Reacquired Shares definition

Reacquired Shares has the meaning specified in Section 5.6(a)(6).
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Reacquired Shares means Shares, if any, reacquired by the Company on the open market with the Option Proceeds, provided that the aggregate of such Reacquired Shares may not exceed fifty percent (50%) of the aggregate Shares (excluding Reacquired Shares) authorized in SECTION 3.
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Reacquired Shares means Shares, if any, reacquired by the Company on the open market, but which shall not, at the time of reference, exceed, in the aggregate, the lesser of (i) Shares having an aggregate purchase price equal to the Option Proceeds at such time of reference, and (ii) fifty percent (50%) of the aggregate Shares (excluding Reacquired Shares) authorized in the first paragraph of Section 5, as it may be in effect at such time of reference.
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Examples of Reacquired Shares in a sentence

  • The undersigned has analyzed the risks attendant to an investment in the Reacquired Shares and has made his decision to reacquire the Reacquired Shares based on his own analysis of the Company's business, financial condition, results of operations and prospects without representation or warranty with respect thereto from either you or the Company.

  • The undersigned understands that his investment in the Reacquired Shares involves a high degree of risk.

  • Stop transfer instructions will be placed with the transfer agent of the securities constituting the Reacquired Shares.

  • High indexes were also noted in communes having specific, structured economies, mainly based on tourism.

  • Furthermore, the sale of a significant quantity of the Reacquired Shares in a foreclosure, private placement or market sale could only be made at a significant discount from market, especially since they represent only a minority interest in the Company in which a majority of the outstanding shares of Common Stock are owned by two related stockholders.

  • These amounts exclude shares reacquired to pay for the related income tax upon issuance of shares in accordance with the terms of the Company’s stockholder-approved equity compensation plans and the equity rights granted under those plans ("Reacquired Shares").

  • You acknowledge that the Reacquired Shares are "restricted securities," are not registered for resale under the Securities Act of 1933, as amended (the "Securities Act"), and, therefore, may only be sold in a private placement to a limited number of qualified purchasers or under Rule 144 ("Rule 144") promulgated by the Securities and Exchange Commission (the "SEC") under the Securities Act in limited quantities and otherwise in compliance with that Rule.

  • In addition, the Reacquired Shares are subject to certain voting obligations pursuant to a Stockholders Agreement to which you are a party with the two principal stockholders of the Company.

  • Legends shall be placed on the certificates evidencing the Reacquired Shares to the effect that such shares of Common Stock have not been registered under the Securities Act or applicable state securities laws and appropriate notations thereof will be made in the Company's stock books.

  • Reacquired Shares Any shares of Series C Preferred Stock purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof.


More Definitions of Reacquired Shares

Reacquired Shares means Shares, if any, which are (i) delivered to the Company in full or partial payment of the Option Price of an Option, (ii) reacquired by the Company on the open market with the Option Proceeds, or (iii) designated by the Board as being deemed to have been reacquired as Reacquired Shares from authorized but unissued or treasury Shares as of a specific future date and at the deemed reacquisition price on the deemed reacquisition date; provided, in each case described in (ii) or (iii), that such reacquisition is specifically approved and directed in writing by the Board, and that, in the case of (iii) the deemed reacquisition price shall be the Fair Market Value of the Shares on the deemed reacquisition date; and provided, finally, that the aggregate of such Reacquired Shares may not exceed seventy-five percent (75%) of the aggregate Shares (excluding Reacquired Shares) authorized in SECTION 3.
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Related to Reacquired Shares

  • Company Shares means the common shares in the capital of the Company;

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

  • Retained Shares has the meaning set forth in the recitals.

  • Shares means the shares of Common Stock issued or issuable to each Purchaser pursuant to this Agreement.

  • Common Shares means the common shares in the capital of the Company;