Examples of Scientific Founders in a sentence
To convince someone to put down a gun, you first have to convince them that they will not be harmed.● The only way to denuclearize the Korean Peninsula is to end the Korean War, negotiate a peace agreement, and work toward normalizing relations.
Effective as of the date the Scientific Founders’ Shares are issued to the Scientific Founders and the Business Founders’ Shares are issued to the Business Founders, the Founders Agreement shall be automatically terminated and of no further force and effect.
For clarity, except as set forth in Sections 1 and 2 of this Termination Agreement, the Scientific Founders and Business Founders shall have no rights to the issuance of any additional shares or options from the Company pursuant to the Founders Agreement.
As of the date hereof, a Qualified Financing shall have occurred and upon the closing of such Qualified Financing, the Company shall reimburse the Scientific Founders all third party development and patent expenses incurred in connection with the development of the Technology, such amount not to exceed Seventy Thousand Dollars ($70,000).
Any term, covenant, agreement or condition of this Agreement may, with the consent of the Company, be amended or compliance herewith may be waived (either generally or in a particular instance and either retroactively or prospectively), by one or more substantially concurrent written instruments signed by the Scientific Founders.
This agreement is being entered into in partial consideration for the parties entering into that certain Royalty Agreement by and among the Company and the Scientific Founders (as defined therein), dated as of March 20, 2014.
Such royalties shall be shared fifty percent (50%) with the Scientific Founders, allocated among the Scientific Founders in one-third equal shares, and fifty percent (50%) with Xxxxxxxxx Xxxxxxxx.
Such Scientific Founders’ Shares, or options therefor, shall be allocated among the Scientific Founders pro rata based on the number of shares of Common Stock currently held by each Scientific Founder.
The Scientific Founders and Xxxxxxxxx Xxxxxxxx shall be entitled to receive royalties equal to two percent (2%) of gross sales of any Flex Pharma product to treat any neuromuscular disorders, including without limitation anti-cramp products, that are made by the Company.
You acknowledge that shares of Common Stock (the “Business Founders Shares,” and together with the Scientific Founders Shares, the “Founders Shares”) will be also issued to me and other business founders (the “Business Founders,” and together with the Scientific Founders, the “Founders”).