Stockholder Release definition

Stockholder Release shall have the meaning set forth in Section 12.1(m).

Stockholder Release means the release set forth in Article 9.5 of this Plan.

Stockholder Release has the meaning set forth in Section 4.3.

Examples of Stockholder Release in a sentence

• At the Closing, NewHoldCo shall cause to be wired to an account designated by Perfumania, $14,263,460 representing the Purchase Price for the Stock which shall be used by Reorganized Perfumania to make distributions of the Releasing Stockholder Consideration to former stockholders of Perfumania (other than NewHoldCo) who execute a Stockholder Release and, to the extent not all former stockholders execute the Stockholder Release, for general corporate purposes.

• Each Holder of an Interest in Perfumania, other than NewHoldCo, shall have the opportunity to receive the Releasing Stockholder Consideration by electing to provide the Stockholder Release, pursuant to the instructions provided in the Stockholder Release Form and in the Disclosure Statement.

• For the avoidance of doubt, NewHoldCo agrees to be bound by the Stockholder Release, but shall not receive the Releasing Stockholder Consideration.

• Holders of Interests in Perfumania shall receive no property under the Plan on account of such Interests.As set forth in Article 6.4, each Holder of an Interest in Perfumania, other than NewHoldCo, shall have the opportunity to receive the Releasing Stockholder Consideration in exchange for providing a Stockholder Release.

• The Surviving Corporation or one of its Subsidiaries, as applicable, shall pay or issue, as the case may be, to the former holders of In-the-Money Options the consideration described in this Section 2.3(a) on or as soon as reasonably practicable following the Closing Date through the Company’s payroll system; provided that the recipients thereof shall be required, as a condition of receiving such consideration, to execute a Stockholder Release.

More Definitions of Stockholder Release

Stockholder Release has the meaning set forth in Section 2.2(b)(i).

Stockholder Release means the release of claims executed by each holder ------------------- of Common Stock or Preferred Stock.

Stockholder Release has the meaning set forth in Section 1.8(a).

Stockholder Release has the meaning set forth in the recitals to this Agreement.

Stockholder Release means the release delivered by each Stockholder on the Closing Date pursuant to which each such Stockholder releases Xxxxxx and Xxxxxxxx from certain Liabilities described therein.

Stockholder Release has such meaning as set forth in Section 6.2(g).

Stockholder Release is defined in Section 9.5(a).