Terminated Shareholder definition

Terminated Shareholder shall have the meaning set forth in Section 6.2.
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Terminated Shareholder has the meaning set out in Section 3.3(a);
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Terminated Shareholder means the Shareholder whose employment or consulting arrangement with the Corporation has been terminated with the result that such Shareholder no longer is employed by or in a consulting arrangement with the Corporation and the Termination Right of First Refusal is triggered.
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Examples of Terminated Shareholder in a sentence

  • Any such removal and/or termination set forth herein shall be effective immediately upon written notice to the Terminated Shareholder specifying in reasonable detail the reason therefore, provided, that if the reason for termination for Cause is susceptible of cure, the Terminated Shareholder shall have a period of fifteen (15) days after such prior written notice to effect a cure.

  • The purchase price for all or a portion of the shares of a Terminated Shareholder may be paid by the Company or a Remaining Shareholder, as the case may be and in such purchaser’s sole discretion, using the Promissory Note Option.

  • If said parties are unable to come to an agreement within ninety (90) days after such death, disability or termination from employment, the value of each share of the Deceased, Disabled or Terminated Shareholder shall be determined by appraisal.

  • The price for the Common Stock of a Terminated Shareholder shall be equal to (a) the price based on such shares’ pro rata portion of the then-effective Valuation times (b) 0.5.

  • Upon removal and/or termination of the Terminated Shareholder for Cause, except for any agreement by the Company to repurchase the Terminated Shareholder’s Common Stock in the Company pursuant to Section 8.2, the Company and Remaining Shareholders shall have no further obligations or liabilities under this Agreement or the Terminated Shareholder’s employment except as required by law.

  • Any proxy executed and delivered pursuant hereto relating to any meeting of shareholders or any adjournments thereof shall revoke any proxy otherwise executed and delivered by or on behalf of the Terminated Shareholder with respect to such meeting or any adjournments thereof, regardless of the respective dates thereof.

  • Notwithstanding the foregoing, in the event of any Termination which occurs prior to the expiration of three (3) years from the date of this Agreement, the right of the Terminated Shareholder to elect to sell his Shares under this Section 1(a) shall not arise until the third (3rd) anniversary of the date of this Agreement, and shall expire on the date that is six (6) months after the third (3rd) anniversary of the date of this Agreement.


More Definitions of Terminated Shareholder

Terminated Shareholder shall have the meaning set forth in Section 6.2. “Transfer” means any sale, transfer, assignment (other than a contingent assignment for the benefit of creditors), exchange, or other disposition of an interest (whether with or without consideration, whether voluntarily or involuntarily or by operation of Law). The terms “Transferee,” “Transferor,” “Transferred,” and other forms of the word “Transfer” shall have the correlative meanings. A Transfer shall also include the entering into of any financial instrument or contract the value of which is determined by reference to the Company’s Membership Interests (including the amount of the Company’s distributions, the value of the Company’s assets or the results of the Company’s operations).
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Terminated Shareholder has the meaning set forth in Section 2.09(b).
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Terminated Shareholder means a Holder whose employment with the Corporation has terminated.
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Terminated Shareholder means a Holder who is no longer employed by the Corporation or any Statoil Entity.
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Related to Terminated Shareholder

  • Company Shareholder means any holder of any Company Shares.

  • Eligible Shareholder means an existing or new investor of the Company that is eligible at the ACD’s discretion to invest in the Class X Shares upon entering into an agreement with the ACD and fulfilling the eligibility conditions set by the ACD from time to time.

  • Company Stockholder means the holder of either a share of Company Common Stock or a share of Company Preferred Stock.

  • Existing Shareholder means any Person that is a holder of Ordinary Shares as of December 8, 2017.

  • 10% Stockholder means the owner of stock (as determined under Code Section 424(d)) possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Corporation (or any Parent or Subsidiary).

  • substantial shareholder means a person who is entitled to exercise, or to control the exercise of, 10% or more (or such other percentage as may be prescribed by the Listing Rules) of the voting power at any general meeting of the Company;

  • Scheme Shareholder means a person who is registered in the Register as the holder of one or more Scheme Shares as at the Record Date.

  • Common Stockholder means the employee of, consultant to, or director of the Company or other person to whom shares of Common Stock are issued pursuant to this Plan.

  • 10% Shareholder means a person who owns, directly or indirectly, stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary of the Company. Indirect ownership of stock shall be determined in accordance with Code Section 424(d).

  • Shareholder means a person who owns shares in the company and is actively involved in the management of the enterprise or business and exercises control over the enterprise.

  • Founder means, in respect of an issuer, a person who,

  • ² Shareholder means a person who owns shares in the company and is actively involved in the management of the company or business and exercises control over the company.

  • Parent Stockholders means the holders of Parent Common Stock.

  • Principal Stockholder means, collectively, (i) the Sponsor and (ii) any affiliate or successor of a person referenced in clauses (i) and (ii) of this definition.

  • Company Shareholders means the registered or beneficial holders of the Company Shares, as the context requires;

  • Participating Stockholder means a “Participating Stockholder” under the HBB Stockholders’ Agreement, HY Stockholders’ Agreement and NACCO Stockholders’ Agreement, to the extent the Partnership owns HBB Class B Shares, HY Class B Shares or NACCO Class B Shares. A Partner shall cease to be a Participating Stockholder under this Agreement and shall be deemed to be a Former Partner immediately prior to any event or lapse of time that causes such Partner to no longer be a “Participating Stockholder” under such applicable stockholders’ agreements.

  • Class B Stockholder means (i) the registered holder of a share of Class B Common Stock at the Effective Time and (ii) the initial registered holder of any shares of Class B Common Stock that are originally issued by the Corporation after the Effective Time.

  • Option Holder means a Person or Entity who holds an unexercised and unexpired Option or, where applicable, the Personal Representative of such person.

  • Principal Shareholder means any corporation, Person or other entity which is the beneficial owner, directly or indirectly, of five percent (5%) or more of the outstanding Shares of any class or series and shall include any affiliate or associate, as such terms are defined in clause (ii) below, of a Principal Shareholder. For the purposes of this Section, in addition to the Shares which a corporation, Person or other entity beneficially owns directly, (a) any corporation, Person or other entity shall be deemed to be the beneficial owner of any Shares (i) which it has the right to acquire pursuant to any agreement or upon exercise of conversion rights or warrants, or otherwise (but excluding share options granted by the Trust) or (ii) which are beneficially owned, directly or indirectly (including Shares deemed owned through application of clause (i) above), by any other corporation, Person or entity with which its "affiliate" or "associate" (as defined below) has any agreement, arrangement or understanding for the purpose of acquiring, holding, voting or disposing of Shares, or which is its "affiliate" or "associate" as those terms are defined in Rule 12b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934, and (b) the outstanding Shares shall include Shares deemed owned through application of clauses (i) and (ii) above but shall not include any other Shares which may be issuable pursuant to any agreement, or upon exercise of conversion rights or warrants, or otherwise.

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

  • Major Stockholder means any such Person.

  • Management Stockholder shall have the meaning set forth in the introductory paragraph.

  • Soliciting Shareholder means, with respect to any Special Meeting demanded by a shareholder or shareholders, any of the following Persons:

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Major Shareholder means a shareholder who directly or indirectly holds 10% or more of the voting rights.

  • Interested Shareholder means any person (other than the Corporation or any Subsidiary) who or which: