Examples of Qualified Investment Transaction in a sentence
Notwithstanding the foregoing provisions of this Section 3, in the event that (i) the Company does not consummate a Qualified Investment Transaction by the Investment Transaction Deadline or (ii) the Company does not obtain a Shelf Charter or acquire an Inflatable Charter by the Charter Deadline, any Option held by Participant shall be forfeited without any consideration.
Subject to the provisions of Section 2(d) below, the Restricted Stock shall vest on the latest of (x) achievement of the applicable Stock Price Goal (as defined below), (y) the occurrence of a Qualified Investment Transaction and (z) the Company obtaining a Shelf Charter or acquiring an Inflatable Charter, subject to Participant not having incurred a Termination of Service prior to the applicable vesting date.
Notwithstanding the foregoing provisions of this Section 2, in the event that (i) the Company does not consummate a Qualified Investment Transaction by the Investment Transaction Deadline or (ii) the Company does not obtain a Shelf Charter or acquire an Inflatable Charter by the Charter Deadline, any Shares of Restricted Stock held by Participant shall be forfeited without any consideration.
If the Company does not file a Registration Statement registering the resale of the Registrable Shares within one hundred eighty (180) days after the consummation of a Qualified Investment Transaction, other than as a result of the Commission being unable to accept such filing (a “Registration Default”), then, each of R.
If the Company does not file a Registration Statement registering the resale of the Registrable Shares within one hundred eighty (180) days after the consummation of a Qualified Investment Transaction, other than as a result of the Commission being unable to accept such filing (a “Registration Default”), then, each of Xxxxx X.
Notwithstanding the foregoing provisions of this Section 3, no Options shall vest or become exercisable prior to the Company’s consummation of a Qualified Investment Transaction and in the event that the Company does not consummate a Qualified Investment Transaction by the Investment Transaction Deadline, any Option held by Participant shall be forfeited without any consideration.