Examples of Stockholder Shares in a sentence
The regulatory process for the import and release of biological control agents by DAFF is in accordance with the International Plant Protection Convention and the relevant International Standards for Phytosanitary Measures developed by the Food and Agriculture Organization (FAO) of the United Nations.
In the Stockholder Agreement, the definition of “Stockholder Shares” is, essentially, “any Common Stock.” The Stockholder Agreement further states that “any Person who holds Preferred Stock shall be deemed to be the holder of the Stockholder Shares issuable directly or indirectly upon conversion of the Preferred Stock.” This notice provision was presumably designed to cover a person who purchased preferred stock from the original preferred stockholders who had the option to convert their shares.
The Selling Stockholder Shares have been duly authorized by all necessary corporate action of the Company and are validly issued, fully paid and nonassessable.This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act.
Up to an additional 500,000 Initial Stockholder Shares are subject to forfeiture by the Sponsor at the discretion of Alliance.
The Company did not receive any of the proceeds from the sale of Selling Stockholder Shares.