Tradable definition
Tradable with respect to any shares of Common Stock as of any time means that as of such time (i) such shares shall be held, or eligible to be held, in an account on behalf of the Holder at the DTC, (ii) there shall be no SEC or judicial stop trade order or trading suspension stop-order or any restriction in place with the transfer agent for the Common Stock with restricting the trading of such Common Stock and (iii) such shares shall be then eligible under all applicable federal and state securities laws for immediate resale to the public without volume, manner of sale, holding period, prospectus delivery, filing, registration, qualification or other limitations, requirements or restrictions.
Tradable means “readily tradable on an established securities market or otherwise,” as described in Section 1.280G-1, Q/A-6 of the Treasury Regulations under Section 280G of the Code.
Tradable shall be construed accordingly;
Examples of Tradable in a sentence
For avoidance of doubt, each portion of the Additional Consideration hereunder shall be Tradable (including for resale) as of the applicable Closing Date, without any limitations, requirements, or other contractual or regulatory restrictions.
More Definitions of Tradable
Tradable means “readily tradable on an established securities market or otherwise,” as described in Section 1.280G-1, Q/A-6 of the Treasury Regulations under Section 280G of the Code. For the avoidance of doubt, all excise tax liabilities under Section 4999 of the Code shall remain your sole responsibility and you shall not be entitled to any excise tax gross-up.
Tradable means Additional Consideration to be registered for resale pursuant to the Securities Act as of the date of such issuance, with no lock-up restrictions imposed by the issuer thereof, other than the limitations specified in the Registration Rights Agreement.