Examples of Founder Stockholders in a sentence
The Founder Stockholders shall have duly executed and delivered the Stock Pledge Agreement in form and substance reasonably satisfactory to the Purchaser.
In connection with such repayment of indebtedness, all associated guaranties of Founder Stockholders shall be terminated and cancelled.
Each Stockholder agrees that none of the Investors, Founder Stockholders or the respective controlling persons, officers, directors, partners, agents, or employees of any Investor or Founder Stockholder shall be liable to any other Investor or Founder Stockholder for any action heretofore or hereafter taken or omitted to be taken by any of them in connection with the purchase of the Shares.
This Agreement may be amended, modified or terminated (other than pursuant to Section 7) and the observance of any term hereof may be waived (either generally or in a particular instance and either retroactively or prospectively) only by a written instrument executed by (a) the Company; (b) the Founder Stockholders holding a majority of the Shares then held by the Founder Stockholders who are then providing services to the Company as officers, employees or consultants; and (c) the Investor Majority.
Notwithstanding any other provisions of this Agreement, (I) the right of any Principal and his or her Family Affiliate to participate in the Preliminary Vote, (II) the obligation of any Principal and his or her Family Affiliate to vote in accordance with Section 2.2 and (III) the irrevocable power of attorney and proxy provided by such Founder Stockholders pursuant to Section 2.2(b) shall, in each case, terminate at the close of business on the Employment Termination Date of such Principal.