Tranche 3 Shares definition

Tranche 3 Shares has the meaning assigned thereto in the Restricted Stock Award and Special Bonus Agreement.
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Tranche 3 Shares means such number of shares of Preferred Stock as shall equal (i) $150,000, divided by (y) the Tranche 3 Shares Exercise Price in effect from time to time; in all cases subject to adjustment from time to time in accordance with the provisions of this Warrant.
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Tranche 3 Shares has the meaning set forth in the preamble.
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Examples of Tranche 3 Shares in a sentence

  • In addition, upon an Exit Event, any and all outstanding Tranche 2 Shares and Tranche 3 Shares that have not previously vested and do not vest as a result of the Exit Event shall be automatically and immediately forfeited following such Exit Event, all as provided for in Section 6 of this Agreement.

  • This Warrant shall be exercisable for the Tranche 1 Shares, the Tranche 2 Shares and the Tranche 3 Shares.

  • Tranche 3: Payment of USD 2.0 million (" Third Tranche Payment") to be made on or before December 17, 2010 (“Third Closing Date”), through wire transfer to the account of the Company for subscription of 1,386,926 equity shares of INR 10 each ("Tranche 3 Shares"), subject however, to compliance of Conditions Precedent set out herein for subscription of Tranche 3 Shares.

  • For example, if, following an Initial Public Offering, the Tranche 3 Investor IRR Vesting Percentage is equal to 100%, but only 25% of the Tranche 3 Shares have become eligible to vest, then the remaining 75% of the Tranche 3 Shares would vest over three years as they become eligible to vest, subject only to the continued employment of the Grantee, but without regard to any subsequent decline in the Market Value or the Investor IRR measured at a subsequent Change of Control.

  • Tranche 3 shall consist of 1,250,000 shares of the Series B Preferred Stock at a purchase price of $2.00 per share (the "Tranche 3 Shares").

  • Upon a Change of Control, the Tranche 2 Shares and Tranche 3 Shares will vest to the extent provided in Section 6 below.

  • Any unvested Time-Vesting Tranche 3 Shares and unvested Time-Vesting Tranche 4 Shares that do not vest as a result of the preceding sentence will be forfeited immediately, automatically and without consideration on the date of your termination.

  • Subject to Applicable Law, in all three cases mentioned above, Superior shall be paid a price in USD that is not less than the amount Superior paid for such Tranche 3 Shares.

  • The Company and the Partnership approved a modification to the vesting terms applicable to 24,041 Shares of your Tranche 3 Performance Shares (“Time-Vesting Tranche 3 Shares”) and 11,503 Shares of your Tranche 4 Performance Shares (“Time-Vesting Tranche 4 Shares” and, collectively with the Time-Vesting Tranche 3 Shares, the “Additional Time-Vesting Shares”) in order to allow such Shares to be eligible to vest earlier than they otherwise may have vested under the terms of the Restricted Stock Agreement.

  • The Company and the Partnership approved a modification to the vesting terms applicable to 45,958 Shares of your Tranche 3 Performance Shares (“Time-Vesting Tranche 3 Shares”) and 17,186 Shares of your Tranche 4 Performance Shares (“Time-Vesting Tranche 4 Shares” and, collectively with the Time-Vesting Tranche 3 Shares, the “Additional Time-Vesting Shares”) in order to allow such Shares to be eligible to vest earlier than they otherwise may have vested under the terms of the Restricted Stock Agreement.


More Definitions of Tranche 3 Shares

Tranche 3 Shares. During the Grantee’s Employment, the Restricted Stock shall vest as follows:
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Tranche 3 Shares has the meaning set forth in Section 3.1(c)(ii)(C).
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Tranche 3 Shares means 200,000 shares of Common Stock (as may be adjusted pursuant to Section 6), which shall become exercisable upon such date as the FDA Funding Percentage is greater than or equal to 48%.
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Tranche 3 Shares. (collectively with the Tranche 1 and Tranche 2 Shares, the “Performance Shares”). The Performance Shares shall be subject to the performance-based vesting terms and conditions set forth in Section 2.1.
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Related to Tranche 3 Shares

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class B Common Shares means (x) the Company’s Class B Common shares, $0.002 par value per share, the terms of which may be designated by the board of directors of the Company in a certificate of designations and (y) any share capital into which such preferred shares shall have been changed or any share capital resulting from a reclassification of such preferred shares (other than a conversion of such preferred shares into Common Shares in accordance with the terms of such certificate of designations).

  • Class A Common Shares means shares of the Class A Common Stock, par value $.01 per share, of the Company.

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • A Shares means a participating share of no par value in the capital of the Fund, denominated in US Dollars;

  • Class A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Class A Shares means Class A ordinary shares, par value US$0.0001 per share, in the share capital of the Company.

  • Class A Ordinary Share Value means, as of the close of business on the day preceding the date, the volume weighted average trading price of the Class A Ordinary Shares on all trading platforms or trading systems on which the Class A Ordinary Shares are being traded over the forty-five (45) trading days then ended, provided, that if the total aggregate trading volume over such 45-trading-day period is less than 5% of the public float, such period shall be extended to the ninety (90) trading days then ended, provided, further, if the total aggregate trading volume over such 90-trading-day period is less than 5% of the public float, the holder of the Class B Ordinary Shares shall request that the Board obtain an appraisal of the value of the Class A Ordinary Shares from one or more independent nationally-recognized third party appraisal companies and such appraisal shall constitute the Class A Ordinary Share Value.

  • Class C Shares means the shares of Class C common stock of the Company.

  • Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of the Company.

  • Class A Common Stock means the Class A common stock, par value $0.01 per share, of the Company.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Series B Common Stock means the Series B Common Stock, par value $0.01 per share, of the Company.

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • Class A Preferred Stock means the Class A Preferred Stock of the Company, par value $0.0001 per share.

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

  • Class D Common Stock means the Class D Common Stock, par value $0.01 per share, of the Company.

  • Class A Stock means the Company's Class A Common Stock, par value $0.01 per share.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.0001 per share.

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Class C Common Stock means the Class C Common Stock, par value $0.01 per share, of the Company.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.