Example ContractsClausesdesignation of beneficiariesVariants
Designation of Beneficiaries
Designation of Beneficiaries contract clause examples

Designation; Rank. This series of Preferred Stock shall be designated and known as “Series A Preferred Stock.” The number of shares constituting the Series A Preferred Stock shall be four million five hundred thousand (4,500,000) shares. Except as otherwise provided herein, the Series A Preferred Stock shall, with respect to rights on liquidation, winding up and dissolution, rank pari passu to the common stock, par value $0.00001 per share (the “Common Stock”) and any other classes of capital stock of [[Organization A:Organization]].

Section # Designation and Number. Of such 10,000,000 shares of Preferred Stock, $0.001 par value per share, authorized, 9,000,000 shares are designated as “Series A Preferred Stock (the “Series A Preferred Stock”).

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