Nonvoting Common Stock definition
Examples of Nonvoting Common Stock in a sentence
The Stockholder owns no Shares other than the Subject Shares and owns no shares of Nonvoting Common Stock, par value $0.01 per share, of the Company.
As soon as practicable after Restricted Stock Units become vested, the Company shall deliver to the Employee one share of the Corporation's Class A Nonvoting Common Stock, $.01 par value ("Corporation Stock") for each Restricted Stock Unit which becomes vested.
No provision hereof, in the absence of affirmative action by the Holder hereof to purchase shares of the Nonvoting Common Stock, and no mere enumeration herein of the rights or privileges of the Holder hereof, shall give rise to any liability of such Holder for the Purchase Price or as a shareholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.
The Company hereby agrees that there shall be reserved for issuance and delivery upon conversion of the Non-Voting Common Stock such number of shares of Common Stock into which such shares of Non-voting Common Stock shall then be convertible.
The Company shall use the proceeds from the issuance and sale of the shares of Non-voting Common Stock sold in the offering as set forth in “Use of Proceeds” in the Offering Circular.