Examples of Parent Common Stock in a sentence
The Registration Rights Agreement is hereby amended so that (a) references to Founder Shares, shares of Common Stock issuable upon conversion of the Founder Shares, and shares of Common Stock shall refer to Parent Common Stock (as defined in the Business Combination Agreement, and (b) references to Private Placement Warrants and Working Capital Warrants shall refer to Parent Warrants (as defined in the Business Combination Agreement).
Of such reserved shares of Parent Common Stock pursuant to the Parent 2012 Zenbanx Plan, options to purchase 30,184 shares of Parent Common Stock have been granted and are outstanding (the “Parent 2012 Zenbanx Plan Options,” and together with the Parent 2011 Stock Plan Options, the “Parent Stock Options”) and 4,816 shares of Parent Common Stock remain available for issuance pursuant to the Parent 2012 Zenbanx Plan, in each case as of the date hereof.
Parent has reserved (i) 88,426,267 shares of Parent Common Stock for issuance pursuant to its Parent 2011 Stock Plan duly adopted by the board of directors of Parent and approved by the holders of outstanding voting stock of Parent (the “ Parent 2011 Stock Plan”); and (ii) 35,000 shares of Parent Common Stock for issuance pursuant to the 2012 Zenbanx Stock Plan (the “Parent 2012 Zenbanx Plan”).
The exercise price of each Assumed Option, the number of shares of Parent Common Stock issuable pursuant to each Assumed Option and the terms and conditions of each Assumed Option shall in all events be determined in compliance with Section 409A of the Code, and in the case of any Assumed Option that qualifies as an “incentive stock option” within the meaning of Section 422 of the Code, Section 424(a) of the Code.
To Parent’s knowledge, all individuals who have purchased unvested shares of the Parent Common Stock have timely filed elections under Section 83(b) of the Code and any analogous provisions of applicable state tax laws.