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.
View Source
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.
View Source

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.

  • Team acknowledges that Sellers have requested that Team issue 5,000 shares of the Team Stock to G.A. Herr▇▇▇ & ▇o., and Team agrees to comply with such request.

  • The then remaining shares of Team Stock shall continue to be held by the Escrow Agent until the first business day after the third annual anniversary of the Closing Date; on such date, the Parties agree that the Escrow Agent shall release to Sellers all remaining shares of Team Stock held in the Escrow Account.

  • 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 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.

  • 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.

  • 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 amount of shares of Team Stock released by the Escrow Agent, as described in this Section 2.3.5, shall be subject to reduction in each case by any asserted and pending Claims.

  • Team shall deliver (i) $500,000.00 in Cash, and (ii) the Team Stock to the Escrow Agent (such Cash and such Team Stock being referred to as the "Deferred Payment").