Define: Deferred Shares
deferred shares of PS * each in the capital of the Company from time to time;
deferred shares of PS * each in the capital of the Company from time to time;.
Relevant Circumstances
- When non-voting deferred shares are created as part of a leaver mechanism
- If unvested employee shares are converted into deferred shares on departure
- Where deferred shares have minimal economic rights but sit on the cap table