Principal Shareholder Sample Clauses
The Principal Shareholder clause defines who is considered the main or controlling shareholder in a company, typically based on ownership of a significant percentage of shares or voting rights. This clause often specifies thresholds—such as holding more than 50% of shares—or identifies a particular individual or entity by name. It applies to situations where certain rights, obligations, or restrictions are triggered by the involvement or actions of the principal shareholder, such as approval requirements for major decisions or transfer restrictions. Its core function is to clearly identify the key party whose influence or control is material to the agreement, thereby ensuring clarity and proper allocation of rights and responsibilities.
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Principal Shareholder. To the best knowledge of the directors and senior officers of CSA and Goldcorp, no shareholder of New Goldcorp will own beneficially, either directly or indirectly, or exercise control or direction over, more than 10% of the voting securities of New Goldcorp outstanding immediately after the Arrangement. NEW GOLDCORP STOCK OPTION PLAN Subject to the approval of the Stock Option Resolution, the New Goldcorp Stock Option Plan will become effective upon the implementation of the Arrangement. The purpose of the New Goldcorp Stock Option Plan is to: (i) attract and retain superior directors, officers, employees and consultants; (ii) provide a strong incentive for directors, officers, employees and consultants to put forth maximum effort for the continued success and growth of New Goldcorp and its subsidiaries and affiliates; and (iii) in combination with these goals, to encourage equity ownership in
Principal Shareholder. The parties acknowledge that neither ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇, individually, nor ▇▇. ▇▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇, as Trustees (the “Trustees”) of the Vanderstar Family Trust, are parties to this Agreement or any exhibit or agreement provided for herein other than the Support Agreement. Accordingly, the parties hereby agree that no party, nor any party claiming through it (to the extent permitted by applicable law), shall commence any proceedings or otherwise seek to impose any liability whatsoever against ▇▇. ▇▇▇▇▇▇▇▇▇▇ or the Trustees by reason of (i) any alleged breach or default by any party under this Agreement or any exhibit or agreement provided for herein other than the Support Agreement or (ii) any claim arising from or relating to any such agreement other than the Support Agreement.
Principal Shareholder. The Cyber Principal Shareholder hereby agrees with GoalTimer that on Closing he will deliver the certificates representing the Cyber Shares beneficially and legally held by him, in proper transferable form, to GoalTimer. The Cyber Principal Shareholder further agrees to vote in favour of the transactions contemplated hereunder, or any one of such transactions, where any shareholder vote is held for such purpose, and to otherwise co-operate with GoalTimer and Cyber in the consummation of the transactions contemplated in this Agreement.
Principal Shareholder. 1 Released......................................................................19
Principal Shareholder. S▇▇▇▇▇ Texas Limited Partnership, a Texas limited partnership By: S▇▇▇▇▇ Capital Texas Corporation, a Texas corporation, its general partner By: Name: /S/ K▇▇▇▇▇▇ ▇. ▇▇▇▇ K▇▇▇▇▇▇ ▇. ▇▇▇▇ Its: President
Principal Shareholder. (i) The Company shall breach or fail to perform, comply with or observe any agreement, covenant or obligation required to be performed by it under Section 1 of the Investor Rights Agreement or (ii) the Principal Shareholder (as defined in the Investor Rights Agreement) shall breach or fail to perform, comply with or observe any agreement, covenant or obligation required to be performed by him under the Investor Rights Agreement."
(p) Clause (xii) of Section 11.1 (Events of Default) of the Securities Purchase Agreement shall be amended to read in its entirety as follows:
Principal Shareholder. Principal Shareholder, a citizen of the Republic of China (Taiwan), is the owner of 4,399,500 shares or approximately 99.99% of all of the outstanding stock of UNB (“UNB Common Stock”), except for certain director qualifying shares owned as required by the National Bank Act (“DQ Shares”) by the directors of UNB (the Principal Shareholder and the UNB directors together, the “Shareholders”), and has the right to acquire all DQ Shares in conjunction with the merger of UNB and EWB as contemplated in this Agreement (the “Merger”).
Principal Shareholder. As at the date hereof, the only beneficial holders holding more than 5% of the outstanding Racino Shares is ETIFF Holdings, LLC.
Principal Shareholder. “Principal Shareholder” shall have the meaning specified in the first paragraph of the Agreement.
Principal Shareholder. Principal Shareholder" shall mean Alai▇ ▇▇▇▇▇▇.