Examples of Stockholder in a sentence
The transferee shall take and hold the shares of Stock subject to this Agreement and to all the obligations and restrictions upon the Stockholder from whom the shares of Stock was acquired, and shall observe and comply with this Agreement and with such obligations and restrictions.
If the Corporation and the other Stockholders elect not to, or fail to, exercise their options to purchase the Transferred Stock and Remaining Stock, transferee shall become a party to this Agreement with respect to the Transferred Stock and shall execute a duplicate of this Agreement and the Transferring Stockholder shall continue to be subject to the terms of this Agreement with respect to the Remaining Stock in the same manner as if no involuntary transfer had been made.
In determining whether or not the Corporation shall exercise the First Option, the transferee shall vote the Transferred Stock and the Transferring Stockholder shall vote the Remaining Stock and the Transferring Stockholder and the transferee and the directors elected by them on the Board of Directors shall vote, as directed by a vote of the other Stockholders.
In determining whether or not the Corporation shall exercise the First Option, the Selling Stockholder shall vote the Offered Stock and the Selling Stockholder and the directors elected by the Selling Stockholder on the Board of Directors shall vote, as directed by a vote of the other Stockholders.
The first installment shall be paid by the Corporation or the purchasing Stockholders, as the case may be, to the transferee and Transferring Stockholder not later than ninety (90) days after the expiration of the Second Option Period.