Common use of Initial Stock Payment Clause in Contracts

Initial Stock Payment. Within 30 days after the Closing Date, Zanett shall issue and deliver to each of the Sellers a certificate, registered in the name of such Seller, representing a number of shares of Zanett Stock equal to fifty percent (50%) of the Initial Stock Payment.

Initial Stock Payment. Within 30 15 days after the Closing Date, Zanett shall issue and deliver to each of the Sellers Equity Holder a certificate, registered in the name of such SellerEquity Holder, representing a number of shares of Zanett Stock equal to fifty percent (50%) such Equity Holder’s Pro Rata Percentage of the Initial Stock Payment.