Examples of Executive Stockholder in a sentence
Any transferee of Executive Stock pursuant to a transfer in accordance with the provisions of this SECTION 5(b) is herein referred to as a "PERMITTED TRANSFEREE." Upon the transfer of Executive Stock pursuant to this SECTION 5(b), the transferring Executive Stockholder will deliver a written notice (a "TRANSFER NOTICE") to the Company.
Any transferee of Executive Stock pursuant to a transfer in accordance with the provisions of this Section 4(b)(i) is herein referred to as a "Permitted Transferee." Upon the -------------------- transfer of Executive Stock pursuant to this Section 4(b), the transferring Executive Stockholder will deliver a written notice (a "Transfer Notice") to the --------------- Company.
Without limiting the generality of the foregoing, without the Executive Stockholder Consent, no material amendment may be made to the provisions of Section 2.2, Section 3.1 or Section 3.2 which grant rights to any Executive Stockholder.
Such proxies and powers are irrevocable and binding upon the Executive Stockholders and the successors, assigns, representatives and executors thereof until the termination of this Agreement and shall revoke any and all prior proxies granted by the Executive Stockholder with respect to such Executive Stockholder’s Voting Shares (other than any prior proxies granted to Explorer Coinvest LLC pursuant to a Proxy and Tag-Along Agreement).
The Compensation Committee shall also constitute the stock option committee under existing or future stock option plans of the Company and shall award stock options to existing or future management, including the Executive Stockholder, as such committee shall deem appropriate.