Monetary consideration clause samples
(4) ClassC Units and ClassD Units of IGS Holding have no voting rights. Accordingly, only holders of Voting Units of IGS Holding have voting and dispositive power, and therefore, beneficial ownership, with respect to shares of the Company. However, Mr.Phillips does currently own approximately 14.5million and 39.2million ClassC Units and ClassD Units of IGS Holding, respectively, which were granted to Mr.Phillips for no monetary consideration. Mr.Phillips also currently owns 39.0million non-voting ClassC Units of Infor Enterprise, which were granted to Mr.Phillips for no monetary consideration and 0.5million non-voting ClassA Units of IGS Holding which Mr.Phillips acquired at fair market value.
“I've found it very easy to use. It allows me to work quickly, get something straight from my head and out into the public.”
Partner, Siskind Susser PC
