IPO Directed Shares Sample Clauses
IPO Directed Shares. In the event of an initial public offering ("IPO") of shares of the Company's common stock, Executive will have an opportunity to participate in any directed share program made available to the Company by its underwriters to the same extent as other employees with positions similar to Executive who directly report to the Company's CEO and President.
IPO Directed Shares. To the extent permitted by applicable Laws and SEC policies, if the Company’s IPO is consummated after one year from the Closing (as defined in the Share Purchase Agreement), the Company shall use reasonable best efforts to cause the managing underwriter of the IPO to designate five percent (5%) of the Company’s offered Equity Securities or ADSs (and underlying Common Shares) in the IPO which shall be allocated by the Investors pro rata in accordance with their respective Purchase Price (as defined in the Share Purchase Agreement).
IPO Directed Shares. To the extent permitted by applicable Laws and SEC policies, if the Company’s IPO is consummated after one year from the closing of the issue and subscription of the first Series B Shares, the Company shall use reasonable best efforts to cause the managing underwriter of the IPO to designate five percent (5%) of the Company’s offered Equity Securities or ADSs (and underlying Common Shares) in the IPO which shall be allocated to the Series B Preferred Shareholders pro rata in accordance with their respective number of Series B Shares or Series B-1 Shares, as the case may be.