Protective Provisions means those protective provisions set forth in Section 7(a).
Protective Provisions means as to any Grantee who is a party to an employment agreement with the Company (or a Subsidiary or Affiliate) that contains non-competition, non-solicitation, non-disclosure and/or other similar provisions, such provisions. In the absence of such an employment agreement, “Protective Provisions” shall refer to the provisions set forth in Appendix A of this Agreement.
Examples of Protective Provisions in a sentence
Subject to compliance with applicable Protective Provisions, the Board of Directors is also authorized to increase or decrease the number of shares of any series, prior or subsequent to the issue of that series, but not below the number of shares of such series then outstanding.
The Transit Employee Protective Provisions apply to each contract for transit operations performed by employees of a Contractor recognized by FTA to be a transit operator.
Subject to compliance with applicable Protective Provisions, the Board of Directors is also expressly authorized to increase or decrease (but not below the number of shares of such series then outstanding) the number of shares of any series subsequent to the issue of shares of that series.
Executive also acknowledges and agrees that any violation of the covenants set forth in the Protective Provisions would bestow an unfair competitive advantage upon any Person, which might benefit from such violation, and would necessarily result in substantial and irreparable damage and loss to the LIN Companies.
Subject to compliance with applicable Protective Provisions, the Board of Directors is also authorized to increase or decrease the number of shares of any series (other than the Series A Preferred Stock), prior or subsequent to the issue of that series, but not below the number of shares of such series then outstanding.
More Definitions of Protective Provisions
Protective Provisions. So long as the Initial Purchasers hold shares of Preferred Stock and such shares (taken together with any shares of Common Stock held by such Purchasers which were issued upon conversion of Preferred Stock) equal at least 51% of the shares of Common Stock issuable upon conversion of shares of Preferred Stock outstanding on the Closing Date, the Company shall not, and shall not permit any of its subsidiaries to, (A) without the consent of the holders of a majority of the shares of Preferred Stock then outstanding, (i) merge or consolidate with any person or entity unless the per share consideration received by the holders of shares of Preferred Stock in such transaction exceeds three times the Conversion Price, (ii) effect, approve or authorize any liquidation or any recapitalization or reorganization of the Company or any subsidiary unless the per share consideration received by the holders of shares of Preferred Stock in such transaction exceeds three times the Conversion Price, (iii) directly or indirectly pay or declare any dividend, make any distribution upon, redeem or repurchase any shares of capital stock (except a dividend on, distribution upon or redemption of Preferred Stock), (iv) agree to, or permit any subsidiary to agree to, any provision in any agreement that would impose any restriction on the Company's ability to honor the exercise of any rights of the holders of the Shares, or (v) enter into any transaction with any affiliate of the Company, except upon terms which are not less favorable and reasonable than those obtainable in an arm's-length transaction with a party that is not an affiliate, or (B) without the approval of the Board, including a majority of directors (if any) nominated by holders of the Preferred Stock, (i) materially alter or change the business of the Company as it is currently conducted (including related Internet ventures), (ii) hire or fire, or amend the employment terms, of the CEO, COO or CFO of the Company, (iii) make or commit to capital expenditures or acquire or dispose of any business or assets for consideration with a value in excess of $2.5 million (including all assumed debt, all cash payments, and the fair market value of all securities or other property issued as consideration) or incur, assume or otherwise become obligated for indebtedness in excess of $10 million, or (iv) alter any equity incentive plan or materially alter any cash bonus plan for executive officers.
Protective Provisions. Existing fundamental corporate transactions shall require the prior written approval or consent of holders of at least 70% of the outstanding shares of Series A-1 Stock, Series A-2 Stock and Series A-3 stock, voting together as a single class (the “Required Investor Majority”).
Protective Provisions. (a) the provisions applicable to a Partner under Sections 9.2, 9.3, 9.4 and 9.5 and (b) any provision contained in a Series Designation or the Supplemental Schedule that is designated as a “Protective Provision”.
Protective Provisions means the provisions of Article Thirteenth of the Restated Certificate of Incorporation of the Company.
Protective Provisions. The Company shall not, without the consent of the holders of a majority of the shares of Preferred Stock, (i) alter or change the terms of the Preferred Stock, (ii) authorize or issue additional shares of Preferred Stock, except in payment of accrued dividends on outstanding shares of Preferred Stock, or (iii) authorize, issue or reclassify any equity securities senior to or pari passu with the Preferred Stock. In addition, so long as Apollo holds a number of shares of Preferred Stock equal to at least 50% of the number of shares of Preferred Stock issued on the closing date, the Company shall not, without the consent of the holders of a majority of the shares of Preferred Stock (i) merge or consolidate with any person or entity, (ii) permit any subsidiary to merge or consolidate with any person or entity, other than in connection with any permitted acquisition, (iii) effect a voluntary liquidation, dissolution or winding up of the Company, (iv) directly or indirectly pay or declare any dividend, make any distribution upon, redeem or repurchase any shares of capital stock junior to the Preferred Stock, except for ordinary dividends not to exceed during any year 5% of the market value of the Common Stock, (v) agree to, or permit any subsidiary to agree to, any provision in any agreement that would impose any restriction on the Company's ability to honor the exercise of any rights of the holders of the Preferred Stock, (vi) create any subsidiary other than a wholly-owned subsidiary, (vii) enter into any transaction with any affiliate of the Company, except upon terms which are not less favorable and reasonable than those obtainable in an arm's-length transaction with a party that is not an affiliate, (viii) materially alter or change the business of the Company as it is currently conducted, (ix) increase the size of the Board of Directors, (x) hire or fire, or amend the employment terms, of the CEO, COO or CFO of the Company or the President of any of its Business Units, (xi) adopt or amend any benefit or compensation plans that are equity-linked or provide for bonus payments to any individual in excess of $250,000 (except pursuant to existing arrangements), (xii) enter into or refinance any debt financing or any equity financing resulting in the issuance of shares in excess of 10% of the then outstanding shares during any 12-month period, (xiii) acquire or dispose of any business or assets with a value in excess of $25 million (including all assumed debt, a...
Protective Provisions means the provisions set out at Annex 8 (Protective Provisions); “Purchase Price” means one pound (£1);
Protective Provisions means with respect to the Common Units as follows: