Classes of Stock Clause Samples
The "Classes of Stock" clause defines the different categories of shares that a corporation is authorized to issue, each with distinct rights, privileges, and restrictions. Typically, this clause outlines the characteristics of each class, such as voting rights, dividend preferences, or conversion features, and may specify how many shares of each class exist. By clearly delineating the types of stock and their respective rights, this clause ensures transparency for shareholders and helps prevent disputes regarding ownership interests and corporate governance.
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Classes of Stock. The Corporation is authorized to issue two classes of shares of stock designated “Common Stock,” and “Preferred Stock,” respectively. The total number of shares that the Corporation is authorized to issue is One Hundred Twenty-Eight Million Five Hundred Twelve Thousand Eight Hundred Forty-Four (128,512,844) shares. Seventy Five Million (75,000,000) shares shall be Common Stock, par value $.01 per share, and Fifty-Three Million Five Hundred Twelve Thousand Eight Hundred Forty-Four (53,512,844) shares shall be Preferred Stock, par value $.01 per share.” THIRD: That the number of shares of Series G Convertible Preferred Stock set forth in Article IV.B. of the Restated Certificate of Incorporation is hereby amended in its entirety to read as follows: “and the Series G Convertible Preferred Stock (the “Series G Preferred Stock”), which series shall consist of Five Million Six Hundred Ninety-Two Thousand Three Hundred Eight (5,692,308) shares,”
Classes of Stock. This corporation is authorized to issue two ---------------- classes of stock to be designated, respectively, "Common Stock" and "Preferred Stock." The total number of shares which the corporation is authorized to issue is Twenty-Eight Million Two Hundred Forty-Seven Thousand Four Hundred and Ten (28,247,410) shares. Eighteen Million (18,000,000) shares shall be Common Stock, $.001 par value per share, and Ten Million Two Hundred Forty-Seven Thousand Four Hundred and Ten (10,247,410) shares shall be Preferred Stock, $.001 par value per share, of which Eight Million One Hundred Twenty Thousand (8,120,000) shares shall be Series A Preferred Stock and Two Million One Hundred Twenty-Seven Thousand Four Hundred and Ten (2,127,410) shares shall be Series B Preferred Stock.
Classes of Stock. This corporation is authorized to issue two classes of stock to be designated, respectively, “Common Stock” and "Preferred Stock". The total number of shares that this corporation is authorized to issue is Forty Million (40,000,000) shares, of which twenty six million six hundred ninety thousand nine hundred and seven ( 26,690,907) shall be shares of Common Stock, US$ 0.001 par value each, and the remaining thirteen million three hundred nine thousand ninety three (13,309,093) shall be Preferred Stock.
Classes of Stock. This Corporation is authorized to issue two classes of stock, to be designated, respectively, "Common Stock" and "Preferred Stock." The total number of shares which the corporation is authorized to issue is One Hundred Fifty-One Million Nine Hundred Ten Thousand Two Hundred Eighty-Two (151,910,282) shares. One Hundred Million (100,000,000) shares shall be Common Stock, par value $0.0001 per share, and Fifty-One Million Nine Hundred Ten Thousand Two Hundred Eighty-Two (51,910,282) shares shall be Preferred Stock, par value $0.0001 per share. Ten Million (10,000,000) shares of Preferred Stock shall be designated "Series F Preferred Stock," Five Million One Hundred Forty-Two Thousand Eight Hundred Fifty-One (5,142,851) shares of Preferred Stock shall be designated "Series A Preferred Stock", Eight Million Six Hundred Twenty-Nine Thousand Nine Hundred Ninety-Two (8,629,992) shares of Preferred Stock shall be designated "Series B Preferred Stock", Nine Million Nine Hundred Eighty-Seven Thousand Four Hundred and Thirty-Nine (9,987,439) shares shall be designated "Series C Preferred Stock" and Eighteen Million One Hundred Fifty Thousand (18,150,000) shares shall be designated "Series D Preferred Stock."
Classes of Stock. The designations, preferences, and relative participating, optional, or other special rights of the various classes of stock or series thereof, and the qualifications, limitations, or restrictions thereof, will be set forth in full or summarized on the face or back of the certificates which the Corporation issues to represent its stock or, in lieu thereof, such certificates will set forth the office of the Corporation from which the holders of certificates may obtain a copy of such information.
Classes of Stock. The total number of shares of stock that the Corporation shall have authority to issue is [●], consisting of [●] shares of Common Stock, par value $0.0001 per share (the “Common Stock”), and [●] shares of Preferred Stock, par value $0.0001 per share (the “Preferred Stock”).
Classes of Stock. The Corporation is authorized to issue three classes of stock to be designated, respectively, “Common Stock,” “Class A Common Stock” and “Preferred Stock.” The total number of shares which the Corporation is authorized to issue is Sixty Million (60,000,000) shares, each with a par value of $0.001 per share. Thirty Million (30,000,000) shares shall be Common Stock, Fifteen Million (15,000,000) shares shall be Class A Common Stock and Fifteen Million (15,000,000) shares shall be Preferred Stock.
Classes of Stock. 1. This Corporation is authorized to issue two classes of stock to be designated, respectively, “Common Stock” and “Preferred Stock.” The total number of shares which the Corporation is authorized to issue is Two Hundred Eighty-Five Million One Hundred Five Thousand Two Hundred Fifty Four (285,105,254) shares. Sixty-Five Million (65,000,000) shares shall be Common Stock and Two Hundred Twenty Million One Hundred Five Thousand Two Hundred Fifty Four (220,105,254) shares shall be Preferred Stock, each with a par value of $0,001 per share.
Classes of Stock. This Corporation is authorized to issue two (2) classes of shares, to be designated "Common" and "Preferred" and referred to herein as the "Common Stock" or the "Preferred Stock" respectively. The total number of shares of Common Stock the Corporation is authorized to issue is Thirty One Million Six Hundred Twenty Three Thousand One Hundred Eighty Four (31,623,184). The par value is $0.001 per share. The total number of shares of Preferred Stock the Corporation is authorized to issue is Twenty Two Million Three Hundred Fourteen Thousand Twenty Three (22,314,023). The par value is $0.001 per share. The Board of Directors of the Corporation may divide the Preferred Stock into any number of series. The Board of Directors shall fix the designation and number of shares of each such series. The Board of Directors may determine and alter the rights, preferences, privileges and restrictions granted to and imposed upon any wholly unissued series of the Preferred Stock. The Board of Directors (within the limits and restrictions of any resolution adopted by it, originally fixing the number of shares of any series) may increase or decrease the number of shares of any such series after the issue of shares of that series, but not below the number of then outstanding shares of such series.
Classes of Stock. The parties hereto intend that any capital stock sold by a Stockholder pursuant to the provisions of this Agreement shall be Class A Common Stock if sold prior to January 1, 2002 or Common Stock if sold thereafter. Accordingly, any reference herein to the inclusion of Common Stock in a Registration Statement for offering, sale and delivery by a Stockholder hereunder shall, subject to the proviso to Article Fourth, II-A-4, of the Certificate of Incorporation of the Company, prior to January 1, 2002 be deemed to refer to Class A Common Stock and thereafter to Common Stock.