Definition of Ten Percent Member

Ten Percent Member - means a person who owns interests possessing more than ten percent (10%) of the total combined voting power of all classes of equity of the Company or of any of its Affiliates immediately before such Option is granted, and in accordance with Section 32(a) of the Tax Ordinance.
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Examples of Ten Percent Member in a sentence

No Ten Percent Member shall have any obligation hereunder to make any such capital contribution.