Team Stock definition

Team Stock means 600,000 shares of the common stock, $0.30 par value per share, of Team to be issued as set forth on Exhibit A, and otherwise in accordance with the terms and conditions of this Agreement.
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Team Stock means the common stock, $0.30 par value per share, of Team that Team shall issue to certain of the Sellers in accordance with the terms and conditions herein contained.
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Examples of Team Stock in a sentence

  • As of the date of this Agreement, (i) 100 shares of Top Team Stock and no shares of Preferred Stock have been issued, and options to purchase 2,200,000 shares of Top Team Stock have been reserved for issuance pursuant to options that have been or are to be granted under Top Team stock incentive plans.

  • Simultaneously with the Closing, EMKT shall contribute $2,000,000 in cash to the capital of Top Team in exchange for (i) 250,000 shares of Top Team Stock, 250,000 shares of Top Team Preferred Stock, having the powers, preferences and rights set forth in Schedule 5.5, and (ii) rights, expiring on the six-month anniversary of the Closing Date, to purchase 3,600,000 shares of Top Team Stock at a purchase price of $7.50 per share.

  • If the Edin Trust does not elect to receive any of the Purchase Price in Team Stock, Team shall deliver the entire amount of the Purchase Price for the Edin Trust's Climax Shares to the Edin Trust in Cash at the Closing, less 15% of said Purchase Price, which Team shall deliver to the Escrow Agent to be held in accordance with the terms of the Escrow Agreement.

  • If no such written election to receive Team Stock is delivered by the Benhams to Team, Team shall deliver the full amount of the Purchase Price for the Benhams' Climax Shares in Cash to the Benhams at Closing, less 15% of said Purchase Price, which Team shall deliver to the Escrow Agent to be held in accordance with the terms of the Escrow Agreement.

  • Executive will be eligible for the NP Capital Corp Executive Team Stock Option and Incentive plan as approved by the Board of Directors.

  • If the Benhams deliver their written election to Team at least five business days prior to the Closing to receive 100,000 shares of Team Stock in payment of $400,000 of the Purchase Price for the Benhams' Shares, Team shall deliver to the Benhams at Closing (i) certificates for 100,000 shares of Team Stock issued in the name specified by the Benhams in such written election (valued at $4.00 per share), and (ii) Cash for the remainder of the Purchase Price of their Climax Shares.

  • The Team Stock shall be valued at $4.00 per share for purposes of determining the number of shares of Team Stock, if any, which shall be issued in partial payment of the Purchase Price.

  • At either of the Seller"s election respectively, Team shall pay the Purchase Price to the Sellers in Cash and Team Stock as provided more fully below.

  • Notwithstanding the foregoing, Team shall deliver to the Escrow Agent to be held in accordance with the terms of the Escrow Agreement property representing 15% of the Purchase Price for the Edin Trust"s Climax Shares (which shall consist of 15% of the Cash portion of the Purchase Price and shares of Team Stock equal to 15% of the number of shares of Team Stock included in the Purchase Price).

  • As of the date of this Agreement, (i) 100 shares of Top Team Stock and no shares of Preferred Stock have been issued, options to purchase 2,200,000 shares of Top Team Stock have been reserved for issuance pursuant to options that have been or are to be granted under Top Team stock incentive plans, and rights to purchase 3,600,000 shares of Top Team Stock at $7.50 per share have been issued.

Related to Team Stock

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

  • Unit Shares means the Common Shares comprising part of the Units;

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Shares means the interests of Shareholders corresponding to the redeemable securities of record issued by the Fund under the Investment Company Act of 1940 that are held by the Intermediary.

  • Incentive Shares means an award of shares granted pursuant to Section XIII.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Company Stock means the common stock of the Company.

  • Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Bonus Shares means Shares that are awarded to a Grantee without cost and without restrictions in recognition of past performance (whether determined by reference to another employee benefit plan of the Company or otherwise) or as an incentive to become an employee of the Company or a Subsidiary.

  • 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 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, Common Shares.

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

  • Bonus Stock means shares of Common Stock which are not subject to a Restriction Period or Performance Measures.

  • Option Stock shall have the meaning set forth in Section 2(a) hereof.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Common Stock means the common stock of the Company.

  • Permitted Share Issue means an issue of:

  • Plan Shares means the total number of Common Shares which may be reserved for issuance as Optioned Shares under the Plan as provided in §2.2;

  • Equity Shares means the Common Shares and any shares of any other class or series of the Corporation which may from time to time be authorized for issue if by their terms such shares confer on the holders thereof the right to participate in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of the Corporation beyond a fixed sum or a fixed sum plus accrued dividends;

  • Co-op Shares Shares issued by private non-profit housing corporations.

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

  • 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.

  • A Shares means a participating share of no par value in the capital of the Fund, denominated in US Dollars;

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Restricted Share Award means an award of Restricted Shares.