Class E Common Stock definition
Examples of Class E Common Stock in a sentence
The number of shares of Common Stock for which this Class E Common Stock Purchase Warrant (this “Warrant”) is exercisable and the Exercise Price are subject to adjustment as provided herein.
Upon the Effective Date, all of the restricted shares of the Company's Class A Voting Common Stock, par value $.01 per share, and Class E Common Stock, par value $.01 per share, that were subject to the vesting and repurchase provisions set forth in Section 7 of the Original Agreement (collectively, the "Restricted Shares") will become fully vested, provided that the Executive remains in continuous service with the Company or any Subsidiary until such Effective Date.
The Company will take no action to increase the par value of the Class E Common Stock to an amount in excess of the Exercise Price, and the Company will not enter into any agreements inconsistent with the rights of Holders hereunder.
In lieu of the issuance of any such fractional shares, the Exchange Agent shall round up or down to the nearest whole share of Adara Class E Common Stock, as applicable, with a fraction of 0.5 or more rounded up.
As more fully set forth in the Second Amended and Restated Adara Certificate of Incorporation, upon the occurrence of any Triggering Event, the Contingent Consideration Shares held in escrow as Adara Class E Common Stock that are released as a result of such Triggering Event will automatically convert into the same number of shares of Adara Class A Common Stock.