Founder Stock Sample Clauses

Founder Stock. Executive shall be granted 16,000 shares of the Company’s common stock (of 100.000 shares currently authorized of which 75,000 shares have been issued), representing Founder Stock in consideration for payment of $16.00 and the Executive’s contributions towards the establishment of the Company. Executive’s Founder Shares. Said Founder Stock shall be issued to Executive within 60 (sixty) days of the date of execution of this Agreement. Ownership of the Founder Stock is subject to the following conditions during the 36 month term of this Agreement:
Sample 1See All (6)
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Founder Stock. The shares of Founder Stock deliverable to Partner Company Stockholder pursuant to this Agreement have been duly authorized, and, upon issuance in accordance with this Agreement, will be validly issued, fully paid and nonassessable.
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Founder Stock. Executive shall be entitled to retain his founder's stock, subject to the following terms:
Sample 1Sample 2
Founder Stock. Wilfried Vancraen is the owner of 300.000 founder stock of the Company, which do not represent part of the share capital of the Company and have the rights attached to the stock as detailed in article 5bis (voting rights) and 28 (dividend rights) of the Articles.
Sample 1
Founder Stock. Until the Company's initial public offering or the consummation of a transaction which qualifies as a Change of Control, no Founder shall sell or transfer any shares of the Company held by such Founder without the prior written consent of the Investor, other than (i) transfers made for bona fide estate planning purposes, either during such Founder’s lifetime or on death by will or intestacy to his or her spouse, child (natural or adopted), or any other direct lineal descendant of such Founder and (ii) following the 3-year anniversary of the date hereof, 10% of such Founder's holdings in the Company per year, and not more than 25% in the aggregate. Without limiting the foregoing, the shares of the Company held by each Founder shall be subject to reverse vesting over a period of 4 years with single trigger acceleration on a Change of Control in accordance with repurchase agreements in customary form approved by the Investor to be entered into between the Company and the Founders on or about the date hereof. Until the Equity Financing, the Company shall not, without the prior written consent of the Investor, enter into or amend any transaction or agreement with a Founder of the Company or relative thereof, or any entity in which any of the foregoing has a material interest. “Founder” will be deemed to include any employee, consultant or officer of the Company who holds on the date hereof, or after the date hereof receives, on a cumulative basis and in one or more issuances, any Common Stock of the Company or convertible securities, rights, options or warrants to purchase Common Stock, equal to or exceeding 10% in the aggregate of the Company’s fully diluted capital stock (assuming full conversion or exercise of all outstanding convertible securities, rights, options and warrants and including any unallocated shares reserved for issuance under any equity incentive or similar plan of the Company).
Sample 1
Founder Stock. Partner Company Stockholder shall be entitled to acquire up to $4,400,000 in aggregate purchase price of shares of Founder Stock in the IPO at the IPO Price, less underwriting discount, which shares shall be registered pursuant to the Registration Statement.
Sample 1

Related to Founder Stock

  • Founder Shares In April 2021, the Company issued to CCIF Global LLC, a Delaware limited liability company (the “Sponsor”), an aggregate of 4,312,500 Class B ordinary shares of the Company, par value $0.0001 per share, for an aggregate purchase price of $25,000 (the “Founder Shares,” and together with the Class A Shares, collectively, the “Ordinary Shares”), in a private placement exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”). No underwriting discounts, commissions, or placement fees have been or will be payable in connection with the purchase of Founder Shares. Except as described in the Registration Statement, none of the Founder Shares may be sold, assigned or transferred by the Sponsor until the earlier of (a) one year following the consummation of the Business Combination, (b) following the consummation of the Business Combination, the last sale price of the Class A Shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after our initial business combination, and (c) the date following the consummation of the Business Combination on which the Company consummates a liquidation, merger, stock exchange or similar transaction which results in all of the Company’s public shareholders having the right to exchange their Ordinary Shares for cash, securities, or other property. The Founder Shares shall be subject to restrictions on transfer as set forth in the Insider Letters (as defined below). The holders of Founder Shares shall have no right to any liquidating distributions with respect to any portion of the Founder Shares in the event the Company fails to consummate the Business Combination. The holders of the Founder Shares shall not have redemption rights with respect to the Founder Shares. In the event that the Over-allotment Option is not exercised in full, the Sponsor will be required to forfeit such number of Founder Shares such that the Founder Shares then outstanding will comprise 20% of the issued and outstanding Ordinary Shares (but not including any Private Placement Securities (as defined below)) after giving effect to the Offering and exercise, if any, of the Over-allotment Option. The Founder Shares will automatically convert into Class A Shares concurrently with the consummation of the Business Combination on a one-for-one basis, subject to adjustment as described in the Prospectus.

  • Initial Shares The Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative may request upon at least forty-eight hours’ prior notice to the Company, shall be delivered by or on behalf of the Company to the Representative, including, at the option of the Representative, through the facilities of The Depository Trust Company (“DTC”) for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative by the Company upon at least forty-eight hours’ prior notice. The Company will cause the certificates representing the Initial Shares to be made available for checking and packaging at least twenty-four hours prior to the Closing Time (as defined below) with respect thereto at the office of the Representative, 0000 00xx Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx 00000, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on the third (fourth, if pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representative and the Company). The time at which such payment and delivery are actually made is hereinafter sometimes called the “Closing Time” and the date of delivery of both Initial Shares and Option Shares is hereinafter sometimes called the “Date of Delivery.”

  • Common Shares 4 Company...................................................................................... 4

  • Forfeiture of Founder Shares To the extent that the Underwriters do not exercise their option to purchase additional Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal of 20% of the sum of the total number of Ordinary Shares and Founder Shares outstanding at such time. The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of Ordinary Shares and Founder Shares outstanding at such time.

  • Shares The term “

  • Common Stock 1 Company........................................................................1

  • Class B Shares As of December 1, 2009, Class B shares of the Virtus Mutual Funds are no longer available for purchase by new or existing shareholders, except for the reinvestment of dividends or capital gains distributions into existing Class B share accounts, and for exchanges from existing Class B share accounts to other Virtus Mutual Funds with Class B shares.

  • Series A Preferred Stock On the Closing Date, each Subscriber shall purchase and the Company shall sell to each such Subscriber, the number of shares of Preferred Stock designated on such Subscriber’s signature page hereto for such Subscriber’s Purchase Price indicated thereon.

  • Stock Splits, Stock Dividends, etc In the event of any issuance of Shares of the Company’s voting securities hereafter to any of the Stockholders (including, without limitation, in connection with any stock split, stock dividend, recapitalization, reorganization, or the like), such Shares shall become subject to this Agreement and shall be endorsed with the legend set forth in Section 7.12.

  • Ordinary Shares The Ordinary Shares included in the Units have been duly authorized and, when issued and delivered against payment for the Offered Securities by the Underwriters pursuant to this Agreement and registered in the Company’s register of members, will be validly issued, fully paid and non-assessable. The holders of such Ordinary Shares are not and will not be subject to personal liability by reason of being such holders; such Ordinary Shares are not and will not be subject to any preemptive or other similar contractual rights granted by the Company.

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