Common use of INITIAL PERCENTAGE Clause in Contracts

INITIAL PERCENTAGE. The term "Initial Percentage" means the percentage of the Total Voting Power of the Company represented by the Voting Securities held by a Stockholder at the time of the consummation of the Company's initial public offering.

INITIAL PERCENTAGE. The term "Initial Percentage" means the percentage of the then Total Voting Power of the Company represented by the Voting Securities held by a Stockholder at the time of the consummation of the Company's initial public offering.