ELC Stock Consideration definition

ELC Stock Consideration means 500,000 shares of Common Stock (which shares shall be issued to Pradeep and S▇▇▇▇ ▇▇▇▇▇▇▇ as joint tenants).
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ELC Stock Consideration means that number of shares of Common Stock which has an equivalent value of $5,000,000, valuing each such share at the Offering Price (subject to the restrictions hereinafter described).
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Examples of ELC Stock Consideration in a sentence

  • Upon the Effective Date, each share of capital stock of P▇▇▇▇ of any class issued and outstanding as of the Effective Date, by virtue of the Merger and without any action on the part of the holder thereof, shall automatically be converted into the right to receive a pro rata portion, based on the total number of shares of capital stock of P▇▇▇▇ outstanding as of the Effective Date, of (x) the Cash Consideration (as defined below), and (y) the ELC Stock Consideration (as defined below).

  • Upon filing of the Certificate of Merger, ELC shall cause to be delivered to The P▇▇▇▇ Family Trust, as sole stockholder of P▇▇▇▇ (a) by wire transfer to an account designated by The P▇▇▇▇ Family Trust or other acceptable payment means, an amount equal to the estimated amount of the Cash Consideration determined as provided in Section 1.6 hereof, and (b) one or more stock certificates representing the ELC Stock Consideration, registered in the name of The P▇▇▇▇ Family Trust or its nominee.

  • Upon the Effective Date, each share of capital stock of K▇▇▇▇▇▇ of any class issued and outstanding as of the Effective Date, by virtue of the Merger and without any action on the part of the holder thereof, shall automatically be converted into the right to receive a pro rata portion, based on the total number of shares of capital stock of K▇▇▇▇▇▇ outstanding as of the Effective Date, of (x) the Cash Consideration (as defined below), and (y) the ELC Stock Consideration (as defined below).