Founder B definition
Examples of Founder B in a sentence
Alternatively, at the sole distraction of SBC and SBC Global, each of Holding Founder A, Holding Founder B and Holding Founder C, shall transfer as many of the shares they own in the share capital of the Company to SBC and SBC Global to that effect.
In the event of any such investments, or of a non cash investment, at a pre-money valuation for 100 % of the Company’s share capital less than EUR 4,000,000, only Holding Founder A, Holding Founder B and Holding C will dilute.
As a result, after the issuances and adjustments described above, the Capital Account balances and Units of the Members are: Founder A: $36,863.64 40 Common Units Founder B: $36,863.64 40 Common Units ▇▇▇▇: $18,181.82 20 Common Units Service Provider: $8,090.91 10 Profit Interest Units $100,000 110 Units 1 Consideration will need to be given to Section 4.1 to make certain that it is properly coordinated with respect to particular Convertible Preferred Unit terms.
The initial Capital Account balances of the Members are as follows: Founder A: $4,500 40 Common Units Founder B: $4,500 40 Common Units ▇▇▇▇: $1,000 10 Common Units Service Provider: $0 10 Profits Interest Units On date 2, a Triggering Event occurs.
The Board shall appoint Founder A as the Chairman and Chief Financial Officer of the Company, and Founder B as the Chief Executive Officer of the Company.
Founder B shall be responsible, in accordance with the instructions of the Board, for the daily management of the Company.