Common use of Founder Stock Clause in Contracts

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.

Founder Stock. The shares of Founder Stock deliverable to each 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.

Founder Stock. The shares Each share of Founder Stock deliverable to Partner Company Stockholder pursuant to this Agreement Partner Company Stockholder’s exercise of his rights under Section 2.7, if so exercised, have been duly authorized, and, upon issuance in accordance with this Agreementreceipt by Founder of the IPO Price, will be validly issued, fully paid and nonassessable.

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.