Class B Common Shares. (a) Awards of Class B Common Shares (“Share Awards”), options to purchase Class B Common Shares (“Options”) and rights to receive Class B Common Shares (“RSUs”, and collectively with Share Awards and Options, “Equity Awards”) may be granted or issued, as applicable, on or after the Original Closing Date to Employee Members pursuant to the terms of a Share Grant Agreement and in accordance with the 2018/2019 Incentive Plan or any successor employee incentive plan.
Class B Common Shares. The term “Class B Common Shares” shall mean the 200,000,000 shares of Class B common stock authorized for issuance by the Company pursuant to its certificate of incorporation.
Class B Common Shares. For federal (and applicable state) income tax purposes, no Class B Common Shares shall be treated as outstanding limited liability company membership interests and holders that own only Class B Common Shares shall not be treated as Members.
Class B Common Shares. Prior to the Company's IPO, each holder --------------------- of Class B Common Shares will vote one third of the Class B Common Shares held by it. Thereafter, the provisions of the Company's Articles of Association shall govern.
Class B Common Shares. Beaudier will not transfer any Class B Common Shares, or any Class A Common Shares issued upon conversion of Class B Common Shares, to any Person (whether or not such transferee is Beaudier Group Investor) until the earliest of (i) the third anniversary of the Initial Public Offering, (ii) such time as the Xxxx Investors are no longer entitled to designate any members of the Board, or (iii) such time as Beaudier and its Affiliates no longer own any other Class A Common Shares. Such restriction shall be in addition to the other restrictions on transfer of Class B Shares under this Agreement.
Class B Common Shares. An offer will have been made to all of the --------------------- holders of the outstanding Class B common shares of PNG Products to purchase all such Shares at a price equal to the original cost ($4.45 per share) (excluding the 101,131 shares formerly held by X. Xxxxxx) and subject to compliance by the holders of Class B common shares as to the delivery with good and marketable title of certificates representing such shares, payment for the shares shall be made within 10 days after the Closing Date.
Class B Common Shares. At the Effective Time, simultaneously with the cancellation and extinguishment of the issued and outstanding Class B Common Units of Premier LP, Premier shall, without further consideration to or action by any Limited Partner or the Trustee under the Voting Trust Agreement dated October 1, 2013 by and among Premier, Premier LP, the holders of Class B Common Stock of Premier and Xxxxx Fargo Delaware Trust Company, N.A, cancel the issued and outstanding shares of Class B Common Stock, par value $0.000001 per share, of Premier beneficially held any Limited Partner immediately prior to the Effective Time.
Class B Common Shares. Subject to the terms and conditions of this Agreement, Exchangeco agrees to purchase at the Closing (as defined below) and the holders of the Company's Class B Common Shares (the "Class B Shareholders") agree to sell to Exchangeco at the Closing, all of the issued and outstanding Class B Common Shares in the capital of the Company (the "Class B Shares") in exchange for an aggregate purchase price of 36,378 Exchangeable Shares and 15,678 Shares of Parent Common Stock payable as provided in Section 1.6. Class B Shareholders who are residents of Canada shall receive Exchangeable Shares, and all other Class B Shareholders shall receive Parent Common Stock. The Exchangeable Shares and Parent Common Stock issued to the Class B Shareholders shall be referred to as the "Class B Consideration Shares." This Section 1.1(b) shall replace any rights that Class B Shareholders have under any Xentec Class B Shareholders' Agreements, including those dated January 28, 2000 and June 29, 2000.
Class B Common Shares. 2.1. VOTING RIGHTS - The holders of the Class B common shares, as such, shall not be entitled to receive notice of or to attend or vote at any meeting or meetings of the shareholders of the corporation.
Class B Common Shares. The Company and the Executive acknowledge that, as of the Effective Date, the Executive beneficially owns 44,965 shares of the Company’s Class B common stock (the “Class B Shares”). Subject to compliance with applicable securities laws, the Company will use commercially reasonable efforts (including, without limitation, converting the Class B Shares into shares of Class A common stock of the Company) to cause the Class B Shares to be released to a brokerage account of the Executive’s choosing following the Separation Date.
