Vested Series A Preferred Stock definition

Vested Series A Preferred Stock means all shares of Series A Preferred Stock outstanding and held by an executive on the earliest of (i) a date specified in each Subscription Agreement; (ii) termination of employment as a result of death or disability; or (iii) a termination of employment under certain circumstances following a change of control.

Vested Series A Preferred Stock means all shares of Series A Preferred Stock outstanding and held by a holder on the earliest of (i) the fifth anniversary of the original issue date (the “Fifth Anniversary”); (ii) the date the applicable Initial Executive Holder’s employment with Coty UK terminates as a result of such Initial Executive Holder’s death or Disability; or (iii) the date of termination of such employment by Coty UK without Cause or by the Executive for Good Reason within 12 months following a Change in Control occurring after the first anniversary of the original issue date, provided that if on the Fifth Anniversary or (if earlier) the date referred to in (ii) or (iii) above the Initial Executive Holder and his Executive Affiliates have not made an aggregate investment of at least the Initial Number of Shares in Class A Common Stock none of the holder’s Series A Preferred Stock shall be Vested Series A Preferred Stock. Other capitalized terms not defined in this Agreement shall have the meanings ascribed to them under the Plan.

Vested Series A Preferred Stock means all shares of Series A Preferred Stock outstanding and held by a holder on the earliest of (i) the fifth anniversary of the original issue date (the “Fifth Anniversary”); (ii) the date the Subscriber’s death or Disability. Other capitalized terms not defined in this Agreement shall have the meanings ascribed to them under the Plan.

Examples of Vested Series A Preferred Stock in a sentence

• In case fewer than all the shares represented by any such certificate are to be exchanged, a new certificate shall be issued representing the shares not exchanged without cost to the holder thereof, except for any documentary, stamp or similar issue or transfer tax due because any certificates for shares of Class A Common Stock or Vested Series A Preferred Stock are issued in a name other than the name of the exchanging holder.

• No fractional shares of Class A Common Stock will be issued upon exchange of the Vested Series A Preferred Stock.

• The Contractor may invoice for each $[***] advance payment after Government concurrence is provided for the associated milestone requirements.

• The holders of shares of Series A Preferred Stock shall not have any right to exchange such shares into shares of any other class or series of securities of the Company until such time as such shares become Vested Series A Preferred Stock and then only as provided herein.

• Notwithstanding anything else to the contrary, within 30 Business Days following the date of a Change in Control, the Company shall have the right to exchange, upon notice to a holder, any Vested Series A Preferred Stock into the Preferred Net Value payable, at the sole option and election of the Company, either in cash, Class A Common Stock or Reference Property, as applicable, subject to the provisio contained in Section 2(b)(1).

• If more than one share of Vested Series A Preferred Stock is being exchanged at one time by the same holder, then the number of full shares issuable upon exchange, if so elected by the Parent, will be calculated on the basis of the aggregate number of shares of Vested Series A Preferred Stock exchanged by such holder at such time.

• The Parent shall pay any documentary, stamp or similar issue or transfer tax due on the issue of Class A Common Stock upon exchange or due upon the issuance of a new certificate for any shares of Vested Series A Preferred Stock not exchanged other than any such tax due because shares of Class A Common Stock or a certificate for shares of Vested Series A Preferred Stock are issued in a name other than the name of the exchanging holder.

• To the extent then still outstanding, the Parent shall have the right to redeem all, but not less than all, shares of Series A Preferred Stock at a redemption price equal to $0.01 per share, at the earliest of (i) on or after latest date prior to which Vested Series A Preferred Stock may be exchanged pursuant to Section 2(b)(1), and (ii) on or after the first (1st) anniversary following the termination of the relevant Initial Executive Holder’s employment due to death or Disability.

• The holders of shares of Series A Preferred Stock shall not have any right to exchange such shares into shares of any other class or series of securities of the Parent until such time as such shares become Vested Series A Preferred Stock and then only as provided herein.

• If more than one share of Vested Series A Preferred Stock is being exchanged at one time by the same holder, then the number of full shares issuable upon exchange, if so elected by the Company, will be calculated on the basis of the aggregate number of shares of Vested Series A Preferred Stock exchanged by such holder at such time.