Selling Founder definition

Selling Founder has the meaning set forth in Section 5.3.
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Selling Founder means a Founder who is engaging in a transaction that gives rise to Tag-Along Rights by virtue of the sale of shares of Common Stock beneficially owned by that Founder.
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Selling Founder. Section 3.4(a)
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Examples of Selling Founder in a sentence

  • If an unaffiliated third party has made an offer to purchase ROFO/R Shares that the Selling Founder is desirous of accepting, the Transfer Notice shall also state the identity of the unaffiliated third party, all other particulars of the offer, and a sworn statement by the Selling Founder that he desires to accept such third party offer.

  • The Right of First Offer/Refusal shall be exercised, if at all, by the Company and the Founders Group within thirty (30) calendar days from the date the Transfer Notice is delivered to the Company and the Founders Group, by delivery of written notice to the Selling Founder of written notice of the exercise in full of the Right of First Offer/Refusal.

  • In the event the Selling Founder disagrees with such determination, and the Board of Directors and the Selling Founder are unable to resolve the disagreement, an independent third party selected and agreed upon by the Board of Directors and the Selling Founder shall arbitrate and finally resolve the disagreement.

  • The closing of the purchase of the Remaining Shares shall take place at the offices of the Corporation no later than five (5) business days after delivery of such notice to the Selling Founder and the purchasing Investors.

  • Investor shall have the right, exercisable upon written notice to the Selling Founder within 15 business days after receipt of the notice of the Purchase Offer, to participate in the Selling Founder's sale of Common Stock on the same terms and conditions.

  • To the extent Investor exercises such right of participation, the number of shares of Common Stock that the Selling Founder may sell pursuant to such Purchase Offer shall be correspondingly reduced.

  • In the event the Selling Founder has not sold the Common Stock on the same terms and conditions as those set forth in the notice within such 120-day period, the Selling Founder shall not thereafter sell any Common Stock without first notifying the Investors in the manner provided above.

  • The Investors shall be entitled to sell their pro rata portion on the same terms and conditions as the Selling Founder.

  • At such time, the Selling Founder shall deliver to the Company the certificates representing the Target Shares to be repurchased, each certificate to be properly endorsed for transfer.

  • If either of the Founders (the "Selling Founder") proposes to accept one or more bona fide offers (collectively, the "Purchase Offer") from any person or persons to purchase shares of the Common Stock from the Selling Founder, then the Selling Founder shall promptly notify Investor in writing of the terms and conditions of such Purchase Offer, including the purchase price, the identity of the proposed buyer and a copy of the Purchase Offer, if it is in writing.

Related to Selling Founder

  • Selling Shareholder has the meaning set forth in Section 3.04(a).

  • Selling Stockholder means any Stockholder owning Registrable Shares included in a Registration Statement.

  • Selling Stockholders means Purchaser and any other purchaser of Units in the Offering, and their respective successors and assigns.

  • Selling Holder means a Holder who is selling Registrable Securities pursuant to a registration statement.

  • Selling Partner has the meaning set forth in Section 8.5.

  • Selling Party has the meaning set forth in the definition of “Net Sales.”

  • Selling Group has the meaning ascribed thereto in Section 2.2;

  • Selling Shareholders has the meaning given to such term in the Preamble to this Agreement;

  • Selling Holders means, with respect to a specified registration pursuant to this Agreement, Holders whose Registrable Securities are included in such registration.

  • Selling Member has the meaning set forth in Section 10.5(a).

  • Founder means, in respect of an issuer, a person who,

  • Selling Entity means Parent, any Assignee, and each of their controlled Affiliates (including, from and after the Effective Time, the Company) and Sublicensees.

  • Selling Firms has the meaning specified in section 5.1;

  • Selling Parties shall have the meaning specified in the preamble.

  • Founders means all Members immediately prior to the consummation of the IPO.

  • Other Selling Stockholders means persons other than Holders who, by virtue of agreements with the Company, are entitled to include their Other Shares in certain registrations hereunder.

  • The Purchaser means the organization purchasing the Goods, as named in SCC.

  • Principal Shareholder means any corporation, Person or other entity which is the beneficial owner, directly or indirectly, of five percent (5%) or more of the outstanding Shares of all outstanding classes or series and shall include any affiliate or associate, as such terms are defined in clause (ii) below, of a Principal Shareholder. For the purposes of this Section, in addition to the Shares which a corporation, Person or other entity beneficially owns directly, (a) any corporation, Person or other entity shall be deemed to be the beneficial owner of any Shares (i) which it has the right to acquire pursuant to any agreement or upon exercise of conversion rights or warrants, or otherwise (but excluding share options granted by the Trust) or (ii) which are beneficially owned, directly or indirectly (including Shares deemed owned through application of clause (i) above), by any other corporation, Person or entity with which its “affiliate” or “associate” (as defined below) has any agreement, arrangement or understanding for the purpose of acquiring, holding, voting or disposing of Shares, or which is its “affiliate” or “associate” as those terms are defined in Rule 12b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934, and (b) the outstanding Shares shall include Shares deemed owned through application of clauses (i) and (ii) above but shall not include any other Shares which may be issuable pursuant to any agreement, or upon exercise of conversion rights or warrants, or otherwise.

  • Management Shareholders means Xxxxxx X. Xxxxx, Xxxxxxxx X. Xxxxxx and Xxxxx X. XxXxxxx;

  • Initial Shareholder means any beneficial owner of the Company’s unregistered securities.

  • Selling Firm has the meaning given to it in Section 2(1);

  • Investor means the Buyer, any transferee or assignee thereof to whom a Buyer assigns its rights under this Agreement in accordance with Section 9 and who agrees to become bound by the provisions of this Agreement, and any transferee or assignee thereof to whom a transferee or assignee assigns its rights under this Agreement in accordance with Section 9 and who agrees to become bound by the provisions of this Agreement.

  • Principal Stockholder Transferee means any Person who acquires voting stock of the Corporation from the Principal Stockholder (other than in connection with a public offering) and who is designated in writing by the Principal Stockholder as a “Principal Stockholder Transferee.”

  • Purchaser means the organization purchasing the goods.

  • Third Party Purchaser has the meaning set forth in Section 3.3.

  • Selling Shareholder Questionnaire shall have the meaning set forth in Section 3(a).