Examples of Second Milestone Shares in a sentence
When a discovery is made partly at the expense of the individual with the use of University facilities or in the normal field of the individual’s employment, the procedure shall be the same as that of Type I, given above.
The Second Milestone Shares shall be uncertificated and shall be registered in GLS’s name on the books of the Company by the Company’s transfer agent (unless otherwise instructed by GLS in writing).
The number of Escrow Shares beneficially owned by each Seller as of the Closing and upon issuance of the First Milestone Shares and Second Milestone Shares, as applicable, the percentage interest of each Seller in the Escrow Fund, the address of each Seller and the taxpayer identification of each shareholder are set forth in Annex B attached hereto.
Each Seller shall receive that number of Escrow Shares equivalent to such Seller's percentage interest in the Escrow Fund as set forth in Annex B hereto, subject, in the case of the Escrow Shares applicable to the First Milestone Shares and the Second Milestone Shares, to the issuance of the First Milestone Shares or the Second Milestone Shares, as the case may be, and receipt by the Escrow Agent thereof.
In the event the First Milestone Closing does not occur, and the Second Milestone Closing Conditions are satisfied, subject to the terms and conditions of this Agreement, each Investor shall subscribe for and purchase, and the Company shall issue and sell to each Investor such Investor’s respective First Milestone Shares and Second Milestone Shares in consideration of such Investor’s payment of the First Milestone Closing Purchase Price plus the Second Milestone Closing Purchase Price.