Examples of Reserved Employee Shares in a sentence
The conversion price of the • Investor wants protection Preferred will be subject to adjustment to prevent dilution against “price dilution” if in the event that the Company issues additional shares of Company sells shares convertible debt or equity securities (other below issue price to than the Reserved Employee Shares described under investor “Reserved Employee Shares” below) at a purchase price less than the Original Purchase Price.
Anything herein to the contrary notwithstanding, the Corporation shall not be required to make any adjustment of the Series A Conversion Price in the case of the issuance of (i) shares of Common Stock issuable upon conversion of the Preferred Stock, and (ii) Reserved Employee Shares (as defined in paragraph 6 hereof).