Foundation stock definition
Examples of Foundation stock in a sentence
In addition, HCC shall return all stock including 400,000 shares held by HCC Foundation, stock options and/or warrants (including warrants to purchase 2,750,000 shares) which are either in his possession or HCC’s possession.
If the corporation fails, refuses or declines to purchase timely all of the stock included within the demand, all of the Foundation stock and all of the Trust stock shall thereafter be free of any rights or options of the corporation, and the holders thereof may deal with all of the Foundation stock and all of the Trust stock, and exercise all rights of ownership therein, free from the provisions of this agreement.
The fractional share, in each 270 day period, is determined by multiplying the total number of shares of Foundation stock and Trust stock on the date of the demand by a fraction, the numerator of which is one and the denominator of which is ten minus "x", when "x" equals the number of annual renewals of the 270 day period since the death of ▇▇▇▇▇▇ ▇.
So long as this agreement is in force, a legend substantially as above stated shall be endorsed on each certificate of Foundation stock or Trust stock.