Second Milestone Shares definition

Second Milestone Shares shall vest as follows:
Second Milestone Shares means the shares of Common Stock issued as part of the Second Contingent Milestone Payment.
Second Milestone Shares means the 5,500,000 Common Shares issuable upon the occurrence of the Second Milestone Event;

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.


More Definitions of Second Milestone Shares

Second Milestone Shares means up to the lesser of (a) 1,048,387 shares of Parent Common Stock and (b) 16.1% of the Aggregate Merger Consideration, as adjusted, the exact number of which shall be determined as set forth on Exhibit D.

Related to Second Milestone Shares

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Milestone Date means the target date set out against the relevant Milestone in the Implementation Plan by which the Milestone must be Achieved;

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • Development Milestone Event has the meaning set forth in Section 7.2.1.

  • Milestone Event has the meaning set forth in Section 1.11(a).

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Development Milestone is defined in Section 5.3.

  • Earnout Shares has the meaning set forth in Section 3.6(a).

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Milestone Events has the meaning set forth in Section 7.2.

  • Earn-Out Shares has the meaning provided in Section 2.2(b).

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;

  • Earnout Amount has the meaning set forth in Section 2.7(a).

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • Project Milestones means the Project milestones set out in Schedule 3;

  • COMPLETION TIME means the period by ‘date/month’ specified in the ‘Letter of Intent/Award’ or date mutually agreed upon for handing over of the intended scope of work, the erected equipment/plant which are found acceptable by the Engineer, being of required standard and conforming to the specifications of the Contract.

  • Second Target Distribution means $0.4375 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.4375 multiplied by a fraction of which the numerator is equal to the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).