5% Owner definition
5% Owner means any Person that owns 5% or more of the Company's Ordinary Shares on a fully-diluted basis.
5% Owner means a Participant who (i) owns more than 5% of the outstanding stock (or owns stock possessing more than 5% of the total combined voting power of all classes of stock) of the Company (or any Affiliated Company), if the Company (or the Affiliated Company, whichever applies) is a corporation; or (ii) owns more than 5% of the capital or profit interest in the Company (or the Affiliated Company, whichever applies), if the Company (or the Affiliated Company, whichever applies) is not a corporation. A similar rule shall apply to the determination of a "1% Owner."
5% Owner means any Person that (i) together with its Affiliates, directly or indirectly, has a pecuniary interest in at least five percent (5%) of the Units outstanding at the time of the IPO (other than through PubCo), except for any member of the PubCo Holdings Group, or (ii) is an Additional Permitted Transferee.
Examples of 5% Owner in a sentence
For any taxable period (or portion thereof) during which any 5% Owner, Five Point Member or any of their respective Affiliates held any direct or indirect interest (other than through PubCo) in the Company, 14 days prior to filing the U.S. federal income tax return of the Company, the Company Representative shall provide a copy of the Company’s draft of such tax return to each of the Five Point Representative and DVN JV Holdco for review and comment.
More Definitions of 5% Owner
5% Owner means an Employee who, immediately after the grant of any rights under the Plan, would own Company Stock or hold outstanding options to purchase Company Stock possessing 5% or more of the total combined voting power of all classes of stock of the Company. For purposes of this Section, the ownership attribution rules of Code Section 425(d) shall apply.
5% Owner means any person who owns directly or indirectly as defined in Section 416(i)(1)(B) of the Code (i) more than five percent (5%) of the outstanding stock of the Employer; or (ii) stock possessing more than five percent (5%) of the total combined voting power of all stock of the Employer. If the Employer is not a corporation, 5%-Owner means any person who owns more than five percent (5%) of the capital or profits interests in the Employer.
5% Owner has the meaning set forth in the definition of “Independent Third Party” below.
5% Owner means any Person who owns in excess of 5% of the Common Stock on a fully diluted basis.
5% Owner means a Participant who is treated as a 5-percent owner for purposes of Section 416 of the Code at any time during the Plan Year ending with or within the calendar year in which such owner attains age 70-1/2.
5% Owner means an Employee who, immediately after the grant of an Option, owns stock possessing more than 5% of the total combined voting power or value of all classes of stock of the Company or a parent or subsidiary corporation (as defined in Code Sections 424(e) and 424(f), respectively).
5% Owner of any Person means any other Person directly or indirectly owning, controlling or holding at least five percent (5%) or more of the outstanding voting securities, capital stock or equity of such Person.