GMO IPO definition
GMO IPO means the first underwritten public offering for the account of the Company of shares of Genzyme Molecular Oncology Division Common Stock, $.01 par value per share (the "GMO Stock"), on a firm commitment basis pursuant to a Registration Statement (as defined below) filed with the Commission covering such offering.
Examples of GMO IPO in a sentence
Upon receipt of a written request by the Company and its underwriter, the Stockholders shall not sell, sell short, grant an option to buy, or otherwise dispose of shares of the Company's Common Stock or other securities of the Company for a period of one hundred and eighty (180) days following the closing date of the GMO IPO; PROVIDED, HOWEVER, that the agreement described in this Section 12 shall not apply unless all executive officers and directors of the Company enter into similar agreements.
In addition, the Company shall not be required to cause or permit any Registration Statement to become effective pursuant to this Section 2 during the 180-day period after the closing date of the GMO IPO.