OWNERSHIP STRUCTURE UPON FORMATION Sample Clauses
The "Ownership Structure Upon Formation" clause defines how ownership interests in a newly formed entity are allocated among its founders or initial stakeholders. It typically specifies the percentage or number of shares, units, or membership interests each party receives at the time the entity is created, and may outline any initial capital contributions required. This clause ensures all parties have a clear understanding of their respective ownership rights and responsibilities from the outset, thereby preventing future disputes over equity and control.
OWNERSHIP STRUCTURE UPON FORMATION. 2.1 Upon formation of the Company, the entire issued share ownership of the Company shall reflect the following:
2.2 [When the Company is incorporated, the Founders shall enter into the shareholders’ agreement in Or [When the Company is incorporated, the Founders shall enter into a shareholders’ agreement that contain customary rights and obligations for the Parties, as follows:
OWNERSHIP STRUCTURE UPON FORMATION. Section 2.1 Upon formation of the Company, the entire issued share ownership of the Company shall reflect the following: Person Shares Percentage ..........{Founder 1 name} ..........{Founder 1 shares amount} ..........{Founder 1 shares percentage} ..........{Founder 2 name}
OWNERSHIP STRUCTURE UPON FORMATION. Section 2.1
OWNERSHIP STRUCTURE UPON FORMATION. For purposes of this Agreement, the Company shall be considered formed upon
OWNERSHIP STRUCTURE UPON FORMATION