Initial Stock definition

Initial Stock means 800 000 ( eight hundred thousand) fully paid shares of Common Stock of the Company to be issued to the Noteholder at the Note Conversion Price in terms hereof and which are subject to downward adjustment pursuant to partial conversion as contemplated in Section 2(a) hereof.

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Initial Stock means all of the outstanding Common Stock issued prior to the consummation of the Company’s initial public offering.

Initial Stock means the 5,000,000 shares of Common Stock issued to Holders pursuant to Section 1.2(a) of the Purchase Agreement.

Examples of Initial Stock in a sentence

• Initial Stock Loan Rate: For each Transaction, as specified in the Supplemental Confirmation for such Transaction.

• Failure to Deliver: Inapplicable Insolvency Filing: Applicable Loss of Stock Borrow: Applicable Maximum Stock Loan Rate: 200 basis points per annum Increased Cost of Stock Borrow: Applicable Initial Stock Loan Rate: 25 basis points per annum Increased Cost of Hedging: Applicable.

• Initial Stock Loan Rate: 25 basis points, as adjusted by the Calculation Agent to reflect any subsequent Price Adjustment due to an Increased Cost of Stock Borrow.

• In the event that the Employee's employment is terminated, then the Company shall have the right, but not the obligation, to repurchase all or a part of the Initial Stock then owned by the Employee at a price equal to fair market value, less any appropriate discounts for the restrictive nature of, and the minority interest represented by, the Initial Stock.

• During the Term of Employment, the Employee shall, subject to the consummation of the IPO, be eligible to be granted options (in addition to the Initial Options) to purchase Common Shares at such price and subject to such terms as provided by the Company's Initial Stock Option Plan, in the sole discretion of the Board of Directors of the Company.

More Definitions of Initial Stock

Initial Stock has the meaning assigned to such term in Section 2.01.

Initial Stock. The Preferred Stock issued to Ambra pursuant to Section 2.06 hereof.

Initial Stock shall have the meaning specified in Recital B. -------------

Initial Stock shall have the meaning specified in Section 2.1(a)(i).

Initial Stock means the total amount of Licensed Products to be ordered in FHLR’s or its Affiliates first purchase order before Commercial Launch of such Licensed Product as determined pursuant to Section 2.7.

Initial Stock has the meaning given in Schedule 24;

Initial Stock means the Common Stock and Series A Preferred Stock held by Minto Delaware as of the date hereof.