Purchased Stock definition
Examples of Purchased Stock in a sentence
If shares of Purchased Stock are withheld for such purpose, they will be withheld at Market Value.
If Participant fails to reimburse the Company for any such amount when requested, the Company has the right to recover that amount by selling or canceling sufficient shares of any Purchased Stock held by Participant.
Whether or not certificates representing shares of Purchased Stock have been issued or delivered, Participant will have all the rights of a shareholder of Purchased Stock, including voting, dividend and distribution rights, with respect to shares of Purchased Stock owned by Participant.
All certificates representing shares of Purchased Stock will bear such legends as the Board determines are necessary or appropriate.
If the Purchased Stock equity is a part of the equity that the Borrower holds in Company, the Borrower shall continue to pay the rest amount of the Loan as per the provisions of Paragraph 4 of Article I hereof.