Shares Subject to Forfeiture definition

Shares Subject to Forfeiture shall have the meaning given such term in the Certificate of Incorporation.
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Shares Subject to Forfeiture means 300,000 (as such number may be subsequently adjusted pursuant to Section 6.1) shares of the Class B Common Stock purchased pursuant hereto.
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Examples of Shares Subject to Forfeiture in a sentence

  • According to this formulation, even after becoming politically independent (or legally emancipated), former colonial societies remained overwhelmingly defined by a persistent colonial ‘state of mind.’ Within this lingering state, the self-identity of the populations of post-emancipated nations continued being defined in contrast with the image they held about the industrialized world, consistently perceived as being superior and worthy of emulation.

  • Shares Subject to Forfeiture shall be deemed no longer subject to forfeiture immediately prior to the occurrence of the Restriction Lapse referred to in clause (iv) or (v) of this Section 5.2.

  • Xxxxxxxx Title: Chief Executive Officer EXHIBIT A Initial Shareholders Name of Initial Shareholder Number of Shares Date of Insider Letter Modiv Venture Fund, LLC 2,875,000 [●], 2021 EXHIBIT B Escrow Shares Subject to Forfeiture Modiv Venture Fund, LLC – 375,000 EXHIBIT C Insider Letter(s) Insider Letter by and between the Company, Modiv Venture Fund, LLC and Chardan Capital Markets LLC, dated [●], 2021.

  • The amount of any commission, discount or other compensation to be paid by the Company to Ladenburg in connection with the sale of the Placement Securities shall be calculated in accordance with the terms set forth in Exhibit B.

  • The recommended salary increase includes $2,798 in pay, which relates to a 4.8 percent increase, and $601 in related fringe.

  • Peter Suber, ‘Open Access Overview’, online: http://www.earlham.edu/~peters/fos/overview.htm .

  • Includes 685,682 shares of common stock issuable pursuant to options exercisable within 60 days of April 12, 2022, 173,390 shares of common stock underlying restricted stock units that vest within 60 days of April 12, 2022, 1,266,884 shares of common stock issuable upon the exercise of warrants and 3,819,665 Founder Shares Subject to Forfeiture.

  • EXHIBIT B Escrow Shares Subject to Forfeiture Arisz Investment LLC – 225,000 shares EXHIBIT C Insider Letter Insider Letter Agreement by and among the Company, Chardan Capital Markets LLC and the Company’s officers, directors and stockholders, dated November 17, 2021.

Related to Shares Subject to Forfeiture

  • Deferred Stock means a right to receive a specified number of shares of Stock during specified time periods pursuant to Article 8.

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

  • Forfeiture means that portion of a Participant's Account that is not Vested, and occurs on the earlier of:

  • Risk of Forfeiture means a limitation on the right of the Participant to retain Restricted Stock or Restricted Stock Units, including a right in the Company to reacquire shares of Restricted Stock at less than their then Market Value, arising because of the occurrence or non-occurrence of specified events or conditions.

  • Common Share Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Common Shares, including, without limitation, any debt, preferred shares, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Shares.

  • Share Equivalents means any securities of the Company or its subsidiaries which would entitle the holder thereof to acquire at any time Shares, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Shares.

  • Additional Shares of Common Stock means all shares of Common Stock issued (or, pursuant to Subsection 4.4.3 below, deemed to be issued) by the Corporation after the Original Issue Date, other than (1) the following shares of Common Stock and (2) shares of Common Stock deemed issued pursuant to the following Options and Convertible Securities (clauses (1) and (2), collectively, “Exempted Securities”):

  • Shares Eligible for Future Sale and "Underwriters" and (B) in the Registration Statement in Items 14 and 15, in each case insofar as such statements constitute summaries of the legal matters, documents or proceedings referred to therein, fairly present the information called for with respect to such legal matters, documents and proceedings and fairly summarize the matters referred to therein;

  • Company Stock means, collectively, the Company Common Stock and the Company Preferred Stock.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Ordinary Shares Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Ordinary Shares, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Ordinary Shares.

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.

  • Capital Shares Equivalents means any securities, rights, or obligations that are convertible into or exchangeable for or give any right to subscribe for any Capital Shares of the Company or any warrants, options or other rights to subscribe for or purchase Capital Shares or any such convertible or exchangeable securities.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Period of Restriction means the period during which the transfer of Shares of Restricted Stock are subject to restrictions and therefore, the Shares are subject to a substantial risk of forfeiture. Such restrictions may be based on the passage of time, the achievement of target levels of performance, or the occurrence of other events as determined by the Administrator.

  • Awarded Stock means the Common Stock subject to an Award.

  • shares of Common Stock means (i) the class of stock designated as the Common Stock of the Company at the date of this Agreement, or (ii) any other class of stock resulting from successive changes or reclassifications of such shares consisting solely of changes in par value, or from par value to no par value, or from no par value to par value. In the event that at any time, as a result of an adjustment made pursuant to paragraph (a) above, the Warrant Holders shall become entitled to purchase any securities of the Company other than shares of Common Stock, thereafter the number of such other securities so purchasable upon exercise of each Warrant and the Exercise Price of such securities shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the Warrant Shares contained in paragraphs (a) through (i), inclusive, above, and the provisions of Section 7 and Section 12.2 through 12.5, inclusive, with respect to the Warrant Shares, shall apply on like terms to any such other securities.

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

  • Common Share Equivalent shall have the meaning ascribed to it in Section 11(a)(iii) hereof.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

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

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;