Examples of Investor Stock in a sentence
Additionally, the Founder Member shall have veto rights over all votes until over 50% of his Class C Investor Stock has been redeemed by the Cooperative.
The Founder Member is not subject to removal as a Member until over 50% of his Class C Investor Stock has been redeemed by the Cooperative.
Within one-hundred and twenty (120) days after the effective date of the Member's withdrawal or termination, the Cooperative shall consider distributing to the Member the Terminated Patron Membership Redemption Price, either in cash, by issuing a promissory note, converting to Investor Stock, or some combination thereof, to be decided in the sole discretion of the Board.
If Investor Stock comprises part of the consideration paid by the Stock Purchaser, the Stock Purchaser is required to establish a commission-free purchase or sales program which will allow Mutual Members who receive a small number of shares of Investor Stock to ‘‘round up’’ such shares or sell such shares free of sales commissions.
Such notice shall indicate the number of shares of Investor Stock up to that number of shares determined under Section 2.4(b) such Investor wishes to sell under his or her right to participate.