Indemnity Shares definition

Indemnity Shares means the Purchaser Shares to be held in the Indemnity Account as defined in Section 9(A)(iii) of the Plan of Recapitalization, the number of which are subject to adjustment pursuant to the remainder of Section 9 of the Plan of Recapitalization.

Indemnity Shares shall have the meaning specified in paragraph D of Recitals.

Indemnity Shares means 50,000 of the Closing Shares to be held by the Company in accordance with the terms of this Agreement.

Examples of Indemnity Shares in a sentence

• To the extent any Indemnity Shares are not subject to an indemnification claim against a Seller under Section 14.2 within six months after the Closing, Purchaser shall instruct the Escrow Agent to release such Indemnity Shares to the Sellers entitled to them in accordance with the Plan of Recapitalization.

• Purchaser shall instruct the Escrow Agent to release any Indemnity Shares that are subject to such an indemnification claim to the relevant Seller to the extent Purchaser and such Seller or a court of competent jurisdiction finally resolves such claim in favor of such Seller without the possibility of appeal.

• Therefore, we agree with the magistrate's determination that the mandate in Jelinek II did not order the retrial of relator's constructive discharge theory.{¶15} We reach this conclusion regardless of whether constructive discharge is technically a distinct claim or only one of two alternative theories that relator asserted in attempting to recover damages for age discrimination.

• Each of the Indemnity Share Members initially participating in the Project have been assigned an Indemnity Share as set forth in the Schedule of Indemnity Shares attached hereto pursuant to Supplemental Contracts with such Members identical to this contract except for the identification of the parties and the signature pages.

• For the avoidance of doubt, Seller’s indemnity obligations hereunder shall be deemed to be properly provided for so long as the distribution of any Indemnity Shares to a Participating Stockholder remains conditioned on the execution and delivery by such Participating Stockholder of a Lock-Up Agreement.

More Definitions of Indemnity Shares

Indemnity Shares has the meaning set forth in Section 2.4(b).

Indemnity Shares means Topco Common Shares issued to Rover pursuant to ‎Section 9.9 or ‎Section 9.10.

Indemnity Shares means Topco Common Shares issued to Rover pursuant to Section 9.9 or Section 9.10. “Individual Transit Stockholders” shall have the meaning set forth in the Recitals.

Indemnity Shares shall have the meaning set forth in Section 7.

Indemnity Shares means the number of shares of MarketWatch Common Stock received by a Principal Shareholder in the Merger plus the number of shares of MarketWatch Common Stock subject to Charts Options, Charts Warrants or Charts Other Securities held by him, her or it and exchanged or assumed in connection with the Merger less the Initial Unlocked Shares, as adjusted for any Capital Changes. The Indemnity Shares shall not include any shares subject to MarketWatch Options held by a Principal Shareholder which options are unvested and subsequently canceled as a result of termination of a Principal Shareholder's employment pursuant to the terms of such Principal Shareholder's Employment Agreement and related stock option agreement.

Indemnity Shares means 10% of the Closing Shares, al of which are to be held by the Company in accordance with the terms of this Agreement.

Indemnity Shares means the aggregate number of shares of the Buyer Stock Closing Consideration (rounded down to the nearest whole share) obtained by dividing $5,400,000 by the Buyer Stock Consideration Price.