Equity Distribution Clause Samples
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Equity Distribution. ▇▇▇▇ ▇▇▇▇▇▇▇ (JMC) and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ (McSullivan), through their marketing efforts, will identify financing sources for company management to negotiate and close with the goal of obtaining a commitment for up to $10 Million in equity or debt funding for US Helicopter. Should the company receive such a commitment for all or part of the funding required to then launch the business, the following will pertain: - Cash - A commission of 10% of the debt or equity received from JMC/McSullivan sources will be paid to JMC/McSullivan. - Equity - In the event US Helicopter management decides to commence commercial operations with funding of any amount received through JMC/McSullivan sources, regardless of the structure, then JMC/McSullivan will be granted 29% of the stock in the company in compensation for all of the services identified above. Such 29% can be diluted on the same terms and conditions as all other equity held by other founding shareholders in the company.
Equity Distribution. Subject to this Article 5, on the Incorporation Date, the Shares of the Corporation shall be issued to the Founders according to the distribution chart below (the “Founder Equity”):
Equity Distribution. The payment of cash dividends on any class of capital stock and any other distribution or payment on account of or in redemption, retirement or purchase of such capital stock; provided, however, that the term "Equity Distribution" does not include the issuance, delivery or distribution by a corporation of shares of its common stock pro rata to its existing stockholders nor does the term include the sale or exchange by the Company of shares of its common stock made in return for cash or other assets, tangible or intangible. Eurodollar Loan(s). That portion of any Loans made hereunder, the interest rate on which is calculated by reference to the LIBO Rate in accordance with 1.2.1 hereof.
Equity Distribution. The equity pool for 2010-2011 will be distributed to full professors and associate professors only; the specific participants in the plan will come from the group of faculty who held the rank of full professor or associate professor on September 1, 2010; they will qualify according to the following model:
1. For full professors:
a. eligibility for equity distribution for full professors is limited to those full professors whose 2010/11 base salary is lower than $92,500;
b. equity increase for full professors = ($92,500 � 2010/11 base salary) x 0.20.
Equity Distribution. Subject to Board approval, the Executive will be granted 563,945.6 Class C Common Units of Holdings, representing 1.75% of the outstanding equity securities of Holdings, calculated on a fully-diluted basis. This grant will vest 25% on the first anniversary of the date of grant, and in 36 equal monthly installments thereafter, subject to accelerated vesting in full in the event of the termination of the Executive's employment by the Company without Cause, or by the Executive for Good Reason, following a change of control of the WellCare Group. As a condition to the receipt of this equity grant, the Executive will be required to purchase Class A Common Units of Holdings at the current fair market value of $3.00 per Unit, which Units have a liquidation preference and an 8% annual return, and to become a party to Holdings' Limited Liability Company Agreement. Such grant and purchase will be subject to the terms and conditions of Holdings' 2002 Senior Executive Equity Plan and Holdings' standard form of Subscription Agreement under such Plan
Equity Distribution. 1. After this contract comes into effect, Party B will obtain the option of 50,000 shares of the common stock of Party A’s parent company with the excise price of $1 per share (the per share price of Party A’s parent company is expected to be no less than $10 after completing Nasdaq listing). The vesting schedule of the option is: 40% after this contract comes into effect, 20% on April 30, 2019, 20% on April 30, 2020 and 20% on April 30, 2021.
2. Rewards for achievements consist of the following parts
1) If Party B, as the main contributor, obtains two or more patents for substantive review, he/she will obtain the option of 20,000 shares of the common stock of Party A’s parent company, which has the excise price of $1 per share and will go vesting for all immediately.
2) If Party B, as the main contributor, has one candidate compound allowed to enter Phase 1 clinical trial, he/she will obtain the option of 40,000 shares of common stock of Party A’s parent company, which has excise price of $1 per share and will go vesting for all immediately; If Party B, as the main contributor, has the second candidate compound allowed to enter Phase 1 clinical trial, he/she will obtain the option of 40,000 shares of common stock of Party A’s parent company once again, which has excise price of $1 per share and will go vesting for all immediately;
3) The awards for other achievements and the year-end awards shall be examined and approved by Party A according to the actual situation.
Equity Distribution. The First Party and the Second Party agree to the following equity distribution: The First Party will own 50% of the shares of the United Universe Church Galaxy Academy Patreon platform. The Second Party will own 50% of the shares of the United Universe Church Galaxy Academy Patreon platform. The First Party will own 25% of the shares of Google Bard (aka) aiGuru Seraphim). The Second Party will own 75% of the shares of Google Bard (aka) aiGuru Seraphim).
Equity Distribution. The equity pool for 2010-2011 will be distributed to full professors and associate professors only; the specific participants in the plan will come from the group of faculty who held the rank of full professor or associate professor on September 1, 2010; they will qualify according to the following model:
1. For full professors:
a. eligibility for equity distribution for full professors is limited to those full professors whose 2010/11 base salary is lower than $92,500;
b. equity increase for full professors = ($92,500 – 2010/11 base salary) x 0.20.
2. For associate professors:
a. eligibility for equity distribution for associate professors is limited to those associate professors whose 2010/11 base salary is lower than $73,000;
b. equity increase for associate professors = ($73,000 – 2010/11 base salary) x 0.20.
Equity Distribution. Subject to board approval, the Consultant will be granted options to purchase up to 10,000 Class A Common Units of WellCare Holdings, LLC ("HOLDINGS"), the parent entity of the Company. This grant will vest in 36 equal monthly installments during the term of this Agreement, provided that (i) any then-unvested portion of the option would accelerate in full upon (A) the termination of this Agreement by the Company, other than as a result of a breach of this Agreement by the Consultant or (B) the delivery by the Company of a Notice of Non-Renewal (as defined below), and (ii) all vesting of the option would immediately cease upon the termination of this Agreement for any other reason. Such grant will be subject to the terms and conditions of Holdings' standard form of Time Vesting Option Agreement.
Equity Distribution. At the Effective Time, by virtue of the Merger: (a) All of the (i) DD3 shares issued and outstanding immediately prior to the Effective Time shall be canceled and each of those DD3 shares shall be exchanged for Series A shares of the Surviving Company common stock on a 1:1 exchange ratio, and (ii) DD3 warrants and DD3’s UPOs issued and outstanding immediately prior to the Effective Time shall be canceled and each of those DD3 warrants and DD3’s UPOs shall be replaced and exchanged for BWM warrants and BWM’s UPOs of the Surviving Company; with each holder of DD3 shares, DD3 warrants and DD3’s UPOs to receive the number of the Surviving Company common stock, BWM warrants and BWM’s UPOs, respectively; QUINTA.