We are looking forward to the new frontiers of child and youth participation. As our organisation grows in its understanding and practice of participation and representative voice, we have developed a Strategic Direction for Child and Youth Participation to improve our ways of working, define new goals, and overcome new challenges in child and youth participation.
Our Work. Where We Work. Participation Right shall have the meaning ascribed to such term in Section 4. Participation Right has the meaning set forth in Section 4.
Participation Right shall have the meaning set out in Section 2. Participation Right means the right to participate in payments and distributions , if any, made to the Equityholders from: i Purchaser in respect of the calculation of the Merger Consideration as finally determined pursuant to Section 1. Children must not be pressured into participatory activities and independent advocacy support should be sought where appropriate.
In Rights Respecting Schools, staff create an environment that is conducive to participation. A wide range of opportunities are provided for all children to become involved in decision-making in different contexts, including in governing bodies, staff appointments, curriculum planning and evaluating teaching and learning.
The liquidation preference amount can be paid in cash or stock of an acquiror. A series of preferred stock has a "senior" liquidation preference when it is entitled to receive its liquidation preference before another series of preferred stock. All series of preferred stock will, of course, be "senior" to the common stock simply by virtue of having a liquidation preference. The amount of liquidation preference that a given series of preferred stock has is usually equal to the amount paid for the stock.
However, in certain financings new investors may require that their liquidation preference amount be equal to more than the amount they originally invested often referred to as a "multiple" liquidation preference. Multiples tend to be one and one-half to three times the purchase price. A multiple liquidation preference will almost always also be a senior liquidation preference as well. Preferred stock is said to "participate" or to have "participation" rights when, after the holders of preferred stock receive their full liquidation preference amount, they are then entitled to share with the holders of common stock in the remaining amount being paid for the company or otherwise distributed to stockholders.
Participation rights are described as "capped" when the participation rights of the preferred stock are limited so that the preferred stock stops participating in the proceeds of a sale or other distribution after it has received back a pre-determined dollar amount caps typically range from three to five times the original amount invested.
Note: If the price paid for the company in this example were substantially higher e. Holders of preferred stock having a cumulative dividend right are entitled to be paid, in addition to a liquidation preference, an amount equal to a certain percentage per year of the purchase price for the preferred stock typically five to eight percent. In some circumstances cumulative dividends must be paid annually, but this is unusual in venture financed companies.
Almost all preferred stock issued in venture financings can be converted into common stock at the option of the holder of preferred stock. The typical initial conversion rate is one share of preferred stock converts into one share of common stock.
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