Continuing Shareholders Sample Clauses
The "Continuing Shareholders" clause defines which shareholders remain involved with a company after a significant event, such as the transfer or sale of shares. Typically, this clause identifies those shareholders who retain their shares and rights, distinguishing them from those who have exited or sold their interests. For example, in a buyout scenario, the clause clarifies which parties continue to hold voting rights and obligations under the shareholders' agreement. Its core function is to ensure clarity regarding the ongoing rights and responsibilities of shareholders, thereby preventing disputes and confusion following changes in ownership.
Continuing Shareholders. Each Continuing Shareholder shall have contributed to Holdco all Contribution Shares held by him, her or it in exchange for Holdco Units pursuant to the Contribution Agreement and the Letters of Transmittal.
Continuing Shareholders. Stev▇▇ ▇. ▇▇▇▇▇▇ ------------------------------------ Stev▇▇ ▇▇▇▇▇ ------------------------------------ Kevi▇ ▇▇▇▇ ------------------------------------ Kerr▇ ▇▇▇etbart THE BLIND TRUST UDT 3/26/93 By: --------------------------------- Name: Title: ------------------------------------ Warr▇▇ ▇▇▇▇▇▇ ------------------------------------ Will▇▇▇ ▇▇▇▇▇▇ 29 34
Continuing Shareholders. [INSERT DETAILS OF THOSE SHAREHOLDERS THAT WILL CONTINUE AS PARTIES TO THE JOINT VENTURE AGREEMENT]
Continuing Shareholders. If a Tag Along Notice is not given by one or more of the Minority Shareholder(s), the relevant Minority Shareholder(s) must continue to hold their Shares in the Company, and the transfer of the Shares of the Majority Shareholder will proceed in accordance with the Tag Along Notice subject to clause 23.
Continuing Shareholders. (i) Immediately prior to the Closing, each Continuing Shareholder shall have consummated the transactions contemplated by the Contribution Agreement, (ii) the Contribution Agreement shall be in full force and effect and (iii) the CK Contributed Share Percentage shall be not less than 25% and not greater than 50%.