Retained Shares
Retained Shares. Means the Class A Shares held by the Sponsor following transfer of the Acquired Securities at the Closing in accordance with this Agreement.
Retained Shares. Shall mean: * 4,779,450 shares of Common Stock (the "Maximum Number of Shares"), if the Market Value is less than $0.17; or * a number of shares of Common Stock equal to the quotient obtained by dividing $812,500, by the Market Value, if the Market Value is equal to or greater than $0.17 but less than $2.00; or * 406,250 shares of Common Stock (the "Minimum Number of Shares"), if the Market Value is equal to or greater than $2.00.
Found in
AvStar Aviation Group, Inc. contract
Retained Shares. Means not more than 250,000 shares of Common Stock, if any, held by Affiliates of the Buyer at the date hereof.
All Definitions
Found in
CARROLS CORP contract