The Initial Shares Sample Clauses
The Initial Shares clause defines the specific number and type of shares that are issued to a party at the outset of an agreement or transaction. Typically, it outlines how many shares a founder, investor, or employee will receive, and may specify the class of shares, such as common or preferred stock. This clause ensures all parties have a clear understanding of the initial ownership structure, thereby preventing disputes over equity allocation and establishing a transparent foundation for future share issuances or transfers.
The Initial Shares. The Initial Shares have been duly authorized by the Company and duly and validly issued and delivered, are fully paid and nonassessable, and conform to the descriptions thereof in the Registration Statement, the Pricing Disclosure Package and the Prospectus.
The Initial Shares. (a) The Initial Shares will be issued as restricted shares subject to applicable restrictions under the federal securities laws, including those allowing for limited resale, under SEC Rule 144, and bearing appropriate restrictive legends.
(b) The Licensor and Licensee acknowledge and agree that if, after twenty-four (24) months from the date of execution of this Agreement, the average bid price of the Licensee’s Common stock for the immediately preceding 30 trading days (“the Actual Trading Price”) is less than two dollars ($2) per share, the License shall issue additional shares (“Additional Shares”) and, together with the Initial Shares, (“the Shares”) to the Licensor in a number sufficient to equal (x) two dollars ($2) minus the Actual Trading Price, multiplied by (y) two million five hundred thousand (2,500,000).
(c) The Licensee shall be responsible to fully register the Shares at the Licensee’s expense (other than brokerage commission) within a period of six (6) months following their issuance (and in the case of additional share from Section #4b above or #7 below, immediately upon the date of issuance).
(d) The Licensor shall be given a seat on the Board of Directors for as long as the license remains outstanding.
The Initial Shares. The Company shall deliver to the Selling Stockholders on the Closing Date original certificates evidencing the Initial Shares, in form and substance satisfactory to the Selling Stockholders, in order to effectively vest in the Selling Stockholders all right, title and interest in and to the Initial Shares. From time to time after the Closing Date, and without further consideration, the Company will execute and deliver such other instruments and take such other actions as the Selling Stockholders may reasonably request in order to facilitate the issuance to them of the Initial Shares and, when authorized, the Additional Shares.
The Initial Shares. 1. On the Effective Date, the number of Shares of the Musharaka Property will be [. ] Shares.
2. According to the Bank’s Contribution on the Effective Date, the Bank’s Portion will be [..............................] Shares, representing [. ] % of the Musharaka Property.
3. According to the Client’s Contribution on the Effective Date, the Client’s Portion will be [..............................] Shares, representing [. ] % of the Musharaka Property.
4. Initial Share Price: [Musharaka Capital / number of Shares] = [ 0.001] OMR
The Initial Shares. The APG Initial Completion Share, upon its issuance, will have been duly authorized, validly issued and fully-paid, and APG will obtain full right, title and interest in and to the same, rank pari passu with, and carry the same rights in all aspects as, the other Shares then outstanding, including the rights to all dividends and other Distributions declared, made or paid at any time on or after the Initial Completion Date.
The Initial Shares. Within ten (10) business days after the Effective Date, the Company shall issue to the Consultant or to Consultant’s designee in the name of the Consultant or Consultant’s designee, 250,000 shares of the Company’s common stock, par value $0.0001 per share (the “Initial Shares ”).