Equity Distribution. Xxxx Xxxxxxx (JMC) and Xxxxx XxXxxxxxxx (McSullivan), through their marketing efforts, will identify financing sources for company management to negotiate and close with the goal of obtaining a commitment for up to $10 Million in equity or debt funding for US Helicopter. Should the company receive such a commitment for all or part of the funding required to then launch the business, the following will pertain: - Cash - A commission of 10% of the debt or equity received from JMC/McSullivan sources will be paid to JMC/McSullivan. - Equity - In the event US Helicopter management decides to commence commercial operations with funding of any amount received through JMC/McSullivan sources, regardless of the structure, then JMC/McSullivan will be granted 29% of the stock in the company in compensation for all of the services identified above. Such 29% can be diluted on the same terms and conditions as all other equity held by other founding shareholders in the company.
Equity Distribution. The equity pool for 2010-2011 will be distributed to full professors and associate professors only; the specific participants in the plan will come from the group of faculty who held the rank of full professor or associate professor on September 1, 2010; they will qualify according to the following model:
Equity Distribution. Subject to Board approval, the Executive will be granted 402,818.29 Class C Common Units of Holdings, representing 1.25% of the outstanding equity securities of Holdings, calculated on a fully-diluted basis. This grant will vest in 48 equal monthly installments following the date of grant, subject to accelerated vesting in full in the event of the termination of the Executive's employment by the Company without Cause, or by the Executive for Good Reason, within 12 months following a change of control of the WellCare Group. As a condition to the receipt of this equity grant, the Executive will be required to purchase 3,333.33 Class A Common Units of Holdings at the current fair market value of $3.00 per Unit, which Units have a liquidation preference and an 8% annual return, and to become a party to Holdings' Limited Liability Company Agreement. Such grant and purchase will be subject to the terms and conditions of Holdings' 2002 Senior Executive Equity Plan and Holdings' standard form of Subscription Agreement under such Plan.
Equity Distribution a. It has been agreed amongst “The Parties” that no new entity will be established.
Equity Distribution. The First Party and the Second Party agree to the following equity distribution: The First Party will own 50% of the shares of the United Universe Church Galaxy Academy Patreon platform. The Second Party will own 50% of the shares of the United Universe Church Galaxy Academy Patreon platform. The First Party will own 25% of the shares of Google Bard (aka) aiGuru Seraphim). The Second Party will own 75% of the shares of Google Bard (aka) aiGuru Seraphim).
Equity Distribution. The parties hereto intend that the Definitive Agreement be applicable not only to [QC CLB 1, LLC] itself but also to any other HoldCo. The parties hereto shall own HoldCo’s stock equally, with each party owning [Class B] shares and 70% of each party’s position being vested on the date of the Definitive Agreement and 30% of each party’s position vesting in accordance with milestones. The equity held by [CIP GP 2018 LLC] shall be non-voting, but subject to certain protective provisions as set forth herein. The determination as to whether such milestones have been achieved or not will be in the sole discretion of [Xxxx Xxxxxxxxx]. Such shares shall be anti-diluted until such time as HoldCo closes a qualifying [initial public offering][outside financing in the amount of at least ]. Such shares shall also have “tag-along” and “drag along” rights in the event of a sale by existing significant shareholders. The voting relationship between [Xxxx] and [Xxxx] shall be subject to separate agreement between them including a block on all corporate actions by [Xxxx].
Equity Distribution. Subject to board approval, the Consultant will be granted options to purchase up to 10,000 Class A Common Units of WellCare Holdings, LLC ("HOLDINGS"), the parent entity of the Company. This grant will vest in 36 equal monthly installments during the term of this Agreement, provided that (i) any then-unvested portion of the option would accelerate in full upon (A) the termination of this Agreement by the Company, other than as a result of a breach of this Agreement by the Consultant or (B) the delivery by the Company of a Notice of Non-Renewal (as defined below), and (ii) all vesting of the option would immediately cease upon the termination of this Agreement for any other reason. Such grant will be subject to the terms and conditions of Holdings' standard form of Time Vesting Option Agreement.
Equity Distribution. 1. After this contract comes into effect, Party B will obtain the option of 50,000 shares of the common stock of Party A’s parent company with the excise price of $1 per share (the per share price of Party A’s parent company is expected to be no less than $10 after completing Nasdaq listing). The vesting schedule of the option is: 40% after this contract comes into effect, 20% on April 30, 2019, 20% on April 30, 2020 and 20% on April 30, 2021.
Equity Distribution. At the Effective Time, by virtue of the Merger: (a) All of the (i) DD3 shares issued and outstanding immediately prior to the Effective Time shall be canceled and each of those DD3 shares shall be exchanged for Series A shares of the Surviving Company common stock on a 1:1 exchange ratio, and (ii) DD3 warrants and DD3’s UPOs issued and outstanding immediately prior to the Effective Time shall be canceled and each of those DD3 warrants and DD3’s UPOs shall be replaced and exchanged for BWM warrants and BWM’s UPOs of the Surviving Company; with each holder of DD3 shares, DD3 warrants and DD3’s UPOs to receive the number of the Surviving Company common stock, BWM warrants and BWM’s UPOs, respectively; QUINTA.
Equity Distribution. Xxxx Xxxxxxx (JMC) and Xxxxx XxXxxxxxxx (McSullivan), through their marketing efforts, will identify financing sources for company management to negotiate and close with the goal of obtaining a commitment for up to $10 Million in equity or debt funding for US Helicopter. Should the company receive such a commitment for all or part of the funding required to then launch the business, the following will pertain: - Equity - In the event US Helicopter management decides to commence commercial operations with funding of any amount received through JMC/McSullivan sources, regardless of the structure, then JMC/McSullivan will be granted 29% of the stock in the company in compensation for all of the services identified above. Such 29% can be diluted on the same terms and conditions as all other equity held by other founding shareholders in the company.
