New Stock Sample Clauses

New Stock. (i) New Stock Grant or Stock Options. On or before August 30, 2012, the Company will issue to the Employee (A) an immediately exercisable stock option to purchase up to Two Million Four Hundred Thousand (2,400,000) restricted shares of the Company’s common stock, subject to appropriate and proportionate adjustments for stock dividends, stock splits and other subdivisions and combinations of, and recapitalizations and like occurrences with respect to, the Company’s common stock (the “New Stock”), at a per share exercise price equal to nine Cents ($0.09) per share, subject to appropriate and proportionate adjustments for stock dividends, stock splits and other subdivisions and combinations of, and recapitalizations and like occurrences with respect to, the Company’s common stock (the “Option”), (B) an award of up to such number of restricted shares of New Stock (the “Award”) or (C) a combination of the Option and the Award with respect to, in total, such number of restricted shares of New Stock, as elected by the Employee. The Option and the Award, as applicable, shall be subject to the terms and provisions of the Company’s 2004 Equity Incentive Plan (as amended, the “Plan”) and to the Employee’s execution of a restricted stock agreement and/or a non-qualified stock option agreement which is substantially in the form customarily used by the Company with respect to the issuance of restricted stock or non-qualified stock options, as applicable, under the Plan to the Company’s employees and which contains additional terms not inconsistent with this Section 4.3 or the Plan that are determined to be appropriate by the Board. Shares of New Stock issued pursuant to the Award will be subject to a lapsing right of repurchase by the Company at the original price, if any, paid for such New Stock, which repurchase right will lapse in accordance with the vesting schedule more fully outlined in Section 4.3(a)(ii). The Option will be fully exercisable as of the date the Option is granted for shares of New Stock that are subject to a lapsing right of repurchase by the Company at the original purchase price paid for the New Stock, which repurchase right will also lapse in accordance with the vesting schedule more fully outlined in Section 4.3(a)(ii).
Sample 1Sample 2
AutoNDA by SimpleDocs
New Stock. Authorizing a corporate resolution and authorization in order to authorize the issuance by Buyer of 100,000 Common Shares.
Sample 1Sample 2
New Stock. Grantor agrees that any shares of DMC Common Stock --------- that Grantor purchases or with respect to which Grantor otherwise acquires record or beneficial ownership after the date of this Agreement and prior to the Expiration Date ("New Stock") shall be subject to the terms and conditions of this Agreement to the same extent as if they had originally constituted Stock. Grantor is the holder of DMC stock options and/or convertible debentures, all of which are fully exercisable or convertible into DMC Common Stock. In the event Measurex gives Grantor notice of the exercise of its option under this Agreement and requests Grantor to do so, Grantor will exercise his DMC stock options and/or convert his convertible debentures and the stock he acquires will be included in New Stock.
Sample 1
New Stock. This is a finished product warehouse recording of finished goods to be store in the warehouse. The New Stock set the Lot and Batch number for Raw Material or Finished Products, the warehouse Identification, deliver from which supplier, product description, its quantity and physical storage location address by Zone, Floor, Plot and Sub-plot.
Sample 1
New Stock. (a) If any shares of Series A Stock are redeemed pursuant to this Agreement (such shares, the "Series A Redeemed Shares"), Bank United Corp. may create a new series of preferred stock (the "New Series-1 Stock") to be issued to Washington Mutual as herein provided. The New Series-1 Stock will have substantially the same terms, rights and privileges, including without limitation the liquidation preference as the Series A Stock, except that (i) Bank United Corp. will be permitted to redeem some or all of the shares of New Series-1 Stock at any time after the date of issuance at 100% of the New Series-1 Stock liquidation preference plus 100% of accrued but unpaid dividends and (ii) in the event that the ability of Bank United to pay dividends in accordance with 12 C.F.R. Part 563, Subpart E (or any successor provision thereto) as a result of the Redemption and the other transactions contemplated hereby is restricted, appropriate adjustments shall be deemed made to the terms of the New Series-1 Stock in order to permit Bank United Corp. to pay regular quarterly dividends on its common stock without regard to the preferences of the New Series-1 Stock to receive dividend payments thereon, and the failure of the Bank to pay dividends with respect to the New Series-1 Stock as a result of such restrictions shall not result in any right of the holders of the New Series-1 Stock to elect any directors to the board of directors of the Bank. Washington Mutual agrees to purchase from Bank United Corp. and Bank United Corp. agrees to sell to Washington Mutual, substantially concurrently with the Redemption, if Bank United Corp. elects to create the New Series-1 Stock, the number of shares of New Series-1 Stock equal to the number of Series A Redeemed Shares at a purchase price per share of $25.00.
Sample 1
New Stock. The Seller will not vote the Stock to cause or permit to be issued any authorized but unissued stock of the Company.
Sample 1
New Stock. The Company agrees to issue 500,00 shares of its common stock in exchange for all of the Company's preferred stock owned by Goodstein. Such common stock will have a restrictive legend and be delivered promptly to Goodstein upon receipt by the Company of all of the preferxxx xxxxx referenced above. The legend shall read as follows: "The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended, and may not be sold or transferred without registration under said Act or an exemption therefrom."
Sample 1
AutoNDA by SimpleDocs
New Stock 
Sample 1Sample 2Sample 3

Related to New Stock

  • Common Stock 1 Company........................................................................1

  • Common Shares 4 Company...................................................................................... 4

  • Shares The term “

  • Ordinary Shares The Ordinary Shares included in the Units have been duly authorized and, when issued and delivered against payment for the Offered Securities by the Underwriters pursuant to this Agreement and registered in the Company’s register of members, will be validly issued, fully paid and non-assessable. The holders of such Ordinary Shares are not and will not be subject to personal liability by reason of being such holders; such Ordinary Shares are not and will not be subject to any preemptive or other similar contractual rights granted by the Company.

  • New Shares Stockholder agrees that any shares of Company Capital Stock that Stockholder purchases or with respect to which Stockholder otherwise acquires beneficial ownership after the date of this Agreement and prior to the Expiration Date (“New Shares”) shall be subject to the terms and conditions of this Agreement to the same extent as if they constituted Shares.

  • Founder Shares In April 2021, the Company issued to CCIF Global LLC, a Delaware limited liability company (the “Sponsor”), an aggregate of 4,312,500 Class B ordinary shares of the Company, par value $0.0001 per share, for an aggregate purchase price of $25,000 (the “Founder Shares,” and together with the Class A Shares, collectively, the “Ordinary Shares”), in a private placement exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”). No underwriting discounts, commissions, or placement fees have been or will be payable in connection with the purchase of Founder Shares. Except as described in the Registration Statement, none of the Founder Shares may be sold, assigned or transferred by the Sponsor until the earlier of (a) one year following the consummation of the Business Combination, (b) following the consummation of the Business Combination, the last sale price of the Class A Shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after our initial business combination, and (c) the date following the consummation of the Business Combination on which the Company consummates a liquidation, merger, stock exchange or similar transaction which results in all of the Company’s public shareholders having the right to exchange their Ordinary Shares for cash, securities, or other property. The Founder Shares shall be subject to restrictions on transfer as set forth in the Insider Letters (as defined below). The holders of Founder Shares shall have no right to any liquidating distributions with respect to any portion of the Founder Shares in the event the Company fails to consummate the Business Combination. The holders of the Founder Shares shall not have redemption rights with respect to the Founder Shares. In the event that the Over-allotment Option is not exercised in full, the Sponsor will be required to forfeit such number of Founder Shares such that the Founder Shares then outstanding will comprise 20% of the issued and outstanding Ordinary Shares (but not including any Private Placement Securities (as defined below)) after giving effect to the Offering and exercise, if any, of the Over-allotment Option. The Founder Shares will automatically convert into Class A Shares concurrently with the consummation of the Business Combination on a one-for-one basis, subject to adjustment as described in the Prospectus.

  • Additional Shares or Options The Company hereby agrees that until the consummation of a Business Combination, it shall not issue any shares of Common Stock or any options or other securities convertible into Common Stock, or any preferred shares or other securities of the Company which participate in any manner in the Trust Account or which vote as a class with the Common Stock on a Business Combination.

  • Series B Preferred Stock Section 1.2(d)......................... 5 Shares............................ Section 3.2(a).........................

  • Parent Common Stock The issuance and delivery by Parent of shares of Parent Common Stock in connection with the Merger and this Agreement have been duly and validly authorized by all necessary corporate action on the part of Parent. The shares of Parent Common Stock to be issued in connection with the Merger and this Agreement, when issued in accordance with the terms of this Agreement, will be validly issued, fully paid and nonassessable and not subject to preemptive rights of any sort.

  • The Shares The Shares to be issued and sold by the Company hereunder have been duly authorized by the Company and, when issued and delivered and paid for as provided herein, will be duly and validly issued, will be fully paid and nonassessable and will conform to the descriptions thereof in the Registration Statement, the Pricing Disclosure Package and the Prospectus; and the issuance of the Shares is not subject to any preemptive or similar rights.

Time is Money Join Law Insider Premium to draft better contracts faster.