Terminated Stockholder definition

Terminated Stockholder has the meaning set forth in Section 3J.
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Terminated Stockholder means any Employee Stockholder upon the termination of employment or consulting relationship of such Stockholder.
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Terminated Stockholder has the meaning set forth in Section 2.12(a).
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Examples of Terminated Stockholder in a sentence

  • The Terminated Stockholder shall promptly remit any certificates duly endorsed in blank or with stock powers.

  • Notwithstanding the provisions of Paragraph 7(b) of this Article VII, the Board of Directors in its discretion and with due regard for the financial condition and requirements of the Corporation, may authorize and cause payment in cash for all or part of the redemption price which would otherwise be paid by a note if the Board of Directors determines that the prescribed method of payment imposes an undue hardship upon the Terminated Stockholder.

  • The purchase of the Repurchase Shares shall be deemed to have occurred upon delivery of the Repurchase Price, notwithstanding any failure by the Terminated Stockholder to deliver share certificates representing the Repurchase Shares or any dispute regarding the Repurchase Price.

  • Upon delivery of the Notice of Repurchase, the Terminated Stockholder shall promptly transfer and deliver to the Company the number of Repurchase Shares specified in the Notice of Repurchase, and the Company shall pay the Repurchase Price for such Repurchase Shares in cash or immediately available funds within ten (10) days of delivery of the Repurchase Shares.

  • If a Terminated Stockholder (as hereinafter defined) elects to exercise his/her Put Right, the Terminated Stockholder shall deliver written notice of such intention to the Company (the "Put Notice") on or prior to the date that is nine months following the date on which the Terminated Stockholder's employment with the Company was terminated (such nine-month period shall be the "Put Period").

  • The purchase price of the Terminated Employee Shares shall be determined in accordance with and payable in accordance with Section 6.4. The Remaining Stockholders shall exercise their option by giving written notice (the "Terminated Employee Notice") to the Terminated Stockholder or Family Member owning the Terminated Employee Shares, as applicable (in either case, the "Terminated Stockholder's Representative"), with copies to the Company and the other Remaining Stockholders.

  • The 25% Share Value shall be 25% of the Fair Market Value of the Company's Equity Securities determined as of the end of the calendar month immediately preceding the month in which the Terminated Stockholder was terminated, divided by the number of Equity Securities then outstanding.

  • If the amount of the 25% Share Value for any Terminated Employee Shares is not determined in accordance with Section 6.4(a), for any reason, within one hundred twenty (120) days following the termination of the Terminated Stockholder, the Terminated Stockholder may petition a court to determine the fair value of the Terminated Employee Shares and 25% of the fair value so determined shall be the 25% Share Value of such Terminated Employee Shares hereunder.

  • The Company or the Terminated Stockholder, as the case may be, shall pay the difference between the value determined by the Board and the value finally determined by the investment bank.

  • If the Repurchase Price as finally determined by such investment bank is less than 115% of the Repurchase Price determined by the Board, the Terminated Stockholder shall pay the fees of such investment bank.

Related to Terminated Stockholder

  • Company Stockholder means the holder of either a share of Company Common Stock or a share of Company Preferred Stock.

  • 10% Stockholder means the owner of stock (as determined under Code Section 424(d)) possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Corporation (or any Parent or Subsidiary).

  • Common Stockholder means the employee of, consultant to, or director of the Company or other person to whom shares of Common Stock are issued pursuant to this Plan.

  • Other Stockholder means the persons that own Common Stock, other than the Participant.

  • Parent Stockholders means the holders of Parent Common Stock.

  • Eligible Stockholder means a person who has either (1) been a record holder of the shares of common stock of the Corporation used to satisfy the eligibility requirements in Section 3.2(d) continuously for the required three-year period or (2) provides to the Secretary of the Corporation, within the time period referred to in Section 3.2(e), evidence of continuous Ownership of such shares for such three-year period from one or more securities intermediaries.

  • Eligible Shareholder means an existing or new investor of the Company that is eligible at the ACD’s discretion to invest in the Class X Shares upon entering into an agreement with the ACD and fulfilling the eligibility conditions set by the ACD from time to time.

  • Management Stockholder shall have the meaning set forth in the introductory paragraph.

  • Participating Stockholder means a “Participating Stockholder” under the HBB Stockholders’ Agreement, HY Stockholders’ Agreement and NACCO Stockholders’ Agreement, to the extent the Partnership owns HBB Class B Shares, HY Class B Shares or NACCO Class B Shares. A Partner shall cease to be a Participating Stockholder under this Agreement and shall be deemed to be a Former Partner immediately prior to any event or lapse of time that causes such Partner to no longer be a “Participating Stockholder” under such applicable stockholders’ agreements.

  • Major Stockholder means any such Person.

  • Class B Stockholder means (i) the registered holder of a share of Class B Common Stock at the Effective Time and (ii) the initial registered holder of any shares of Class B Common Stock that are originally issued by the Corporation after the Effective Time.

  • Company Shareholder means a holder of one or more Company Shares;

  • Management Stockholders means the members of management of Holdings or any of its Subsidiaries who are investors in Holdings or any direct or indirect parent thereof.

  • Principal Stockholder means, collectively, (i) the Sponsor and (ii) any affiliate or successor of a person referenced in clauses (i) and (ii) of this definition.

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Company Optionholder means a holder of Company Options.

  • Interested Stockholder means, in respect of any business combination, any person (other than the Corporation or any Subsidiary) who or which as of the record date for the determination of stockholders entitled to notice of and to vote on such business combination, or immediately prior to the consummation of any such transaction:

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of immediately prior to the Effective Time or will vest solely as a result of the consummation of the Merger.

  • Parent Stock Plan has the meaning set forth in Section 6.2(a).

  • Founder means, in respect of an issuer, a person who,

  • Existing Shareholder means any Person that is a holder of Ordinary Shares as of December 8, 2017.

  • Company Stockholders means the holders of shares of Company Capital Stock.

  • Option Holder means a Person or Entity who holds an unexercised and unexpired Option or, where applicable, the Personal Representative of such person.

  • Shareholder means a person who owns shares in the company and is actively involved in the management of the enterprise or business and exercises control over the enterprise.

  • Parent Stock Plans has the meaning set forth in Section 4.5(a).

  • 10% Shareholder means a person who owns, directly or indirectly, stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary of the Company. Indirect ownership of stock shall be determined in accordance with Code Section 424(d).