Additional Stock Consideration definition
Examples of Additional Stock Consideration in a sentence
Each Company Shareholder receiving Closing Stock Consideration and Additional Stock Consideration agrees not to sell any such shares of Acquirer Common Stock pursuant to the Resale Registration Statement without delivering, or causing to be delivered, a prospectus included therein to the purchaser thereof pursuant to the prospectus delivery requirements of the Securities Act.
Stock certificates issued as part of the Initial Stock Consideration or as part of the Additional Stock Consideration shall be accompanied by any documents necessary to permit the transfer agent to transfer shares of Argan Stock as directed by the selling Stockholder.
The shares of Buyer Common Stock ------------------------------ representing the Stock Consideration and, if applicable, the Additional Stock Consideration, to be issued pursuant to the Acquisition will be duly authorized, validly issued, fully paid, non-assessable and issued in compliance with applicable federal and state securities laws subject to the truth and accuracy of Seller's representations in Section 3A.5 of this Agreement.
If, subsequent to the date of this Merger Agreement but prior to the Effective Time, or prior to the date payment of Additional Stock Consideration is made, as the case may be, the number of shares of CSI Common Stock issued and outstanding is changed as a result of a stock split, reverse stock split, recapitalization, reclassification or other similar transaction, the CSI Common Stock and other items dependent thereon shall be appropriately and equitably adjusted herein.
At the time of an IPO or Sale of Purchaser, the Sellers will be entitled to receive the "Seller's Additional Stock Consideration" consisting of additional stock of Prism Financial Corporation in the case of an IPO or a sale of all or substantially all of the assets, or stock, or at the option of the Purchaser, stock appreciation rights (the dollar equivalent value of the stock) in Purchaser in the case of a sale of 80% or more of the stock of Prism, in an amount valued at $6,196,637.