Founders definition
Examples of Founders in a sentence
Pursuant to the Founders Purchase Agreement, the total consideration for 100% of the Founders' shares payable by Buyer to the Founders is up to €9,600,000 in cash, based on the achievement of certain milestones set forth in the Founders Purchase Agreement.
Founder Plan (as amended from time to time, the “Plan”) is to: (1) provide Founders (as hereinafter defined) of Enhanced Group Inc., a Texas corporation (the “Company”) and its Subsidiaries, the opportunity to receive stock-based incentive awards; (2) align the interests of Founders with the Company’s shareholders; and (3) promote ownership of the Company’s equity.
The Founders Purchase Agreement provides that, among other things and subject to the terms and conditions thereof, Buyer will purchase from the Founders all of the shares held by them, which amount to a total of 60,000 shares, representing approximately 42.5% of Red Technologies' outstanding fully-diluted equity capitalization, in multiple installments.
B This Agreement is entered into for the purposes of regulating the relationship between the Founders and the Investor, as shareholders of the Company and setting out the rights and obligations of the Parties in respect of the Company.
A The Parties have entered into a share purchase agreement dated ______________ 2024 (the “Share Purchase Agreement”), pursuant to which the Founders has agreed, inter alia, to transfer in aggregate 5,400 Shares (as defined below) to the Investor.