Founder Registrable Stock

Founder Registrable Stock. Means (a) all Common Stock now or hereafter owned by the Founder or any Affiliate of the Founder (other than the Company), and (b) any other shares of Common Stock issued in respect of such shares by way of a stock dividend, or stock split or in connection with a combination of shares, recapitalization, merger or consolidation or reorganization; provided, however, that shares of Common Stock shall only be treated as Founder Registrable Stock if and so long as they have not been (i) sold to or... through a broker or dealer or underwriter in a public distribution or a public securities transaction, or (ii) sold in a transaction exempt from the registration and prospectus delivery requirements of the Securities Act under Section 4(l) thereof so that all transfer restrictions and restrictive legends with respect to such Common Stock are removed upon the consummation of such sale. View More