General Shares definition

General Shares means the Shares that represent the Sponsor’s Capital Contributions.
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General Shares means all shares of common stock of the Company shown on Attachment A (including Founders Stock and Restricted Shares) and all shares issued or issuable pursuant to the Stock Options or the Warrants, provided that General Shares shall not include the Special Option Shares, the Open Market Shares or the portion of the Restricted Shares that are being cancelled pursuant hereto,. Notwithstanding anything to the contrary contained herein, none of the Warrants and none of the General Shares and none of the Special Option Shares, may be sold, exercised, negotiated, transferred, pledged, hypothecated, assigned or otherwise disposed of or made subject to any hedging or other transaction or position that reduces the economic risk of ownership (except (i) to your estate and heirs upon your death or (ii) after a Change in Control (as defined on Attachment C)) before December 6, 2007, provided that such limitation on sale or transfer shall lapse on a cumulative basis, with respect to (A) one-third of the General Shares and one-third of the Special Option Shares on December 6, 2005, (B) an additional one-third of the General Shares and an additional one-third of the Special Option Shares on December 6, 2006, and (C) the remaining one-third of the General Shares and the remaining one-third of the Special Option Shares on December 6, 2007, and provided further, that the foregoing shall not preclude you from engaging in a hedging or similar transaction involving broad market indexes or stock other than stock of the Company nor preclude you from tendering your stock in any tender offer that, if consummated, would result in a Change in Control of the Company. The limitations described in the preceding sentence shall apply to you, the LLC and the Trust as a single unit, without regard to which party (you, the LLC or the Trust) sells its shares first. Nothing in this Agreement shall be deemed to extend the original term of the Stock Options or Warrants. For purposes of this Section 4(d), a sale of a Warrant is deemed to be a sale of the number of shares of common stock underlying such Warrant. There are no limitations under the provisions of this Agreement on your sale of the Open Market Shares.
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General Shares means the 1,364,730,922 New Ordinary Shares (not being issued under the EIS Placing) to be issued by the Company pursuant to the General Placing and Subscription;
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Examples of General Shares in a sentence

  • The Shares initially shall be divided into two classes: General Shares and Limited Shares.

  • The obligations of the Managing Owner under this Section 1.7 shall be evidenced by its ownership of the General Shares which, solely for purposes of the Delaware Trust Statute, will be deemed to be a separate class of Shares.

  • The Shares of each Master Fund shall initially be divided into two classes: General Shares and Limited Shares.

  • The obligations of the Managing Owner under this Section 1.7 shall be evidenced by its ownership of the General Shares which, solely for purposes of the Delaware Trust Statute, will be deemed to be a separate class of Shares of each Master Fund.

  • In the event that the Participant’s Continuous Service is terminated (other than for Cause) by the Company in anticipation of a Change in Control or within six (6) months after the effective date of a Change in Control, then the Participant shall be fully vested in all General Shares.

  • Micro General has received all consents, approvals, orders, waivers and authorizations, and has provided all notices, which are necessary in connection with the valid execution and delivery of this Agreement and the issuance of the Micro General Shares hereunder.

  • The Micro General Shares have been duly and validly authorized and, when issued and paid for in accordance with the terms hereof, will be validly issued and nonassessable securities of Micro General.

  • Beyond Ventures is receiving the Micro General Shares in a private transaction and not pursuant to a distribution or through a general solicitation or advertisement.

  • The Group No. Two Shares and Eagle General Shares are owned beneficially and of record by RFS Texas and constitute all of the issued and outstanding shares of capital stock of Group No. Two and Eagle General, respectively.

  • Tech Fund acknowledges that it is aware that the Micro General Shares to be received by it pursuant to this Agreement have not been registered under the Securities Act of 1933, as amended (the "Act").