Examples of Tag-Along Shares in a sentence
Subject to the terms and conditions set forth in this Section 4.1, the total number of Tag-Along Shares that the Xxxxxxx Group shall be entitled to sell with respect to any transaction referenced in any Tag-Along Notice may be allocated among the members of the Xxxxxxx Group in any manner in which they agree among themselves.
In the event that you become a Tag-Along Stockholder pursuant to Section 4.4 of the Stockholders Agreement, any Shares issuable in respect of vested Options held by you whether or not exercised (including any Options that would vest as a result of the consummation of the Transfer to the Proposed Transferee) shall, at your sole discretion, be Tag-Along Shares and shall constitute Shares Beneficially Owned by you for purposes of determining your Tag-Along Pro Rata Portion.
The Xxxxxxx Group shall be entitled to exercise the tag-along right under this Section 4.1 only with respect to issued and outstanding Tag-Along Shares held by participating members of the Xxxxxxx Group and shall not be entitled to exercise such right with respect to any Eligible Shares underlying any unexercised Rights.
The Tag-Along Notice shall state the number of Tag-Along Shares that the Tag-Along Stockholder wishes to include in such Transfer to the Transferee, which number may exceed the total number of Transfer Shares proposed to be transferred but which may not exceed the total number of shares of Company Stock owned or controlled by the Tag-Along Stockholder.
Such notice (the "Tag-Along Notice") shall set forth the terms and conditions of such proposed Transfer, including the name of the proposed transferee, the number of shares proposed to be transferred by the Tag-Along Initiator (the "Tag-Along Shares"), the purchase price per share proposed to be paid therefor and the payment terms and type of transfer to be effectuated.