Paired Voting Stock definition

Paired Voting Stock means, with respect to Class A Common Units held by a Member other than PubCo (and other than Class A Common Units received in the Recapitalization in exchange for Common Units received in the Profits Interest Conversion), the shares of Class B Common Stock issued in exchange for the Class B Voting Units initially paired with such Class A Common Units, subject, as applicable, to adjustment pursuant to Section 3.2(d) and Section 3.2(e) and the certificate of incorporation of PubCo.
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Paired Voting Stock means, with respect to Class A Common Units held by a Member other than PubCo following the Pre-IPO Exchanges, the shares of Class B Common Stock issued in exchange for the Class B Voting Units initially paired with such Class A Common Units (in the case of a Founder Member), or the shares of Class C Common Stock issued in exchange for Class C Voting Units initially paired with such Class A Common Units (in the case of TSG Members), subject, as applicable, to adjustment pursuant to Section 3.2(d) and Section 3.2(e) and the certificate of incorporation of PubCo, as may be amended and/or restated from time to time.
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Paired Voting Stock means, with respect to the Paired Units, the shares of Class B Common Stock issued in exchange for the Class B Voting Units initially paired with such Class A Common Units, subject, as applicable, to adjustment pursuant to Sections 3.2(d), (e), and (f), and the PubCo Charter. “Paired Unit” means any Class A Common Unit held by a Member other than PubCo that is not a Decoupled Unit. “Participate” (and the correlative terms “Participating” and “Participation”) includes any direct or indirect ownership interest in any enterprise or participation in the management of such enterprise, whether as an officer, director, employee, partner, sole proprietor, agent, representative, independent contractor, consultant, executive, franchisor, franchisee, creditor, owner or otherwise. “Partnership Representative” has the meaning set forth in Section 8.3. “Permitted Transfer” has the meaning set forth in Section 9.1(b). “Permitted Transferee” means a transferee in a Transfer of Units, (a) with respect to Paired Units held by the Founder Members, (i) to a Person that the Founder maintains the power (whether exclusive or shared) to vote or direct the voting of the Paired Voting Stock associated with such Units by proxy, voting agreement or otherwise, and/or (ii) to an Approved Designee (as defined in the PubCo Charter), provided that if an Approved Designee is not then available to serve as an Approved Designee, to a Person entitled to exercise the power (whether exclusive or shared) to vote or direct the voting of the Paired Voting Stock associated with such Units by proxy, voting agreement or otherwise, only following the death or Incapacity (as defined in the PubCo Charter) of the Founder, pursuant to an agreement entered into between the Founder and the Person, and who is approved by the Managing Member, (b) with respect to Decoupled Units held by the Founder Members, (i) to a Person that the Founder maintains (whether exclusive or shared) sufficient shares, partnership interests, membership interests or other equity in, or otherwise has legally enforceable rights to control the actions of, such Person, and/or (ii) to an Approved Designee, provided that if an Approved Designee is not then available to serve as an Approved Designee, to a Person entitled to exercise the disposition power (whether exclusive or shared) of such Units pursuant to an agreement entered into between the Founder and the Person, only following the death or Incapacity of the Founder, and who is appr...
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Examples of Paired Voting Stock in a sentence

  • The undersigned hereby acknowledges that the Exchange of Class A Common Units shall include the cancellation of an equal number of outstanding shares of Paired Voting Stock held by the undersigned that have been surrendered in such Exchange.

  • Immediately after the Pre-IPO Exchanges described in Section 3.1(b)(ii), certain Founder Members and TSG Members contributed a portion of their Class A Common Units and corresponding Paired Voting Stock to PubCo in exchange for an equal number of shares of Class A Common Stock.

  • Immediately after the Pre-IPO Exchanges described in Section 3.1(b)(ii), certain Founder Members and TSG Members will contribute a portion of their Class A Common Units and corresponding Paired Voting Stock to PubCo in exchange for an equal number of shares of Class A Common Stock.


More Definitions of Paired Voting Stock

Paired Voting Stock means, with respect to Class A Common Units held by a Member other than PubCo, the shares of Class B Common Stock issued in exchange for the Class B Voting Units initially paired with such Class A Common Units, subject, as applicable, to adjustment pursuant to Section 3.2(d) and Section 3.2(e) and the
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Related to Paired Voting Stock

  • Non-Voting Shares means a particular Class of Shares that do not carry the right to

  • Non-Voting Common Stock means the non-voting common stock, par value $0.01 per share, of the Company.

  • Multiple Voting Shares means the multiple voting shares in the capital of the Corporation;

  • Subordinate Voting Shares means the subordinate voting shares in the capital of the Corporation;

  • Voting Preferred Stock means, with regard to any election or removal of a Preferred Stock Director (as defined in Section 8(b) below) or any other matter as to which the holders of Series A are entitled to vote as specified in Section 8 of this Certificate of Designations, any and all series of Preferred Stock (other than Series A) that rank equally with Series A either as to the payment of dividends or as to the distribution of assets upon liquidation, dissolution or winding up of the Corporation and upon which like voting rights have been conferred and are exercisable with respect to such matter.