Examples of Fully Diluted Equity in a sentence
As used herein, the "Fully Diluted Equity" of the Company shall mean the Company's equity immediately following the Acquisition (as defined in the Securities Purchase Agreement) as calculated by the Federal Reserve Bank of San Francisco or the staff of the Board of Governors of the Federal Reserve System.
Notwithstanding the above, if the Executive’s performance exceeds expectation, but does not reach the specified share price hurdle noted above, the Board will not unreasonably withhold the additional stock options grant to maintain her Fully Diluted Equity position at a minimum of 5%.
Each share of the Stock of the Corporation outstanding immediately prior to the effectiveness of the Merger, representing: (i) the Fully Diluted Equity of the Corporation; and (ii) all other securities of the Corporation exercisable, convertible or exchangeable for shares of Fully Diluted Equity, shall be canceled and extinguished and converted into the right to receive a proportionate amount of the Merger Consideration payable pursuant to Section 2 below.
Warrant Holder hereby acknowledges that as a result of the reduction in the number of Shares pursuant to this Amendment, all references in the Agreement to the percentage of Fully Diluted Equity the Shares represent shall be proportionally decreased.
On the Effective Date, Cytek shall issue to BD 1,565,698 shares of Common Stock (the “Shares”) which shall represent no less than [***] percent ([***]%) of Cytek’s Fully Diluted Equity (the “Initial Equity Grant”), calculated after taking into account any adjustments to the Conversion Price (as defined in the Charter) of any series of Preferred Stock (as defined in the Charter) in connection with the issuance of the Initial Equity Grant, pursuant to Article IV.B, Section 4 of the Charter.