Minor Shareholder definition

Minor Shareholder has the meaning ascribed to such term in the recitals.
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Minor Shareholder means a shareholder who, directly or indirectly, collectively holds more than 5 percent but not more than 10 percent of the total paid-up shares in the company applying for a license, including shares held by a connected person.
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Minor Shareholder has the meaning as ascribed to it under Clause 10.12.5;
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Examples of Minor Shareholder in a sentence

  • During any period in which a Shareholder is a Minor Shareholder, such Shareholder may but is not obliged to appoint a Singapore Nominee in addition to the directors it is entitled to appoint under clause 5.1(a).

  • Upon becoming a party to this Agreement, such Additional Series A Investor and Subscriber, as the case may be, shall be deemed to be, and shall be subject to the same obligations as, (x) in the case of an Additional Series A Investor, an Additional Series A Shareholder hereunder and (y) in the case of a Subscriber, a Major Shareholder or Minor Shareholder as set out on Schedule 1 and Schedule 2 hereto.

  • The Company and the ------------------------------------------------ stockholders named therein shall have duly executed and delivered the Amended and Restated Minor Shareholder Agreement.

Related to Minor Shareholder

  • Major Shareholder means a shareholder who directly or indirectly holds 10% or more of the voting rights.

  • ² Shareholder means a person who owns shares in the company and is actively involved in the management of the company or business and exercises control over the company.

  • 10% Shareholder means a person who owns, directly or indirectly, stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary of the Company. Indirect ownership of stock shall be determined in accordance with Code Section 424(d).

  • Shareholder means a person who owns shares in the company and is actively involved in the management of the enterprise or business and exercises control over the enterprise.

  • Major Shareholders means major shareholders prescribed in Rule 402, Item 2,