Common use of Distributions on Liquidation Clause in Contracts

Distributions on Liquidation. Upon exercise of this Grant, your right to participate in distributions upon liquidation will be limited to a pro-rata distribution based on the number of shares that are no longer subject to the Company's Cancellation Rights.

Appears in 3 contracts

Samples: Merger Agreement and Plan of Reorganization (Celsius Holdings, Inc.), Merger Agreement and Plan of Reorganization (Celsius Holdings, Inc.), Horn Stock Grant Agreement (Celsius Holdings, Inc.)

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Distributions on Liquidation. Upon exercise of this Grant, your Your right to participate in distributions upon liquidation will be limited to a pro-rata distribution based on the number of shares that are no longer subject to the Company's ’s Cancellation Rights.

Appears in 1 contract

Samples: Stock Grant Agreement (Celsius Holdings, Inc.)

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