Purchased Management Shares definition

Purchased Management Shares means, with respect to a Manager (or a Person to whom any Company Shares were originally issued at the request of such Manager) or direct or indirect Permitted Transferee of a Manager (or any such Person to whom any Company Shares were originally issued at the request of such Manager), all of the Company Shares which are not Options, Warrants or Convertible Securities held by such Manager, person or Permitted Transferee, if applicable.
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Purchased Management Shares means, with respect to a Manager (or a Person to whom any Echo Shares were originally issued at the request of such Manager) or a direct or indirect Permitted Transferee of a Manager (or any such Person to whom any Echo Shares were originally issued at the request of such Manager), all of the Echo Shares which are not Options, Warrants or Convertible Securities held by such Manager, Person or Permitted Transferee, if applicable.
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Purchased Management Shares means, with respect to any Manager or direct or indirect Permitted Transferee of a Manager, all of the Management Shares which were either (i) originally purchased from the Company by that Manager for cash, (ii) retained by that Manager in respect of Rollover Shares (as defined in the Merger Agreement) or (iii) retained by that Manager in respect of Rollover Options (as defined in the Merger Agreement). Shares issued to Managers directly or indirectly pursuant to an incentive plan or scheme, including any restricted stock award (whether or not vested), Options and Shares issued upon exercise of Options (except those specified in clause (iii) above), are not Purchased Management Shares for purposes of this Agreement.
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Examples of Purchased Management Shares in a sentence

  • In the event Echo elects to exercise the Management Call Option, the Company (or its designated affiliate) will have the right to purchase for cash (or such other form of payment as set forth in Section 6.5) all or any portion of the Units underlying such Purchased Management Shares held by Echo.

  • In the event the Company elects to purchase all or any portion of the Units held by Echo underlying the Purchased Management Shares, Echo will use the proceeds to purchase the Purchased Management Shares.

  • The right to purchase such Company Shares shall be allocated pro rata among the Majority Principal Investors based upon the Purchase Price Value of the shares of Common Stock then held by such Majority Principal Investors (unless the Majority Principal Investors agree otherwise); provided, further that Purchased Management Shares Transferred to any Majority Principal Investor shall thereafter become Investor Shares hereunder.

  • The Company may purchase all or any portion of the Purchased Management Shares held by such Manager (or his direct or indirect Permitted Transferees, if applicable) at a per Share price equal to the Fair Market Value of such Shares as determined in Section 5.1.3.

  • The Company and you intend that you shall have the ability to purchase up to $100,000 of Purchased Management Shares of PHW Holdings, Inc.

  • The Company may purchase all of the Purchased Management Shares held by such Management Call Group at a per share price equal to the Fair Market Value of such Shares on the Management Call Notice Date.

  • If a Manager holding Purchased Management Shares dies, his heirs or estate will have the right to require the Company to purchase all or any portion of the Vested Shares held by such Manager at time of death on the following terms and conditions (the “Management Put Option”).

  • Not fewer than twenty days prior to the consummation of an Issuance, the Issuer will furnish a notice (the “Participation Notice”) to each holder of Investor Shares, Founder Shares and Purchased Management Shares (the “Participation Offerees”).

  • Not fewer than fifteen days prior to the consummation of an Issuance, a notice (the “Participation Notice”) shall be furnished by the Company to each holder of Investor Shares, Other Investor Shares, Rollover Options and/or Purchased Management Shares (the “Participation Offerees”).

  • In the event that a Manager has to leave employment with the Company under a “hardship” situation (as determined by the Board upon recommendation from the Company’s chief executive officer), the Company will use reasonable efforts to exercise its Call Option rights under Section 7.1 to purchase all Purchased Management Shares, subject to compliance with and absence of any default under the Company’s debt agreements.


More Definitions of Purchased Management Shares

Purchased Management Shares means, with respect to any Manager or direct or indirect Permitted Transferee of a Manager, all of the Management Shares which were either (a) originally purchased from the Company by that Manager for cash, (b) received by that Manager in respect of Rollover Shares (as defined in the Recapitalization Agreement) pursuant to Section 3.1(d) of the Recapitalization Agreement or (c) issued upon exercise of replacement options that were issued in respect of rollover options pursuant to Section 7.2(b) of the Recapitalization Agreement. Shares granted to Managers pursuant to any restricted stock award program (whether or not vested), Options and Shares issued upon exercise of Options (except those specified in clause (c) above), are not Purchased Management Shares for purposes of this Agreement.
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Purchased Management Shares means, with respect to a Manager (or a Person to whom any shares of Common Stock were originally issued at the request of such Manager) or direct or indirect Permitted Transferee of a Manager (or any such Person to whom any shares of Common Stock were originally issued at the request of such Manager), all of the Shares which are not Options, Warrants, SARs or Convertible Securities held by such Manager (or Permitted Transferee, if applicable); for avoidance of doubt, shares of Common Stock received upon exercise of Options, Warrants, SARs or Convertible Securities shall be Purchased Management Shares hereunder.
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Purchased Management Shares means, with respect to a Manager (or a Person to whom any shares of Common Stock were originally issued at
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Related to Purchased Management Shares

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Management Shareholders means Xxxxxx X. Xxxx, Xxxx X. Xxxxxxx, and Xxxxxx X. Xxxxxxxxx.

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Acquired Shares has the meaning set forth in the Recitals.

  • Settlement Shares With respect to any Settlement Date, a number of Shares, not to exceed the Base Amount, designated as such by Party B in the related Settlement Notice or by Party A pursuant to “Termination Settlement” below; provided that on the Maturity Date the number of Settlement Shares shall be equal to the Base Amount on such date.

  • Purchased Stock means a right to purchase Common Stock granted pursuant to Article IV of the Plan.

  • Purchased Units means, with respect to a particular Purchaser, the number of Common Units equal to the aggregate Purchase Price set forth opposite such Purchaser’s name under the column titled “Purchase Price” set forth on Schedule A hereto divided by the Common Unit Price.

  • Previously Acquired Shares means shares of Common Stock that are already owned by the Participant or, with respect to any Incentive Award, that are to be issued upon the grant, exercise or vesting of such Incentive Award.

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Transferred Shares means all or any portion of a Member’s Shares that the Member seeks to Transfer.

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Company Shares has the meaning set forth in the Recitals.

  • Acquisition Shares means the shares of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • Principal Stockholder Transferee means any Person who acquires voting stock of the Corporation from the Principal Stockholder (other than in connection with a public offering) and who is designated in writing by the Principal Stockholder as a “Principal Stockholder Transferee.”

  • Purchased Securities has the meaning assigned in the Terms;

  • Share Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Sale Shares has the meaning ascribed to it at Recital (A).

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Sold Shares shall have the meaning specified in Section 6.

  • Stockholder Shares means the shares of common stock of the Company issued to Stockholder in accordance with the terms and conditions of the Reorganization Agreement, including such shares of common stock of the Company transferred from Stockholder to The Cendant Charitable Foundation, and any securities of the Company issued as a dividend on or other distribution with respect to, or in exchange for or replacement of, such common stock.