Initial Ownership definition
Initial Ownership means, with respect to any Shareholder, the number of shares of Common Stock beneficially owned (and (without duplication) which such Persons have the right to acquire from any Person) as of the Effective Time, or in the case of any Person that shall become a party to this Agreement on a later date, as of such date, taking into account any stock split, stock dividend, reverse stock split or similar event.
Initial Ownership means, with respect to any Securityholder and any series or class of Company Securities, the Aggregate Ownership of such series or class by such Securityholder as of the date hereof, or, in the case of any Person who shall become a party to this Agreement on a later date, as of such later date, in each case taking into account any stock split, stock dividend, reverse stock split or similar event.
Initial Ownership means, with respect to any Shareholder and any class of Company Securities, the Aggregate Ownership of such class by such Shareholder as of the date hereof, or, in the case of any Person who shall become a party to this Agreement on a later date, as of such later date, in each case taking into account any stock split, stock dividend, reverse stock split or similar event.
Examples of Initial Ownership in a sentence
In such event, the number of Initial Ownership Company Shares to be registered for each selling stockholder named in the Resale Registration Statement shall be reduced pro rata among all such selling stockholders.
More Definitions of Initial Ownership
Initial Ownership. The relative Ownership Interest of the Members existing upon the execution of this Agreement entitling the holders thereof to all the benefits of ownership in the Company, but which Ownership Interests may be changed from time to time as set forth in this Agreement.
Initial Ownership means, with respect to any eFG Shareholder and any class of Company Securities, the Aggregate Ownership of such class by such eFG Shareholder immediately after consummation of the IPO, or, in the case of any Person who shall become a party to this Agreement on a later date, as of such later date, in each case taking into account any stock split, stock dividend, reverse stock split or similar event.
Initial Ownership means the form of title established by section 62;
Initial Ownership means, with respect to any Holder, the total number of shares of Company Shares “beneficially owned” (as such term is defined in Rule 13d-3 of the Exchange Act without reference to clause (d)(1) of such Rule) (without duplication) by such Holder immediately after the closing of the Merger or, in the case of any Person that shall become a party to this Agreement on a later date, as of such later date, in each case calculated on a Fully-Diluted Basis. For the avoidance of doubt, with respect to any Holder, Initial Ownership (a) shall give effect to, and therefore shall not include, any Company Shares sold by such Holder in the Merger and (b) shall not include any Company Shares purchased by such Holder or any Affiliate thereof in an open market transaction following consummation of the Merger.
Initial Ownership means, with respect to a Shareholder at any time, the fraction, the numerator of which is the number of Common Shares beneficially owned (as such term is defined in Rule 13d-3 under the Exchange Act) by such Shareholder as of the Closing Date and the denominator of which is the number of Common Shares beneficially owned by the Shareholder and all Other Shareholders who are then Eligible Shareholders.
Initial Ownership means, with respect to any Shareholder, the Aggregate Ownership of Common Shares by such Shareholder immediately after the IPO Closing Date, or, in the case of any Person that shall become a party to this Agreement on a later date, as of such later date, in each case taking into account any share split, share dividend, bonus share issue, reverse share split or similar event. For the avoidance of doubt, with respect to any Shareholder (other than CPPIB), Initial Ownership (a) shall give effect to, and therefore shall not include, any Common Shares sold by such Shareholder in the IPO and (b) shall not include any Common Shares purchased by such Shareholder or any Affiliate thereof as an underwriter in the IPO or purchased by such Shareholder or any Affiliate thereof in an open market transaction following consummation of the IPO. With respect to CPPIB, Initial Ownership shall give effect to and shall include any Common Shares purchased by CPPIB in the IPO, but shall not include any Common Shares purchased by CPPIB in open market transactions or otherwise following consummation of the IPO.
Initial Ownership means, with respect to each Executive as of the date of determination, the Common Stock (calculated on an as-converted basis) constituting and/or underlying the Executive Securities held by such holder as of the date such Executive became a party to this Agreement. For the avoidance of doubt, no right of any Executive that is determined by reference to Initial Ownership may be assigned or transferred.