First Option Shares definition

First Option Shares. Means the number of shares in GA shown in the Schedule as due to be issued to The Shareholder on the First Anniversary of the Stock Purchase Agreement

First Option Shares shall have the meaning provided in Section 2.

First Option Shares has the meaning specified in Section 2.1 of this Agreement.

Examples of First Option Shares in a sentence

• Wedding gifts: Wedding gifts from an individual other than a lobbyist as defined in Chapter 12.12.(Ords.

• In the event that any of the Grantors is in default under the First Call Option and fails to transfer the First Option Shares or any interest therein the defaulting Grantor hereby irrevocably and unconditionally grants to the Optionee a power of attorney with full power to execute, complete and deliver, in the name and on behalf of the Optionee, transfers of the First Option Shares to the Optionee and do all things necessary in order to achieve First Option Completion.

• In consideration of the grant of the First Put Option in accordance with clause 2.2 and for the additional consideration set out in Clause 4, the Grantors hereby grant to the Optionee an option to require the Grantors to sell to the Optionee the First Option Shares on the terms (including price) set out in this Agreement.

• All rights and entitlements attaching to the First Option Shares shall accrue to the Optionee as and from the First Option Completion Date.

• Within seven days after receipt by the Company of such notice and payment, the Company shall issue the First Option Shares in the name of the Optionee and deliver the certificates therefor to the Optionee.

More Definitions of First Option Shares

First Option Shares means the 21,904 “A” Ordinary Shares of €0.001 each held by the Grantors in the numbers as outlined in Schedule 1, subject to any changes thereto arising out of the transfer of any First Option Shares or Second Option Shares by any Employee Grantor to Xxxxxx Xxxxxxx or the transfer of the First Option Beneficial Shares to the Beneficial Grantor

First Option Shares means the beneficial interest in the 158,417 B Ordinary Shares of €0.0001 each in the capital of the Company as is set out in column C of Schedule 1 (together with any other shares, stock or securities relating thereto referred to in clause 8);

First Option Shares is defined in Section 3(a).

First Option Shares as used in this Agreement also refers to the shares, if any, which are issued to the Manager pursuant to the exercise of the First Option. The First Option Purchase Price and the number of First Option Shares are subject to appropriate adjustment in the event of any stock split, stock combination (reverse stock split) or stock dividend of or on the outstanding shares of MPS Common Stock. By way of example, if the Company were to effect a two-for-one split of MPS Common Stock, the number of First Option Shares (i.e., shares, if any, subject to the First Option) would be doubled and the First Option Purchase Price would be changed to Eight Hundred Fifty Dollars ($850). By way of additional example, if the Company were to effect a one-for-five reverse stock split, the number of First Option Shares (i.e., shares, if any, subject to the First Option) would be changed to one-fifth of such number and the First Option Purchase Price would be changed to Eight Thousand Five Hundred Dollars ($8,500).

First Option Shares has the meaning given such term in the Option Agreement.

First Option Shares means 250,000 Common Shares, as the same may be adjusted from time to time as provided in Article 3;

First Option Shares means, collectively, (i) the number of shares representing an 80% undivided interest in SVL Minerals or Newco, as applicable, (ii) the La Joya Nominee Share or one share in the capital of Newco, to be acquired by Silver Dollar and the SD Nominee Shareholder, respectively, upon the exercise of the First Option;