Junior Shareholder definition
Junior Shareholder means the holders of Outstanding Shares listed on Annex III (which Annex shall be delivered prior to the Closing so as to be accurate as of the Closing) solely with respect to the number of Outstanding Shares set forth opposite their name on Annex III; provided, however, that the aggregate number of Outstanding Shares set forth on Annex III shall not be less than that number of Outstanding Shares that when multiplied by the Total Per Share Merger Consideration shall be equal to the Escrow Amount.
Examples of Junior Shareholder in a sentence
YLMG shall pay the sum of $5,000 to each Junior Shareholder in respect of the YLMG stock each is surrendering.