Founder Stock definition

Founder Stock means all shares of Class B Common Stock that are issued and outstanding as of the date hereof and all shares of Class A Common Stock issued upon conversion thereof.

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Founder Stock has the meaning set forth in the third recital of this Agreement.

Founder Stock means Common Stock of the Company presently held by the Founders or that may be acquired in the future.

Examples of Founder Stock in a sentence

The shares of Founder Stock issuable in the IPO and pursuant to this Agreement shall have been approved for listing on the New York Stock Exchange, subject to official notice of issuance.
The sale by Founder of shares of Founder Stock in the IPO (a) shall have closed prior to or substantially contemporaneously with the consummation of the transaction contemplated herein and (b) shall have generated sufficient net proceeds to pay the cash consideration to the stockholders of Combining Partner Companies as described in the Registration Statement.
In the event of termination of the Executive’s employment on account of his death or by the Company on account of the Executive’s Disability the Common Stock of the Company purchased by Executive pursuant to that certain Founder Stock Purchase Agreement of even date herewith (the “Purchased Stock”) shall become fully vested and nonforfeitable.
The sale by Founder of shares of Founder Stock in the IPO (a) shall have closed prior to or substantially contemporaneously with the consummation of the transactions contemplated herein and (b) shall have generated sufficient net proceeds to pay the cash consideration to the Combining Partner Companies as described in the Registration Statement.
The closing of the Transaction (the “Closing”) shall take place on the date of the closing of the sale of shares of Founder Stock in the IPO, or such other date as the parties hereto may designate (the “Closing Date”), at the offices of Bracewell & ▇▇▇▇▇▇▇▇ LLP, ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ or such other place as the parties may mutually agree.

More Definitions of Founder Stock

Founder Stock means the 3,417,000 shares of Voting Common Stock presently issued to the Founders and, if and to the extent vested, any of the 16,000,000 shares of Nonvoting Common Stock presently issued to the Founders, and any additional shares of Voting Common Stock or Nonvoting Common Stock issued to the Founders as a result of stock splits, stock dividends, or other recapitalizations.

Founder Stock means shares of the Company’s Founder Stock, $0.0001 par value per share.

Founder Stock means shares of the Company’s Common Stock now owned or subsequently acquired by the Founders by gift, purchase, dividend, option exercise or any other means whether or not such securities are only registered in a Founder’s name or beneficially or legally owned by such Founder, including any interest of a spouse in any of the Founder Stock, whether that interest is asserted pursuant to marital property laws or otherwise. The number of shares of Founder Stock owned and the number of shares of Founder Stock subject to outstanding options held by the Founders as of the date hereof are set forth on Exhibit B, which Exhibit may be amended from time to time by the Company to reflect changes in the number of shares owned by the Founders, but the failure to so amend shall have no effect on such Founder Stock being subject to this Agreement.

Founder Stock means shares of the Company's Common Stock now owned or subsequently acquired by the Founders by gift, purchase, dividend, option exercise or any other means whether or not such securities are only registered in a Founder's name or beneficially or legally owned by such Founder, including any interest of a spouse in any of the Founder Stock, whether that interest is asserted pursuant to marital property laws or otherwise. The number of shares of Founder Stock owned by the Founders as of the date hereof are set forth on Exhibit B, which Exhibit may be amended from time to time by the Company to reflect changes in the number of shares owned by the Founders, but the failure to so amend shall have no effect on such Founder Stock being subject to this Agreement.

Founder Stock shall continue to be Founder Stock in the hands of any holder other than Founder (except for the Company and Net2Phone and except for transferees in a Public Sale), and except as otherwise provided herein, each such other holder of Founder Stock shall succeed to all rights and obligations attributable to Founder as a holder of Founder Stock hereunder. Founder Stock shall also include shares of the Company's capital stock issued with respect to Founder Stock by way of a stock split, stock dividend or other recapitalization. Notwithstanding the foregoing, all Vested and Unvested Shares shall remain Founder Stock after any Transfer thereof.

Founder Stock means all shares of ▇▇▇▇▇▇▇ Stock and Shareholder Stock.

Founder Stock means (i) all shares of Common Stock held by the Founders, and (ii) any Common Stock issued as (or issuable upon the conversion or exercise of any warrant, right or other security that is issued as) a dividend or other distribution with respect to, or in exchange for or in replacement of such shares.