Non-Founders definition
Examples of Non-Founders in a sentence
Notwithstanding the foregoing, (i) only a Company Right shall apply to the Shares acquired pursuant to the Common Stock Purchase Agreement, other than the Shares so acquired by ▇▇▇▇▇ ▇▇▇▇▇▇, (ii) no Investor Right shall apply to any Offered Shares offered by Non-Founders and (iii) only Common Stock Holders who are parties to the Shareholder Rights Agreement shall have a Common Stock Holders Right.
Upon the termination of employment with the Surviving Corporation of any Non-Founder Optionholder, either based on Voluntary Termination or termination by the Surviving Corporation for Cause Applicable to the Non-Founders, any Merger Consideration allocated but not yet due and payable to such Optionholder shall be forfeited by such Optionholder, and the aggregate Merger Consideration payable pursuant to Section 2.1(d) shall be reduced by such amount.
Non-Founders" shall mean ▇▇▇▇▇-▇▇▇▇▇ (▇▇▇▇▇) ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇-▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇ (▇▇▇▇) ▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, and ▇▇▇▇ Ta.
Any amendment or waiver effected in accordance with this Section 6.2 shall be binding upon the Company, the Investors, the PRC Companies, the Ordinary Shareholders, the Founders, the Non-Founders and their respective assigns.
Notwithstanding the foregoing, any amendment that adversely impacts the rights of the Non-Founders shall require the approval of the Non-Founders holding at least a majority of the Common Stock of the Company then held by the Non- Founders.
The Investors shall be entitled to appoint and remove one (1) director, and the Ordinary Shareholders shall be entitled to appoint and remove the remaining four (4) directors, among whom two (2) directors shall be appointed and removed by the Founder Ordinary Shareholders according to the instruction and approval of the Founders and the remaining two (2) directors shall be appointed and removed by the Other Ordinary Shareholders according to the instruction and approval of the Non-Founders.
The Founders shall enter into Employment Agreements and Noncompetition and Nonsolicitation Agreements, substantially in the forms of Exhibits F-1 and G-1 attached hereto, and the Non-Founders shall enter into Employment Agreements and Noncompetition and Nonsolicitation Agreements, substantially in the -49- forms of Exhibits F-2 and G-2 attached hereto (collectively, the "Employment Agreements" and "Noncompetition and Nonsolicitation Agreements").
Each issued and outstanding share of the Company Common Stock held by the Non-Founders shall be canceled and converted into the right to receive the Non-Founder Per Share Merger Consideration, without interest, to be paid in accordance with Section 2.05(a) and the Escrow Agreement.