Payment of Shares definition

Payment of Shares means the declared share having par value and serve members as precondition for membership paid prescribed in cash or in kind;
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Payment of Shares has the meaning set forth in Section 2(b).
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Payment of Shares. Certificates representing vested shares shall be issuable immediately upon vesting. Except as otherwise provided in the Employment Agreement or the Plan, unvested shares will be forfeited upon Xxxxxxx's termination of employment. Termination of See Section [ ] of the Employment Agreement. Employment
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Examples of Payment of Shares in a sentence

  • Payment of shares as mentioned above or payment of shares in other cases, such as an increase of capital under Article 110 of this law, shall be made in cash and it is prohibited to set off debts with the limited company, unless a special resolution of the shareholders’ meeting is passed.

  • Payment of shares in dispute may only be postponed again, if legal action has actually been taken.

  • Payment of Shares before Enterprise Registration Payment of shares before enterprise registration is the payment of shares following the incorporation meeting stipulated in item 5 of Article 86 of this law.In such case of payment of shares, the subscribers shall pay in full if it is in kind and at least seventy percent of the value of subscribed shares if it is in cash.

  • Article 34 (1) Payment of shares capital may be made in the form of money and/or in other forms.

  • Payment of shares placed by Company shall be done with the use of monetary funds, securities, the other assets, property either the other rights having monetary value.

  • Chasel has paid in full all royalties for production through the end of September 2019, but Petitioners have not received any royalty payments from Chasel for the period of October 2019 to the present.Pursuant to the Flying J Settlement, EPE provides documentation to Chasel that allows Chasel to calculate his portion of the amount owed to Petitioners.

  • Payment of shares may not be done by offsetting of claims towards the joint stock company.

  • PART 123—ALASKA NATIVE FUNDSec.123.1 Scope and purpose.123.2 Definitions.123.3 Payment of shares of the Fund in the absence of recognition of an assignment.123.4 Recognition of assignments.123.5 Register of recognized assignments.123.6 Sub-assignment.123.7 Multiple assignments.123.8 Disclaimer.123.9 Cancellation of assignments.123.10 Decision; finality.AUTHORITY: Secs.

  • Payment of shares in cash issued following a share capital increase shall be undertaken pursuant to legislative and regulatory terms and conditions in force, as well as decisions taken by general meetings and the Company’s board of directors.

  • Applications received after that date will be denied for failure to file in time regardless of whether the applicant otherwise meets the requirements for enrollment.(3) Payment of shares will be made in accordance with parts 87 and 115 of this chapter.(z) Samish Tribe of Indians.

Related to Payment of Shares

  • class of Shares refers to the division of Shares into two or more classes as provided in Article III, Section 1 hereof;

  • principal class of shares means the class or classes of shares representing a majority of the voting power and value of the company;

  • Preferred Stock Dividends means all dividends with respect to Preferred Stock of Restricted Subsidiaries held by Persons other than the Company or a Wholly Owned Restricted Subsidiary. The amount of any such dividend shall be equal to the quotient of such dividend divided by the difference between one and the maximum statutory federal income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of such Preferred Stock.

  • Shares means the interests of Shareholders corresponding to the redeemable securities of record issued by the Fund under the Investment Company Act of 1940 that are held by the Intermediary.

  • Common Stock Dividend means a stock dividend declared and paid on the Common Stock that is payable in shares of Common Stock.

  • Stock Dividend has the meaning set forth in Section 5(a)(i)(A).

  • Maximum Common Stock Issuance shall have the meaning specified in Section 2(H).

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • annual cash dividend means cash dividends paid in any fiscal year of the Corporation to the extent that such cash dividends do not exceed, in the aggregate, the greatest of:

  • Resolution of Shareholders means either:

  • Stock means, with respect to any corporation, capital stock and, with respect to any other entity, any equity interest.

  • Share Payment means (a) a payment in the form of Shares, or (b) an option or other right to purchase Shares, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted pursuant to Article 8.

  • Common Stock Consideration has the meaning set forth in Section 1.6(b).

  • Qualifying Preferred Stock means non-cumulative perpetual preferred stock of the Corporation that (a) ranks pari passu with or junior to all other preferred stock of the Corporation, and (b) either (x) is subject to a Qualifying Replacement Capital Covenant or (y) is subject to Intent-Based Replacement Disclosure and has a provision that prohibits the Corporation from paying any dividends thereon upon its failure to satisfy one or more financial tests set forth therein, and (c) as to which the transaction documents provide for no remedies as a consequence of non-payment of dividends other than Permitted Remedies.

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

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

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

  • Early Preference Share Redemption Event means the event that occurs if:

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.00001 per share.

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

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • Preferred Stock Equivalents shall have the meaning set forth in Section 11(b) hereof.

  • Cash Dividend means (i) any Dividend which is to be paid or made in cash (in whatever currency), but other than falling within paragraph (b) of the definition of “Spin-Off” and (ii) any Dividend determined to be a Cash Dividend pursuant to paragraph (a) of the definition of “Dividend”, and for the avoidance of doubt, a Dividend falling within paragraph (c) or (d) of the definition of “Dividend” shall be treated as being a Non-Cash Dividend.

  • Series A Preferred Shares means the Series A 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.

  • Series A Stock means the Company's Series A Convertible Redeemable Preferred Stock, par value $.005 per share.

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