Calculation of Percentages. When calculating the percentage of Common Stock owned by any Stockholder for any purpose hereunder, all shares of Common Stock underlying Existing Options and the Warrants shall be included whether or not any of the Existing Options or Warrants have been exercised or are exercisable, the certificates issued (including subsequent issuances) pursuant to the Voting Trust Agreement shall be treated as Common Stock and subject to all the rights and obligations included herein and the shares of Common Stock owned by the Management Stockholders shall include the shares of Common Stock held by the Voting Trust.
Appears in 2 contracts
Sources: Stockholders Agreement (Torque Acquisition Co LLC), Stockholders Agreement (Gleason Reporting Group)