BUCA definition

BUCA or the "Company"), subject to the terms and conditions set forth hereinafter, shares of BUCA's Series C Preferred Stock, par value $.01 per share ("Series C Preferred Stock") or shares of BUCA's Common Stock, par value $.01 per share ("Common Stock") as follows: In the event that on or prior to October 12, 2001, BUCA has not either effected a Qualified Public Offering (as defined in the Articles of Incorporation described in the Securities Purchase Agreement referred to below) or had a Publicly Traded Security (as defined in the Articles of Incorporation) with an average closing price on the principal securities exchange or market on which such security is traded (hereinafter, the "Closing Price") of at least $12.00 per share for a period of at least 120 consecutive trading days, then, the holder of this CVR Certificate shall be entitled to receive on October 12, 2001 (the "Payment Date"), the cumulative Settlement Amounts of additional Series C Preferred Shares obtained by the following formula which will be computed as of the last day of each March, June, September and December, commencing December 31, 1998 (each a "Quarterly End Date") for the period commencing on October 13, 1998, where:

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Examples of BUCA in a sentence

• All notices required or permitted to be given under this Agreement shall be given by certified mail, return receipt requested, to the parties at the following addresses or to such other addresses as either may designate in writing to the other party: If to Company: BUCA, INC.

• All notices required or permitted to be given under this Agreement shall be given by certified mail, return receipt requested, to the parties at the following addresses or to such other addresses as either may designate in writing to the other party: If to Company: BUCA, Inc.

• The provisions of the Plan are in addition to, and not a limitation on, any rights that a Participant may have by reason of any other agreement with BUCA or any of its related entities.

• The Participant has additionally received copies of all other documents and any other information requested from BUCA and has had an opportunity to ask questions of and receive answers from the management of BUCA concerning the terms and conditions of the Option and to obtain any additional information desired, or has elected to waive such opportunity.

• Nothing contained in this Agreement or in the Plan shall be deemed to give any person the right to be retained in the service of BUCA or any of its related entities or to interfere with the right of BUCA or any of its related entities to discharge any person at any time without regard to the effect that such discharge shall have upon such person's rights or potential rights, if any, under the Plan.

• The Compensation Committee of the Board of Directors of BUCA, Inc.

• Nothing contained in this Agreement or in the Plan shall be deemed to give any person the right to be retained in the service of BUCA or any of its related entities or to interfere with the right of BUCA or any of its related entities to discharge any person at any time without regard to the effect that such discharge shall have upon such person’s rights or potential rights, if any, under the Plan.

• The Option may be exercised only by the Participant or the Beneficiary if the Participant has died, or the Permitted Transferee, in whole or in part, subject to minimum exercise requirements contained in the BUCA Key Employee Share Option Plan (the "Plan").

• The Compensation Committee of the Board of Directors of BUCA Inc.

• The Option may be exercised only by the Participant or the Beneficiary if the Participant has died, or the Permitted Transferee, in whole or in part, subject to minimum exercise requirements contained in the BUCA Key Employee Share Option Plan (the “Plan”).