Former Stockholders definition

Former Stockholders a stockholder who is, or as a result of the transaction in question becomes, an "affiliate," as that term is used in the Securities Exchange Act of 1934 and the rules promulgated thereunder, of any party to such merger, consolidation or reorganization); or (v) the stockholders of Company approve the sale of substantially all of Company's business and/or assets to a person or entity which is not a subsidiary; PROVIDED, HOWEVER, that no Change in Control of Company shall be deemed to have occurred if the transaction giving rise thereto was approved by a majority of the board of directors who were in office immediately prior to such transaction.

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Former Stockholders a stockholder who is, or as a result of the transaction in question becomes, an "affiliate",termthat is used in the Securities and Exchange Act of 19theand Rules promulgated thereunder, of any party to sumerger, consolidation or reorganization);

Former Stockholders means those persons who shall have held shares of Target Capital Stock immediately prior to the Effective Time.

Examples of Former Stockholders in a sentence

• Pursuant to the Stock Purchase Agreement dated as of even date herewith (the "Purchase Agreement") between Orleans Homebuilders, Inc., a Delaware corporation ("Orleans"), and all of the stockholders of PLC (the "Former Stockholders"), Orleans is acquiring all of the issued and outstanding shares of stock of PLC.

• As outstanding claims are resolved, reserves in excess of the amounts withheld with respect to all claims remaining unresolved shall be released to the Former Stockholders as provided for in this Section 7.7(b).

• Effective as of the Effective Date, Live and the Former Stockholders have executed the first amendment to the Purchaser Operating Agreement in the form attached as Exhibit F.

• Catalyst shall use Diligent Efforts to: (a) Commercialize at least one Licensed Product for LEMS in the U.S.; and (b) take all other actions necessary to either satisfy BioMarin’s obligations or allow BioMarin to satisfy its obligations (i) to EUSA under the EUSA License and (ii) to the Former Stockholders of Huxley under the Huxley Stock Purchase Agreement, in each case, (i) and (ii), relating to the Commercialization of Licensed Product in the Territory.

• Former Stockholders 2,500,000 4.2036 % Logical Choice Corporation Employee Stock Option Pool 5,300,000 8.9116 % Genesis Collaboration, LLC Former Members 2,379,000 4.0001 % Globisens 1,961,000 3.2973 % Everest Display, Inc.

More Definitions of Former Stockholders

Former Stockholders a stockholder who is, or as a result of the transaction in question, becomes an "affiliate," as that term is used in the Securities Exchange Act of 1934 and the Rules promulgated thereunder, of any party to such merger, consolidation or reorganization); or (d) the stockholders of Berry approve the sale ▇▇ ▇▇bstantially all of Berry's business and/or ▇▇▇▇▇▇ (in one transaction or a series of related transactions) to a person or entity which is not a subsidiary.

Former Stockholders means those persons who held shares of outstanding Company Capital Stock immediately prior to the Effective Time (other than any holder of outstanding Company Warrants, Company Options or Units immediately prior to the Effective Time).

Former Stockholders has the meaning set forth in Section 13.15.

Former Stockholders has the meaning set forth in Section 3(ff) below.

Former Stockholders has ever filed an election pursuant to Section 1362 of the Internal Revenue Code of 1986, as amended (the "Code"), that the Company be taxed as an S corporation.

Former Stockholders means holders of Shares immediately prior to the Effective Time.

Former Stockholders means those persons who held shares of Company Capital Stock immediately prior to the Effective Time, including as a result of the exercise of Company Options pursuant to Section 2.11.