Stock Shares Sample Clauses

Stock Shares. The term “Stock Shares” means Twenty-Eight Thousand (28,000) shares of Common Stock of the Corporation, which represents approximately thirteen and thirty-three hundredths percent (13.33%) of the Outstanding Common Stock.
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Stock Shares. Company previously paid Professional, under the Old Agreement, as additional compensation for the services and rights provided by Professional pursuant thereto, taking into account a three (3) for one (1) reverse split, 10,000 shares (the "Shares") of the Company's common stock, valued at par value $0.01 per share. Company agreed, under the Old Agreement, that in the event that the Shares do not have a minimum value of $60,000 at the date of initial public offering (IPO) of the Company's stock, that the Company would pay the difference between the value of the Shares, on such date, and $60,000 to Professional in cash compensation or gifting additional shares of Company stock no later than thirty (30) days following the date of the IPO. Company hereby agrees that the Shares previously paid to Professional were fully earned. Further, Company and Professional hereby agree that Company's obligations relative to the contingency related to the Shares not having a minimum value of $60,000 at the date of the IPO, is hereby modified to require that Company pay to GDA the difference between the valuation of the Shares on such date and $60,000 in cash no later than thirty days following the date of the IPO, irrespective of whether such IPO date is prior to, or after, the expiration or early termination of this Agreement.
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Stock Shares. No change will be made in the authorized corporate shares of direcTEL Canada.
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Stock Shares. As additional compensation for the services and rights provided by Player and upon execution of this agreement, Player shall receive 30,000 shares of the Company's common stock, valued at par value $0.01 per share. Company agrees that in the event the shares do not have a minimum value of $60,000 at the date of initial public offering (IPO) of the Company's stock, Company agrees to pay the difference between such date's valuation and $60,000 to Player in cash compensation or gifting additional shares of Company stock no later than thirty days following the date of the IPO. All references to share or option numbers and exercise prices herein do not reflect the Company's contemplated 3:1 reverse split of its common stock.
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Stock Shares. At such time as Payment is made pursuant to section 3 herein (collectively, “the Payment), which shall occur on or before February 15, 2012 (the “Closing Date”), Xxxxxxx, Xxxxxxx and Xxxxxx shall return all shares of CWE or Clean Wind Energy Tower, Inc. stock to CWE or to a designee of CWE. Xxxxxxx, Xxxxxxx and Xxxxxx shall take any reasonable steps necessary to effectuate the return their stock shares to CWE or its designee.
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Stock Shares. No change will be made in the authorized corporate shares of the Company.
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Stock Shares 
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Related to Stock Shares

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

  • Shares The term “

  • Reacquired Shares Any shares of Series A Preferred Stock purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof. All such shares shall upon their cancellation become authorized but unissued shares of Preferred Stock and may be reissued as part of a new series of Preferred Stock subject to the conditions and restrictions on issuance set forth herein, in the Certificate of Incorporation, or in any other Certificate of Designations creating a series of Preferred Stock or any similar stock or as otherwise required by law.

  • Restricted Shares Employee hereby accepts the Restricted Shares when issued and agrees with respect thereto as follows:

  • Parent Shares All of the Parent Shares issuable in accordance with this Agreement will be, when so issued, duly authorized, validly issued, fully paid and non-assessable and free and clear of any liens (other than those created under federal and state securities laws or the Voting Agreement) and not subject to preemptive or other similar rights of the stockholders of Parent.

  • Restricted Share Units Restricted Share Units means Restricted Share Units granted to Participant under the Plan subject to such terms and conditions as the Committee may determine at the time of issuance.

  • Company Shares If the managing underwriter has not limited the number of Registrable Securities to be underwritten, the Company may include securities for its own account or for the account of others in such registration if the managing underwriter so agrees and if the number of Registrable Securities which would otherwise have been included in such registration and underwriting will not thereby be limited.

  • Parent Stock (a) As of the date hereof the authorized capital stock of Parent consists of (i) (A) 75,000,000 shares of Class A Common Stock, $.01 par value, of which no shares are validly issued and outstanding, and (B) 100,000,000 shares of Class B Common Stock, $.01 par value, of which 10,319,628 shares are validly issued and outstanding (without taking into account any shares of Parent Stock to be issued pursuant hereto, or pursuant to any of the Potential Acquisitions as defined in the Memorandum), fully paid and nonassessable; (ii) 750,000 shares of blank check preferred stock, (A) 250,000 of which have been designated as Class A Convertible Preferred Stock, of which 174,061 (as of the Closing Date, 174,526) shares are validly issued and outstanding, fully paid and nonassessable, (B) 200,000 of which have been designated as Class B Convertible Preferred Stock, of which 98,767 shares are validly issued and outstanding, fully paid and nonassessable, and (C) 15,000 of which have been designated as Class C Convertible Preferred Stock, of which 9,232 shares are validly issued and outstanding, fully paid and nonassessable. Except as set forth on Schedule -------- 5.6 hereto, there are no options, warrants, calls, agreements, commitments or --- other rights presently outstanding that would obligate Parent to issue, deliver or sell shares of its capital stock, or to grant, extend or enter into any such option, warrant, call, agreement, commitment or other right. In addition to the foregoing, as of the Closing Date, Parent has no bonds, debentures, notes or other indebtedness issued or outstanding that have voting rights in Parent.

  • 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.

  • Company Stock The Certificates and stock powers, duly endorsed, transferring the Company Stock to Subsidiary and the officer and director resignations required in Section 4.6;

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