Examples of Share Portion in a sentence
Notwithstanding the foregoing, Seller shall cause each Vested Business Employee Option that is outstanding immediately prior to the Closing and has an exercise price per Seller Share that is equal to or greater than the Vested Per Share Portion of the Distributable Closing Date Consideration will be cancelled and terminated immediately prior to the Closing without consideration therefor.
The shares to be issued to Seller to satisfy the Share Portion, and the shares underlying the Warrant have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), and, therefore, can not be resold unless they are registered under the Securities Act or unless an exemption from registration is available.
Once calculated, the Performance Share Portion will be allocated to Beneficiaries on the dates set out in the Remuneration Policies - dividing the Performance Share Portion by the Normal Value of the Shares - at the date of signing a Severance Agreement or at the date specified in the Individual Communications.
For any Options for which the Option Exercise Price of such Option is greater than or equal to the Per Share Portion of the Closing Consideration and Escrow Amount to be distributed to Stockholders and Optionholders pursuant to the terms of the Escrow Agreement allocable to such Option, such Option shall be terminated for no consideration.
The Share Portion and the shares to be issued in connection with the exercise of the Warrant, when issued in accordance with the terms of this Agreement or the Warrant, as the case may be, will be validly issued, fully paid and non- assessable.
The Interest Share Amount will be determined by dividing the amount of the Share Portion set forth in Lxxxxx’s exercise notice by a price per share of Common Stock equal to ninety percent (90%) of the VWAP on the Trading Date immediately preceding the date of the exercise notice (the “Initial Interest Share Price”).
The quantity of Make Whole Shares will be determined by (y) dividing the amount of the Share Portion set forth in Lender’s exercise notice by the Make Whole Price, and (z) subtracting therefrom the Interest Share Amount.
For any Options for which the exercise price of such Option is greater than or equal to the Per Share Portion of the Final Residual Cash Consideration allocable to such Option, such Option will be terminated for no consideration.
The IDP Sellers are purchasing the shares included in the Share Portion for their own account and each IDP Seller has the present intention of holding such shares for investment purposes and not with a view to any public distribution of such shares in violation of any federal or state securities laws.
As of the date hereof, the authorized capital stock of Audiomonster consists of Fifty Million (50,000,000) shares of Common Stock, par value $.001 per share (the "Common Stock"), of which 13,805,000 shares of Common Stock have been validly issued and outstanding, fully paid and nonassessable (excluding the Share Portion of the Merger Consideration).