Common use of Net Consideration Per Share Clause in Contracts

Net Consideration Per Share. The “Net Consideration Per Share” which shall be receivable by the Company for any shares of Common Stock issued upon the exercise, exchange or conversion of any Common Stock Equivalents shall mean the amount equal to the total amount of consideration, if any, received by the Company for the issuance of such Common Stock Equivalents, plus the minimum amount of consideration, if any, payable to the Company upon complete exercise, exchange or conversion thereof, divided by the aggregate number of shares of Common Stock that would be issued if such Common Stock Equivalents were fully exercised, exchanged or converted (assuming satisfaction of all vesting or similar requirements and achievements of all thresholds or other criteria which would increase the number of shares of Common Stock ultimately issuable upon exercise, exchange or conversion).

Appears in 6 contracts

Samples: Stockholders Agreement (Cactus Ventures, Inc.), Actinium Pharmaceuticals, Inc., Camp Nine, Inc.

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Net Consideration Per Share. The “Net Consideration Per Share” which shall be receivable by the Company Corporation for any shares of Common Stock issued Issued upon the exercise, exchange or conversion of any Common Stock Equivalents shall mean the amount equal to the total amount of consideration, if any, received by the Company Corporation for the issuance Issuance of such Common Stock Equivalents, plus the minimum amount of consideration, if any, payable to the Company Corporation upon complete exercise, exchange or conversion thereof, divided by the aggregate number of shares of Common Stock that would be issued Issued if such Common Stock Equivalents were fully exercised, exchanged or converted (assuming satisfaction of all vesting or similar requirements and achievements of all thresholds or other criteria which would increase the number of shares of Common Stock ultimately issuable upon exercise, exchange or conversion).

Appears in 1 contract

Samples: Stockholders Agreement (Cactus Ventures, Inc.)

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