Fully Diluted Shares definition
Examples of Fully Diluted Shares in a sentence
O = the number of Fully Diluted Shares (as defined below) outstanding immediately prior to the Time of Determination for any such issuance, sale or distribution.
The term “5% Conversion Price” means, as of a given date, the price per share determined by dividing $1,500,000 by 5% of Company’s Fully Diluted Shares (as defined below).
Once per year, until University no longer has Shares in Company, Company shall provide a current capitalization chart to indicate the number of Shares University owns in Company, and total number of Shares and Fully Diluted Shares.
Such Top-Up Option shall not be exercisable to the extent the number of shares of Company Common Stock subject thereto (taken together with the number of Fully Diluted Shares outstanding at such time) exceeds the number of authorized shares of Company Common Stock available for issuances.
If at any time any of the Investors holding in the aggregate a majority of the Fully Diluted Shares, proposes to sell 35% or more of the Fully Diluted Shares (a “Disposition”), it or they may require the holders of Purchaser Stock to sell the same proportion and type of their Purchaser Stock as such Investors are selling of their securities by setting forth such requirement in a notice to Purchaser setting forth in reasonable detail the terms of the Disposition.