Corporate Formation definition

Corporate Formation means the transaction in which each Continuing Shareholder shall exchange each share of Common Stock owned by such Shareholder for one share of common stock of Holdings and Holdings Performance Options to purchase a predetermined number of shares of common stock of Holdings.
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Examples of Corporate Formation in a sentence

  • Broncus formed Asthmatx and, in exchange for the issuance to Broncus of all the outstanding shares of Asthmatx’s capital stock, Broncus contributed to Asthmatx certain assets, properties, technology and intellectual property pursuant to a Corporate Formation Agreement dated as of December 26,, 2003 between Broncus and Asthmatx (the “Formation Agreement”).

  • Broncus formed Asthmatx and, in exchange for the issuance to Broncus of all the outstanding shares of Asthmatx’s capital stock, Broncus contributed to Asthmatx the assets, properties, technology and intellectual property owned by Asthmatx as of the Effective Date pursuant to a Corporate Formation Agreement dated as of December 26, 2003 between Broncus and Asthmatx (the “Formation Agreement”).

  • Broncus and Asthmatx have previously entered into a certain Corporate Formation Agreement dated as of December 26, 2003 (the “Formation Agreement”).