Elite Stock definition
Elite Stock means Elite’s common stock, no par value per share.
Examples of Elite Stock in a sentence
As a result of the Reorganization, there are 640,145.84 shares of Elite Stock issued and outstanding (the “Elite Shares”), which shares are held of record by the Stockholders as indicated on Schedule 4.3. The Stockholders desire to sell the Elite Shares to Newco, and Newco desires to purchase the Elite Shares from the Stockholders, on the terms hereafter set forth.
Such Elite Options shall be assumed by Milestone under the terms of an employee option plan to be established by Milestone which shall provide holders of such options with substantially the same rights and obligations as the Elite Stock Option Plan.