Prior Stock definition

Prior Stock means any Capital Stock ranking as to dividends or as to rights in liquidation, dissolution or winding-up of the affairs of the Corporation prior to the Series A Preferred Stock.

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Prior Stock means any Capital Stock ranking prior to the Preferred Stock with respect to payments of dividends or with respect to distributions of assets, including distribution of assets upon Liquidation.

Prior Stock means all stock of the Corporation ranking, as to redemption, conversion, payment of dividends or distribution of assets, prior to the Preferred Stock.

Examples of Prior Stock in a sentence

The parties agree that the continuation of the Prior Stock Grant(s) and Prior Performance Stock Grants (if any) is additional consideration for the commitments made by Officer in Section 8 of this Agreement.
In addition, the Restricted Stock and any Prior Stock Awards shall vest immediately and/or become exercisable, as the case may be.
Except for the preservation of the Prior Stock Grant(s) and Prior Performance Stock Grants (if any) as provided in this Section, this Agreement is intended to cancel and supercede the terms of the prior employment agreement between the Officer and the Company dated 10-4-04.
Except for the preservation of the Prior Stock Grant(s) and Prior Performance Stock Grants (if any) as provided in this Section, this Agreement is intended to cancel and supercede the terms of the prior employment agreement between the Officer and the Company dated October 4, 2004.
The parties agree that the continuation of the Prior Stock Grant(s) is additional consideration for the commitments made by Officer in Section 8 of this Agreement.
The parties hereto intend and assume that the cancellation of the Stock Grant and restructuring of ▇▇▇▇’▇ Prior Stock Options comply with the Internal Revenue Code and rules promulgated thereunder, including, but not limited to Section 409A of the Internal Revenue Code regarding nonqualified deferred compensation.
For the avoidance of doubt, in the event that such stockholder approval is not obtained by the earlier of (x) the Amendment Approval Date or (y) a Change of Control, this Agreement and the grant of Options hereunder (and the cancelling of the Prior Stock Option Agreement) shall be null and void ab initio and be of no further force or effect.
Optionee acknowledges and agrees that neither Realty nor the Company has any remaining obligations to Optionee under, and that Optionee has no remaining rights, past or future, under, the Prior Stock Option Agreement.
In recognition of ▇▇▇▇’▇ willingness to terminate the Stock Grant and Prior Stock Options, all to the substantial financial benefit of the Company and in recognition of ▇▇▇▇’▇ leadership and services to the Company, the Company agrees to grant certain stock options to ▇▇▇▇.
Except for the preservation of the Prior Stock Grant(s) as provided in this Section, this Agreement is intended to cancel and supercede the terms of the prior employment agreement between the Officer and the Company dated 10/15/2001 .

More Definitions of Prior Stock

Prior Stock means stock of any other class of the Company ranking prior to the Series A Preferred Stock with resect to the payment of dividends or the distribution of assets or any securities of any kind convertible into shares of such Prior Stock.

Prior Stock means any stock of the Company which has a preference over the Series A Preferred as to payment of dividends or as to distribution of assets.

Prior Stock means any stock ranking senior, either as to dividends or upon liquidation, to the Series A Preferred Stock.

Prior Stock means all Equity Capital ranking, either as to payment of dividends, distribution of assets, or in any other respect, prior to the Class A Preferred Stock.