MMC Stock definition
Examples of MMC Stock in a sentence
Each Seller hereby agrees to be bound by the resale restrictions applicable to his or her shares of MMC Stock under the Registration Rights Agreement, as provided therein.
Mercer shall cause ▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ to execute and deliver to CDI and the Shareholders, the Registration Rights Agreement in the form of Exhibit H (the "Registration Rights Agreement") providing for registration under the 1933 Act of all MMC Stock payable to CDI or the Shareholders on the Closing Date under Section 3.2 of this Agreement, all as provided in such agreement.
If your employment with ▇▇▇▇▇▇ is terminated in accordance with paragraphs 4.B, 4.D or 4.E of this Agreement, then the MMC Stock Option shall vest and become exercisable as of the date of such termination.
The board of directors of MMC has duly approved the issuance of the shares of MMC Stock to be issued pursuant to Section 2 hereof and MMC, as the sole stockholder of Seabury, has duly approved the execution, delivery and performance of this Agreement by Seabury.
The MMC Stock to be delivered pursuant to this Agreement has been duly authorized and will, when so delivered, be validly issued and outstanding, fully paid and non-assessable.
Seabury shall have received all necessary consents and approvals of other persons or governmental authorities, to the issuance of MMC Stock.
CDI and each Shareholder hereby agrees to be bound by the resale restrictions applicable to the shares of MMC Stock under the Registration Rights Agreement, as provided therein.
If your employment with ▇▇▇▇▇▇ is terminated by ▇▇▇▇▇▇ or MMC (acting through its Compensation Committee) pursuant to paragraph 4.A of this Agreement or by you for any reason other than pursuant to paragraph 4.E of this Agreement, then you shall forfeit the MMC Stock Option granted pursuant to this paragraph 3.D(ii), whether or not then exercisable, to the extent not exercised as of the date of such termination.
In the event of a termination of your employment pursuant to paragraph 4.C of this Agreement, then the MMC Stock Option shall vest and become exercisable and the person or persons to whom your rights under the MMC Stock Option shall pass by will or the laws of descent and distribution shall be entitled to exercise such MMC Stock Option within one year after the date of death, but in no event shall the MMC Stock Option be exercised beyond its expiration date.
For purposes hereof, the Available Shares shall initially be equal to the number of Original Shares and shall be reduced upon each indemnification payment hereunder by the number of shares of MMC Stock which have a market value at the time of such payment equal to the amount of such payment.