Examples of Series A Financing in a sentence
For instance, certain affiliates and family members of the directors have participated in the Series Seed Financing, the Bridge Financing, and the Series A Financing (each as defined below).
In addition to your base salary, you may be eligible to earn, for each fiscal year of the Company commencing with the fiscal year in which a Qualifying Series A Financing occurs and ending during the term of your employment with the Company, an annual cash performance bonus under the Company’s bonus plan, as approved from time to time by the Board.
Your bonus for the fiscal year in which a Qualifying Series A Financing occurs will be prorated to reflect the portion of the year that elapses following such financing.
Specifically, you will receive severance pay in the form of continuation of your final monthly base salary for three (3) months if your termination occurs prior to the Series A Financing and for six (6) months if your termination occurs subsequent to the Series A Financing, less standard payroll deductions and tax withholdings (the “Severance Payments”).
On December 17, 2015, Genecast Biotechnology and its then shareholders entered into an investment agreement with five new investors (the “Series A Investors”), pursuant to which the Series A Investors agreed to subscribe for approximately 20.8% of the enlarged registered capital of Genecast Biotechnology immediately upon completion of the Series A Financing for an aggregated consideration of RMB26 million.