Common Equivalents definition
Examples of Common Equivalents in a sentence
The number of Common Equivalents subject hereto shall increase proportionately with each decrease in the Exercise Price.
For purposes of this Section 5, the term "Common Equivalents" shall mean (i) the number of shares of Common Stock issued or distributed (as applicable) in any event listed in this Section 5, and (ii) the number of shares of Common Stock into which any security, other than Common Stock, issued or distributed (as applicable) in any event listed in this Section 5 is convertible or for which such security is exchangeable at any applicable time during the term of this Warrant.
Payment for such Common Stock or Common Equivalents shall be by wire transfer of immediately available funds to an account designated by the Company by written notice delivered to the Purchaser not less than two business days prior to the scheduled closing of such purchase against delivery of the Common Stock or Common Equivalents at the executive offices of the Company at the time of the scheduled closing therefor.
In this Section 2.1 (a) the term "Common Equivalents" shall mean a share of Common Stock or the right to acquire a share of Common Stock pursuant to a Warrant or Stock Option Plans and out of plan stock option grants.
If the Proposed Transferee(s) states that Proposed Transferee(s) is or are unwilling to purchase, in the aggregate, more than a specified number or amount of Company Securities, then the Company Securities being transferred by the Transferring Holder(s) and those Holders who have elected to accept the Tag Offer shall be reduced pro rata in accordance with their relative holdings of Common Equivalents.