Share ranking Sample Clauses

The Share Ranking clause establishes the order of priority or hierarchy among different classes or series of shares within a company. In practice, this clause specifies which shares have precedence in receiving dividends, voting rights, or distributions upon liquidation, often distinguishing between ordinary and preferred shares. Its core function is to ensure clarity and prevent disputes by clearly defining the rights and entitlements associated with each type of share, thereby allocating financial and control interests among shareholders.
Share ranking. ‌ All Shares issued under the Plan will rank equally in all respects with the Shares of the same class for the time being on issue except as regards any rights attaching to such Shares by reference to a record date prior to the date of their issue.
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Share ranking. Any Shares issued to the Lender (or other holder of a Warrant) by the Borrower as a result of the exercise of a Warrant will rank pari passu in all respects with all other Shares. Shares issued upon the exercise of Warrants will only carry an entitlement to receive a dividend if they were issued before the record date for that dividend.
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Share ranking. Any Shares issued to a Holder by the Parent as a result of the exercise of a Call Option will rank pari passu in all respects with all other Shares. Shares issued upon the exercise of Call Options will only carry an entitlement to receive a dividend if they were issued before the record date for that dividend.
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Related to Share ranking

  • Adjustments for Stock Splits, Stock Dividends, etc If from time to time while this Agreement shall remain in force and effect there is any stock split-up, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Stockholder is entitled by reason of his ownership of Shares shall be immediately subject to the restrictions on transfer and other provisions of this Agreement in the same manner and to the same extent as such Shares.

  • Share Reserve The Company, during the term of this Plan, will at all times reserve and keep available such number of Shares as will be sufficient to satisfy the requirements of the Plan.

  • Share Adjustments If the Company's outstanding shares of Common Stock are increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of any recapitalization, reclassification, stock split, combination of shares, stock dividend, or transaction having similar effect, the Board shall proportionately and appropriately adjust the number and kind of shares that are subject to this Option and the Exercise Price Per Share, without any change in the aggregate price to be paid therefor upon exercise of this Option.

  • Stock Split All references to numbers of shares in this Agreement shall be appropriately adjusted to reflect any stock dividend, split, combination or other recapitalization affecting the Capital Stock occurring after the date of this Agreement.

  • Stock Splits, Stock Dividends, etc In the event of any issuance of Shares of the Company’s voting securities hereafter to any of the Stockholders (including, without limitation, in connection with any stock split, stock dividend, recapitalization, reorganization, or the like), such Shares shall become subject to this Agreement and shall be notated with the legend set forth in Subsection 7.12.