully Diluted Basis at that time (“10% Price Protection”).

More Definitions of Protected Shares

Protected Shares means any and all Common Shares purchased by the Investors in the Offering. The term “Protected Shares” shall include (i) any and all shares Transferred from time to time in accordance with this Agreement and applicable law; provided that, such transferee executes a joinder to this Agreement and (ii) any and all shares issued in substitution for or in place of any Protected Shares previously issued.

Protected Shares as defined in Section 2.3 c)(ii) hereof.

Protected Shares means all Registrable Securities (as defined in the Apollo Agreement), the anticipated proceeds of which (in the relevant offering) when added to the aggregate proceeds of all previous sales (in one or more transactions), other than sales to any affiliates of the Apollo Investors, of common stock of the Company, is less than or equal to $100,000,000.

Protected Shares. For purposes of this Section 3.2, the term "Option Call Price" of any Call Options to be purchased pursuant to the exercise of the Call Right shall mean the product of the number of Shares issuable upon exercise of the Management Investor's then-vested Call Options times the difference, if positive (if negative such price shall be equal to zero), between (i) the Share Call Price and (ii) the exercise price of each Call Option.

Protected Shares means the lowest Daily Measurement Period Position during the Measurement Period.

Protected Shares means the 2,221,944 Preferred Shares outstanding on the date these Articles are adopted.

Protected Shares shall include (i) any and all shares Transferred from time to time in accordance with this Agreement and applicable law; provided that, such transferee executes a joinder to this Agreement and (ii) any and all shares issued in substitution for or in place of any Protected Shares previously issued.