EIS Shares Clause Samples
The EIS Shares clause defines the terms under which shares are issued to investors in accordance with the Enterprise Investment Scheme (EIS), a UK government initiative that offers tax reliefs to investors in qualifying companies. This clause typically outlines the eligibility criteria for the shares, the process for obtaining EIS certification, and the obligations of the company to maintain EIS status, such as providing necessary information to HMRC and not breaching EIS rules. Its core practical function is to ensure that both the company and its investors can benefit from the tax advantages of EIS, while clearly setting out the responsibilities required to maintain compliance and avoid jeopardizing those benefits.
EIS Shares. ▇▇▇ confirms to the other Parties that it is the legal and beneficial owner of 2,388 shares of Preferred Stock of Newco (the "EIS Shares").
EIS Shares. 4.5.1 Each of Elan and EIS represent, warrant and confirm to the other Parties that:
(1) EIS is the legal and beneficial owner of the EIS Shares;
(2) EIS has good and valid title to all of the EIS Shares free and clear of all pledges, liens, encumbrances or other claims or charges; and
(3) EIS has the unrestricted power and authority to transfer the EIS Shares to Acorda in accordance with the terms of this Agreement.
4.5.2 For the avoidance of doubt, the Parties agree that the EIS Shares and the EPIL Shares represent all of the equity or securities of MS R & D to which Elan or any of its Affiliates was or, as of the Effective Date, is entitled to under any of the MS R & D Agreements.
EIS Shares. EIS represents and warrants to the other Parties that it is the legal and beneficial owner of 2,388 Preferred Shares (the "EIS SHARES").
EIS Shares. EIS confirms to the other Parties that it is the legal and beneficial owner of 2,388 shares of Newco Preference Shares (the “EIS Shares”).
EIS Shares. EIS confirms to the other Parties that it is the legal and beneficial owner of 2,388 Preference Shares (the “EIS Shares”).