Initial Shares Definition Example with 6 Variations

This page contains an example definition of Initial Shares, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Initial Shares. Means a number of Registrable Securities equal to the lesser of (a) the total number of Registrable Securities and (b) one-third of the number of issued and outstanding shares of Common Stock that are held by non-Affiliates of the Company on the day immediately prior to the filing date of the Initial Registration Statement.

Variations

Initial Shares. Means means a number of Registrable Securities equal to the lesser of (a) either (i) the total number of Registrable Securities and (b) or (ii) in the event SEC Guidance limits the number of Registrable Securities included on a Registration Statement, an amount equal to at least one-third of the number of issued and outstanding shares of Common Stock that are held by non-Affiliates non-affiliates of the Company on the day immediately prior to the filing date of the Initial Registration ... class="diff-color-red">Statement. Statement View More Arrow
Initial Shares. Means a number of Registrable Securities equal to the lesser of (a) the total number of Registrable Securities and (b) one-third of the number of issued and outstanding shares of Common Stock that are held by non-Affiliates Non-Affiliates of the Company on the day date immediately prior to the filing date of the Initial Registration Statement. Statement
Initial Shares. Means means a number of Registrable Securities equal to the lesser of (a) (i) the total number of Registrable Securities and (b) (ii) one-third of the number of issued and outstanding shares of Common Stock Ordinary Shares that are held by non-Affiliates non-affiliates of the Company on the day immediately prior to the filing date of the Initial Registration Statement. Statement (or in the event the Existing Shelf Registration Statement is the Initial Registration Statement, on the day... immediately prior to the filing of the Prospectus supplement) View More Arrow
Initial Shares. Means means a number of Registrable Securities equal to the lesser of (a) (i) the total number of Registrable Securities Securities, and (b) (ii) one-third of the number of issued and outstanding shares of Common Stock that are issued and outstanding and held by non-Affiliates non-affiliates of the Company on the day immediately prior to the filing date of the Initial Registration Statement.
Initial Shares. Means means a number of Registrable Securities equal to the lesser of (a) (i) the total number of Registrable Securities and (b) Securities, (ii) one-third of the number of issued and outstanding shares of Common Stock that are held by non-Affiliates non-affiliates of the Company on the day immediately prior to the filing date of the Initial Registration Statement. Statement and (iii) such lesser amount of Registrable Securities as may be required by SEC Guidance.
Initial Shares. Means means a number of Registrable Securities equal to the lesser of (a) the total number of Registrable Securities and (b) one-third of the number of issued and outstanding shares of Common Stock that are held by non-Affiliates Non-Affiliates of the Company on the day date immediately prior to the filing date of the Initial Registration Statement.
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