Initial Shareholding Clause Samples
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Initial Shareholding. Upon incorporation of the Company, the parties will subscribe for 100,000 Ordinary Shares which will be held as follows:
4.4.1 Yissum: 32,000 Ordinary Shares
4.4.2 YTF: 7,000 Ordinary Shares
4.4.3 Meytav: 61,000 Ordinary Shares of which 5,000 will be allocated to Meytav’s management, at least 8,400 will be allocated to the investors in the Supplementary Financing. Any Ordinary Shares not allocated to investors in the Supplementary Financing shall be held by Meytav in accordance with the Rules and Regulations.
Initial Shareholding. As of the Closing Date, Panasonic shall hold 14,700 Shares, which shall represent forty nine percent (49%) of the issued and outstanding Shares as of the Closing Date, and Tower shall hold 15,300 Shares, which shall represent fifty one percent (51%) of the issued and outstanding Shares as of the Closing Date.
Initial Shareholding. The issued share capital of the Company upon its incorporation shall be as follows:
Initial Shareholding. Each of the Shareholders shall own 4,900,000 shares of the Corporation's common stock. The parties have agreed that the Corporation shall issue 200,000 shares of its common stock to an affiliate of an entity in which the Corporation has a business relationship. Each party agrees that hereinafter their percentage ownership shall continue and no shares shall be issued unless each of the Shareholders shall acquire one half of such shares.
Initial Shareholding. 3.2.1 The initial equity participation in the Joint Venture Company, in accordance with its articles of association and current corporate records, is as follows: a) EDGM — 50.1% of the share capital and ordinary voting rights; b) BAIF (BLACKBERRY AIF) — 49.9% of the share capital and ordinary voting rights.
3.2.2 The Parties agree that, notwithstanding the percentage distribution of equity, all material decisions of the Joint Venture Company shall require unanimous approval of the equity holders, such that neither Party can unilaterally decide strategic or essential matters, as further established in Chapter 5 of this Agreement.
3.2.3 The equity interests shall be represented by shares or other capital instruments in accordance with the Joint Venture Company’s articles of association and Cayman Islands law. Each share shall carry economic and voting rights as established in the articles of association.