Examples of Subordinated Shares in a sentence
Gehring to purchase 200,000 shares of Senior Subordinated Shares at an exercise price of $2.00 per share that vested over the six month period beginning on February 25, 2019 with an expiration date of February 25, 2029; and (ii) monthly compensation of $19,583 while providing services to the Company.
Distributions to the Investor in respect of the Subordinated Shares will be made by wire transfer of immediately available funds to the account specified in writing by the Investor to the Company.
The Investor has consulted, to the extent deemed appropriate by the Investor, with the Investor’s own advisors as to the financial, tax, legal and related matters concerning an investment in the Subordinated Shares and on that basis believes that an investment in the Subordinated Shares is suitable and appropriate for the Investor.
Without prejudice to the provided in Article 15.4, items (viii) and (ix) and Articles 16.12 to 16.14 above, shall be the responsibility of the holders of the majority of the Subordinated Shares, as established in Article 16.1, item (xiii) above, the approval of which shall depend, at first, on the affirmative votes of holders of the majority of the Subordinated Shares, and, following, on the affirmative votes of the majority of Subordinated Shares present.
Options granted after December 31, 2003 become exercisable as to 20% of the Subordinated Shares, on a cumulative basis, on the first five anniversary dates following the date of grant and will expire five and a half years thereafter.
OTC Bulletin Board on the last business day prior to such day, or (C) if the Subordinated Shares are not so listed or admitted to unlisted trading privileges on an exchange or on NASDAQ and bid and asked prices are not so reported, the Fair Market Value on a particular day shall be an amount determined in such reasonable manner as may be prescribed by the board of directors of the Company.
If Excel transfers or disposes of any Subordinated Shares during the Subordination Period, such shares held by the transferee shall remain Subordinated Shares subject to the terms and conditions of this Agreement.
According to the terms of the plan, a total of 1,000,000 Subordinated Shares can be granted.These options expire no later than 10 years after their date of grant.
The Subordinated Shares will not accrue any arrearages during the Subordination Period.
The Investor has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Subordinated Shares, and understands the risks of, and other considerations relating to, a purchase of Subordinated Shares.