Permitted Shares definition

Permitted Shares are shares of Corporation Common Stock to be delivered to pay the exercise price of the option (the "Delivered Shares"):

Permitted Shares means that number of (i) Shares and (ii) Common Stock issued or issuable upon any stock split, dividend or other distribution, recapitalization or similar event with respect to the foregoing that the Commission permits the Company to register for resale, issued by the Company to Hercules from time to time.

Permitted Shares means (i) Warrant Shares; (ii) Shares issued or issuable on conversion or exercise of Convertible Securities or Options outstanding on the date hereof and set forth on Schedule A hereto; and (iii) Reserved Employee Shares.

Examples of Permitted Shares in a sentence

• Provided that at the time of exercise of your option the Common Stock is publicly traded and quoted regularly in The Wall Street Journal, by delivery of already-owned shares of Common Stock that have a Fair Market Value (as defined in the Plan) on the date of exercise equal to the exercise price and that qualify as Permitted Shares.

• Buyer agrees that Seller may, subject to Section 10.4, assign title to the Shares to a Permitted Shares Transferee in accordance with the terms of the Consent Decree.

• Provided that at the time of exercise of your Option the Common Stock is publicly traded and quoted regularly in The Wall Street Journal, by delivery of already-owned shares of Common Stock that have a Fair Market Value (as defined in the Plan) on the date of exercise equal to the exercise price and that qualify as Permitted Shares.

• Permitted Shares surrendered as payment for shares purchased pursuant to the exercise of options granted under the Plan shall be valued, for such purpose, at the last sale price of the Company's Stock on the NASDAQ National Market System, as reported in The Wall Street Journal for the close of business on the last trading day preceding the date on which the certificate(s) for such shares, duly endorsed for transfer or accompanied by appropriate stock powers, are surrendered for such purpose to the Company.

• When specified in the contract documents, plants shall be sprayed with an 20antidesiccant meeting the requirements of Section 713-08, Materials for the Protection of Plants.

More Definitions of Permitted Shares

Permitted Shares means (i) Warrant Shares, (ii) Shares issued or issuable on conversion or exercise of Convertible Securities or options or warrants outstanding on the Closing Date, and (iii) all warrants issued concurrently herewith issued by the Company to _______ and dated as of April __, 2007.

Permitted Shares means 2,561,293 shares of Voting Common Stock of the Company which number shall increase to include the number of shares of Common Stock into which the Class B-1 Common Stock is convertible, once the Class B-1 Common Stock is converted (as adjusted for stock dividends, splits, recombinations and the like).

Permitted Shares means (i) Warrant Shares (ii) Shares issued or issuable on conversion or exercise of Convertible Securities or options or warrants issued or outstanding on the Closing Date and (iii) up to 8,799,998 Shares that may be issued to officers, directors, employees and consultants of the Company pursuant to such plans or agreements that the Board of Directors of the Company shall determine.

Permitted Shares means 1,933,346 shares of Common Stock of the Company (as adjusted for stock dividends, splits, recombinations and the like).

Permitted Shares means 3,306,792 shares of Common Stock, which number shall increase to include the number of shares of Common Stock into which the Class B-1 Common Stock and the Series B Preferred Stock is convertible, once the Class B-1 Common Stock and the Series B Preferred Stock is converted (as adjusted for stock dividends, splits, recombinations and the like); provided, however, until the Company consummates or if the Company does not consummate the transactions contemplated by the Smittybilt Investment Agreement, 3,306,792 shall be replaced by 3,149,080 in this Section 4.11.

Permitted Shares means (x) any shares of Common Stock or securities convertible into Common Stock ("Convertible Securities") issued or issuable, after the date hereof, to officers, directors or employees of, or consultants to, or to persons who were to become officers, directors or employees of, or consultants to, the Company pursuant to awards or grants made prior to the date hereof, (y) 500,000 shares of Common Stock issued after the date hereof, including but not limited to any shares of Common Stock or Convertible Securities issued or issuable to officers, directors or employees of, or consultants to, or to persons who were to become officers, directors or employees of, or consultants to, the Company pursuant to awards or grants made after the date hereof under stock option, stock incentive, stock appreciation, stock bonus, stock award or compensation plans or arrangements or employment letters or any other employee benefit plans presently in effect or which may hereafter be adopted or entered into by the Company, and (z) any shares of Common Stock or Convertible Securities issued or issuable upon conversion of any Convertible Securities.

Permitted Shares means (i) Warrant Shares and (ii) Convertible Securities (and any Shares underlying such Convertible Securities) issued with the prior written consent of the Majority Holders.