Common use of Additional Key Holders Clause in Contracts

Additional Key Holders. In the event that after the date of this Agreement, the Company issues shares of Common Stock, or options to purchase Common Stock, to any employee or consultant, the Company may, as a condition to such issuance of shares or exercise of an option to purchase shares, cause such employee or consultant to execute a counterpart signature page hereto (or other joinder agreement acceptable to the Company) as a Key Holder, and such Person shall thereby be bound by, and subject to, all the terms and provisions of this Agreement applicable to a Key Holder. Notwithstanding the foregoing, the Company’s obligations under this Section 7.18 shall only relate to employees or consultants which, taking into account all shares of Common Stock held by such employee or consultant, hold one percent (1%) or more of the Company’s then outstanding Common Stock. The Company shall be permitted to cause any other holder of Common Stock to execute a counterpart signature page hereto (or other joinder agreement acceptable to the Company) as a Key Holder, and such Person shall thereby be bound by, and subject to, all the terms and provisions of this Agreement applicable to a Key Holder.

Appears in 3 contracts

Sources: Right of First Refusal and Co Sale Agreement (Mode Mobile, Inc.), Right of First Refusal and Co Sale Agreement (Mode Mobile, Inc.), Right of First Refusal and Co Sale Agreement (Mode Mobile, Inc.)