Dilution Protection. If the Corporation shall at any time pay a stock dividend or distribution on its Common Stock or if the Corporation shall at any time split, subdivide or combine the outstanding shares of its Common stock, the number of shares for which the Options granted hereunder may be exercised and the exercise price per share shall be adjusted proportionately. Any such adjustments shall be effective as of the record date for the split, subdivision or combination.
Dilution Protection. (a) In the event the Company shall (i) declare a dividend on its Common Stock in shares of Common Stock or make a distribution in shares of Common Stock, (ii) declare a stock split or reverse stock split of its outstanding shares of Common Stock; (iii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock or (iv) issue by reclassification of its shares of Common Stock other securities (including any such reclassification in connection with a consolidation or merger in which the Company or any of its subsidiaries is the continuing corporation), then the number of shares of Common Stock of the Company deliverable to Optionee hereunder and the exercise price related thereto shall be adjusted so that the Optionee shall be entitled to receive the kind and number of shares of Common Stock of the Company which the Optionee has the right to receive, upon the happening of any of the events described above, with respect to the shares of the Common Stock which were otherwise deliverable pursuant hereto and the exercise price per share thereof shall be adjusted so that the same percentage of the Company's issued and outstanding shares of capital stock shall remain subject to purchase at the same aggregate exercise price. An adjustment made pursuant to this paragraph shall become effective immediately after the effective date of such event;
Dilution Protection. Except for the additional Series A Preferred Stock to be issued pursuant to Articles II and III hereof, the shares of Common Stock to be issued upon exercise of the Founders' Warrants, any options issued under the Option Plan and any capital stock of the Company issued pursuant to Acquisitions approved by the Board of Directors as provided in Section 7.14 hereof, without a Supermajority Board Vote, neither the Company nor any of its Subsidiaries will (a) issue, sell, give away, transfer, pledge, mortgage, assign or otherwise dispose of, grant any rights (either preemptive or other) or options to subscribe for or purchase, enter into any agreements, or issue any warrants, providing for the issuance of any capital stock of the Company or any stock or securities convertible into or exchangeable for any capital stock of the Company or (b) designate any series of Preferred Stock of a class which has been authorized in the Company's Certificate of Incorporation; provided that the foregoing approval shall not be required for the issuance or transfer to the Company or any of its wholly-owned Subsidiaries of securities of any wholly-owned Subsidiary of the Company. Without the affirmative vote of 66-2/3% of the outstanding Common Stock and Preferred Stock, voting as a class, the Company will not authorize any additional class of capital stock or increase the number of shares of authorized capital stock from that set forth in Section 4.5 hereof or Schedule 4.5 hereto. The Company shall maintain such number of authorized and unissued shares of (w) Series A Preferred Stock as shall be necessary to issue upon fulfillment of the Purchasers' Additional Preferred Stock Subscription Obligations, (x) Common Stock to be issued upon conversion of the Series A Preferred Stock, (y) Common Stock to be issued upon exercise of the Founders' Warrants, and (z) Common Stock to be issued upon exercise of any options issued under the Option Plan.
Dilution Protection. Intentionally omitted.
Dilution Protection. The Plan contains detailed provisions for adjustments in the number and price of Shares for various corporate events, such as a change in capitalization, or a corporate transaction.
Dilution Protection. The Subscriber has been furnished with a copy of the Articles of Incorporation of the Company (including the Certificates of Designation with respect to the Series B and Series C Preferred Stock) and understands that the holder of the Series C Preferred Stock is entitled to anti-dilution protection with respect to any issuances of Common Stock occurring after the issuance of the Series C Preferred Stock on March 7, 2016.
Dilution Protection. CECONOMY undertakes to Convergenta, from today until the date on which the Capital In- crease through Contribution in Kind is entered in the commercial register responsible for CECONOMY (Registration Date) not to use approved capital (genehmigtes Kapital) or condi- tional capital (bedingtes Kapital) and not to propose any other capital measures to the Annual General Meeting. CECONOMY confirms that as at the date of conclusion of this Contribution Agreement, no instruments have been issued that are backed by conditional capital and that no resolution on the utilization of the existing approved capital has been passed.
Dilution Protection. Seller has been furnished with a copy of the Articles of Incorporation of Purchaser, as amended (including the Certificates of Designation with respect to the Series C Convertible Preferred Stock), and understands that the holder of Purchaser’s Series C Convertible Preferred Stock is entitled to anti-dilution protection with respect to any issuances of Dolphin Common Stock occurring after the issuance of the Series C Convertible Preferred Stock on March 7, 2016, as per the terms of such Articles of Incorporation and Certificate of Designation.
Dilution Protection. CECONOMY hereby agrees not to use either the approved capital or conditional capital and not to propose any other capital measures by the annual general meeting from today until the Closing Date (as defined in the Contribution Agreement). CECONOMY confirms that as at the date of conclusion of this Agreement in Principle, no instruments have been issued that are backed by conditional capital and that no resolution on the utilization of the exist- ing approved capital has been passed.
Dilution Protection. The Company agrees to issue and deliver to the University, for no additional fee or consideration, from time to time, such number of additional shares of Capital Stock so as to cause the University to continue to hold shares of [ ] Capital Stock representing percent ( %) of the Fully Diluted Capitalization until (i) the close of an Eligible Financing, (ii) immediately before the consummation of the IPO, or (iii) immediately prior to any sale of all or substantially all of the Company’s assets, merger or other acquisition, whichever event occurs first.
