Founding Shareholders definition

Founding Shareholders means DIC and any of its transferees, including transferees which are Israeli Shareholders, provided that each such transferee: (i) is approved by the Minister of Communications in writing to be a substitute for a Founding Shareholder for the purpose of the Cellular License (which substitution shall be effective as of the date determined by the Minister of Communications), (ii) undertakes to the Company to hold its respective minimum number of Ordinary Shares pursuant to such approval, and (iii) enters into one or more agreements with the other Founding Shareholders for the purpose of ensuring the compliance by the Company with section 22A of the Cellular License.
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Founding Shareholders means those Persons identified with an --------------------- asterisk on the Schedule of Existing Shareholders attached to the Shareholders --------------------------------- Agreement and their Permitted Transferees (as defined in the Shareholders Agreement).
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Founding Shareholders. Agreement" means the agreement among Ian Engelberg, Garth Gullekson, James McGee, Branislav Selic and ObjecTime Limited dated the 1st day of January, 1995 to regulate the rights and obligations of the parties thereto;
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Examples of Founding Shareholders in a sentence

  • In this case, the Founding Shareholders will elect other persons designated by Party A to hold such positions.

  • The Founding Shareholders agree that any bonuses, dividends or any other income or benefits (regardless of its specific form) obtained from Party B as the shareholders of Party B shall be immediately paid or transferred to Party A without any conditions when realized.

  • The Founding Shareholders agree that any bonus, dividend or any other benefit or interest receivable by it as shareholder of Party B will be unconditionally and automatically paid or transferred to Party A.

  • In this case, the Founding Shareholders who have not yet made payment of subscribed Shares are no longer Founding Shareholders.

  • Those persons shall then become the Founding Shareholders of the Company.


More Definitions of Founding Shareholders

Founding Shareholders means each or any of:
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Founding Shareholders means collectively Xxxxxxx Xxx, Xxxxxxxxx Xxxx, Xxxxx Xx, Xxx Xxx and Xxxxxxxxxx Xxxx;
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Founding Shareholders means the Founder, Ou Xxx Xxx and Xxxxxxxx Xxx, and a “Founding Shareholder” shall mean any of them.
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Founding Shareholders means Xxxxx X. Xxxxx, Xx. and Xxxxx X. Xxxxx.
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Founding Shareholders shall have the meaning assigned to such term in the Shareholders Agreement.
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Founding Shareholders means the founding Canadian shareholders of Backbone Hosting Solutions Inc.;
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Founding Shareholders shall have the meaning set forth in Preface
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