Equity Stake Sample Clauses

Equity Stake. A. Within ten (10) days of the Start Date, the Company will grant Executive an option to purchase seventy-two million (72,000,000) shares of the Company’s stock (which is equal to eight percent (8%) of the Company’s issued and outstanding shares).
Sample 1Sample 2
AutoNDA by SimpleDocs
Equity Stake. Concurrent with execution of this Agreement, Quintiles shall execute a Stock Purchase Agreement to purchase five million dollars ($5,000,000) of CVT common stock on the terms and conditions as set forth therein ("Stock Purchase Agreement"). The terms and conditions of such equity purchase, and the covenants of each Party related thereto, shall be governed solely by the Stock Purchase Agreement and the related documents executed pursuant thereto.
Sample 1Sample 2
Equity Stake. Boxlot shall grant to theglobe, pursuant to industry- standard terms negotiated between the parties in good faith, immediately vested options to purchase shares of common stock equal to up to 4% of Boxlot's fully diluted capital stock (in accordance with the chart below). Theglobe shall be restricted from exercising such options until the first anniversary of the Effective Date, and such options shall have a five-year term. Each such option shall have an exercise price equal to the lesser of (1) the price at which Boxlot's common stock is sold to the public in an initial public offering or (2) $6 per share; each of the foregoing as may be adjusted for any stock splits, combinations or re-organizations affecting Boxlot's capital stock. Boxlot shall grant to theglobe registration rights for such options and any shares of common stock issued or issuable upon the exercise of such options (including without limitation, two demand registration rights and unlimited piggyback registration rights) on Form X-0, Xxxx X-0 or such other form as may be applicable pursuant to the Securities Act of 1933 as amended. ------------------------------------------------------------------------------------------------------------------ Number of aggregate unique users, as measured by Aggregate percent of Boxlot's equity subject to the unique IP addresses, in a month who visit a page options upon achieving such level once under the Domain Name ------------------------------------------------------------------------------------------------------------------ 500,000 1% ------------------------------------------------------------------------------------------------------------------ 1,000,000 2% ------------------------------------------------------------------------------------------------------------------ 1,500,000 3% ------------------------------------------------------------------------------------------------------------------ 1,750,000 3.5% ------------------------------------------------------------------------------------------------------------------ 2,000,000 4% ------------------------------------------------------------------------------------------------------------------ XXXXXXXX.XXX, INC.: THE BOXLOT COMPANY: By: /s/ Xxxx Xxxxxxx By: /s/ Xxxxxxxxx Xxxx Name: Xxxx Xxxxxxx Name: Xxxxxxxxx Xxxx Title: COO Title: CEO EXHIBIT A BUSINESS TERMS Description of the Service: person-to-person auctions Description of Boxlot Content: *** Domain Name for the Co-Branded Pages: xxxx...
Sample 1Sample 2
Equity Stake. Sky Guys’ Equity Stake shall be subject to the terms and conditions set forth in a unanimous shareholders agreement that shall be mutually negotiated and agreed upon by both of the parties hereto acting reasonably. Should the Licensee seek to sell a controlling interest in the Licensee to a third party or to sell substantially all of the assets of the Licensee to a third party, the Licensee shall pay the greater of the current Equity Stake or twenty percent (20%) of the purchase price to Sky Guys in full payment of the Equity Stake. Should the Licensee choose not to renew this Agreement at the end of the Term, the full amount of the current Equity Stake shall become immediately due and payable to Sky Guys, unless the non-renewal follows at least one renewal term, whereupon the Equity Stake shall be reduced by twenty-five percent (25%). Should the Licensee default or otherwise breach this Agreement, an amount equal to one hundred and fifty percent (150%) of the current Equity Stake shall become immediately due and payable to Sky Guys, together with such other and further remedies and damages available to Sky Guys at law and the continuance of all other obligations due and owing to Sky Guys, including but without limiting the restrictive covenants contemplated herein.
Sample 1
Equity Stake. The Board has approved the issuance to Hammxxx xx an option to purchase a total of 250,000 shares of the Company's common stock (the "Options") in accordance with Company's Stock Option Plan (the "Plan"). The Plan provides that fifty (50) percent of the options vest on May 8, 1999 and the remaining fifty (50) percent of the options vest on May 7, 2000. Upon the execution of this Agreement the Options shall be amended to provide that in the event of a Change of Control of the Company, all of the options issued pursuant to the Options shall become fully vested as of the date of the Change of Control. In the event of Hammxxx'x death all Options shall become fully vested as of that date, and ownership shall be held by Hammxxx'x xxxeficiary. On December 31, 1999 the Board granted an additional 250,000 options which will vest over a 3-year period based upon performance milestones set and agreed upon by the Compensation Committee of the Board and Hammxxx.
Sample 1
Equity Stake. The Board has approved the issuance to Scotx xx an option to purchase a total of 125,000 shares of the Company's common stock (the "Options") in accordance with Company's Stock Option Plan (the "Plan"). The Plan provides that fifty (50) percent of the options vest on November 6, 1999 and the remaining fifty (50) percent of the options vest on
Sample 1
Equity Stake. The Board has previously approved the issuance to Xxxxxx of two separate options to purchase a total of 520,000 shares of the Company's common stock (the "Options") in accordance with the Company's Stock Option Plan (the "Plan"). The Plan provides that fifty percent of the options vest upon the completion of one year's service and the remaining fifty percent of the options vest upon the completion of the second year service. However, in the event that the Company files for bankruptcy protection pursuant to the United States Bankruptcy Code, the parties have agreed that all of the options issued pursuant to the Option shall become fully vested as of the date the Company files its Petition for Bankruptcy Protection. The Options shall be further amended to provide that in the event of a Change of Control of the Company, all of the options issued pursuant to the Options shall become fully vested as of the date of the Change in Control. A "Change in Control" is defined herein as a transaction or a series of related transactions resulting in the sale of all or substantially all of the Company's assets or a merger or consolidation, or sale or transfer of securities, which results in any entity which does not currently hold any of the outstanding voting securities of the Company (as determined immediately prior to such merger or consolidation or sale or transfer of stock) owning, directly or indirectly, thirty-three percent or more of the beneficial interest in the outstanding voting securities of the Company or the surviving corporation that controls the Company or of such surviving corporation's parent corporation (determined immediately after such merger or consolidation or sale or transfer of stock). Except as otherwise provided herein, the Option shall be subject to the terms and conditions of the Company's stock option plan and the Company's standard form of stock option agreement, as amended in accordance with this Agreement, which Xxxxxx shall be required to sign as a condition to receiving the Options as provided herein.
Sample 1
AutoNDA by SimpleDocs
Equity Stake. The Company will recommend that its Board approve the issuance to Xxxxxx of options to purchase 400,000 shares of the Company's common stock (the "Option") in accordance with the Company's Stock Option Plan (the "Plan"). The Plan provides that fifty percent of options vest upon the completion of one year's service and the remaining fifty percent of options vest upon the completion of the second year's service. However, in the event that the Company files for bankruptcy protection pursuant to the United States Bankruptcy Code, the parties agree that all of the options issued pursuant to the Option shall become fully vested as of the date the Company files its Petition for Bankruptcy Protection. Except as otherwise provided herein, the Option shall be subject to the terms and conditions of the Company's stock option plan and the Company's standard form of stock option agreement, which Xxxxxx shall be required to sign as a condition of the issuance of the Initial Stock Option.
Sample 1
Equity Stake. The Board has approved the issuance to Burnxx xx an option to purchase a total of 500,000 shares of the Company's common stock (the "Options") in accordance with Company's Stock Option Plan (the "Plan"). The Plan provides that fifty (50) percent of the options vest on May 8, 1999 and the remaining fifty (50) percent of the options vest on May 7, 2000. Upon the execution of this Agreement the Options shall be amended to provide that in the event of a Change of Control of the Company, all of the options issued pursuant to the Options shall become fully vested as of the date of the Change of Control. In the event of Burnxx'x xxxth all Options shall become fully vested as of that date, and ownership shall be held by Burnxx'x beneficiary. On December 31, 1999 the Board granted an additional 500,000 options which will vest over a 3 year period based upon performance milestones set and agreed upon by the Compensation Committee of the Board and Burnxx.
Sample 1

Related to Equity Stake

  • Affiliated Entities As used in this Agreement, "Company" shall include the Company and each corporation, limited liability company, partnership, or other entity that is controlled by the Company, or is under common control with the Company (in each case "control" meaning the direct or indirect ownership of 50% or more of all outstanding equity interests), provided, however, that the Executive's title need not be identical for each of the affiliated entities nor the same as that for the Company.

  • Company Subsidiaries; Equity Interests (a) The Company Disclosure Letter lists each Company Subsidiary and its jurisdiction of organization. Except as specified in the Company Disclosure Letter, all the outstanding shares of capital stock or equity investments of each Company Subsidiary have been validly issued and are fully paid and nonassessable and are as of the date of this Agreement owned by the Company, by another Company Subsidiary or by the Company and another Company Subsidiary, free and clear of all Liens.

  • Voting Stock Stock or similar interests, of any class or classes (however designated), the holders of which are at the time entitled, as such holders, to vote for the election of a majority of the directors (or persons performing similar functions) of the corporation, association, trust or other business entity involved, whether or not the right so to vote exists by reason of the happening of a contingency.

  • Capital Stock and Ownership The Capital Stock of each of Holdings and its Subsidiaries has been duly authorized and validly issued and is fully paid and non-assessable. Except as set forth on Schedule 4.2, as of the date hereof, there is no existing option, warrant, call, right, commitment or other agreement to which Holdings or any of its Subsidiaries is a party requiring, and there is no membership interest or other Capital Stock of Holdings or any of its Subsidiaries outstanding which upon conversion or exchange would require, the issuance by Holdings or any of its Subsidiaries of any additional membership interests or other Capital Stock of Holdings or any of its Subsidiaries or other Securities convertible into, exchangeable for or evidencing the right to subscribe for or purchase, a membership interest or other Capital Stock of Holdings or any of its Subsidiaries. Schedule 4.2 correctly sets forth the ownership interest of Holdings and each of its Subsidiaries in their respective Subsidiaries as of the Closing Date.

  • Legitimate Business Interests The Executive recognizes that the Company has legitimate business interests to protect and as a consequence, the Executive agrees to the restrictions contained in this Agreement because they further the Company’s legitimate business interests. These legitimate business interests include, but are not limited to (i) trade secrets; (ii) valuable confidential business, technical, and/or professional information that otherwise may not qualify as trade secrets, including, but not limited to, all Confidential Information; (iii) substantial, significant, or key relationships with specific prospective or existing Customers, vendors or suppliers; (iv) Customer goodwill associated with the Company’s business; and (v) specialized training relating to the Company’s technology, Services, methods, operations and procedures. Notwithstanding the foregoing, nothing in this Section 9(b) shall be construed to impose restrictions greater than those imposed by other provisions of this Agreement.

  • Subsidiaries; Equity Interests The Parent does not own, directly or indirectly, any capital stock, membership interest, partnership interest, joint venture interest or other equity interest in any person.

  • Entities If the undersigned is not an individual but an entity, the individual signing on behalf of such entity and the entity jointly and severally agree and certify that:

  • Right to Acquire Limited Partner Interests (a) Notwithstanding any other provision of this Agreement, if at any time the General Partner and its Affiliates hold more than 80% of the total Limited Partner Interests of any class then Outstanding, the General Partner shall then have the right, which right it may assign and transfer in whole or in part to the Partnership or any Affiliate of the General Partner, exercisable in its sole discretion, to purchase all, but not less than all, of such Limited Partner Interests of such class then Outstanding held by Persons other than the General Partner and its Affiliates, at the greater of (x) the Current Market Price as of the date three days prior to the date that the notice described in Section 15.1(b) is mailed and (y) the highest price paid by the General Partner or any of its Affiliates for any such Limited Partner Interest of such class purchased during the 90-day period preceding the date that the notice described in Section 15.1(b) is mailed.

  • Limitation on Preferred Stock of Restricted Subsidiaries The Company will not permit any of its Restricted Subsidiaries to issue any Preferred Stock (other than to the Company or to a Wholly Owned Restricted Subsidiary of the Company) or permit any Person (other than the Company or a Wholly Owned Restricted Subsidiary of the Company) to own any Preferred Stock of any Restricted Subsidiary of the Company.

Time is Money Join Law Insider Premium to draft better contracts faster.