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Sat 16 Jul, 2005 07:25 am
He also received an equity stake in the publishing firm, granting him a 1% portion from any sale of the company, or about $5.2 million under an estimate in the contract.
1 received an equity stake: Does he hold a share of the company?
2 any sale of the company: The company is a magazing company. Does "any sale" mean 1 magazine? How can one magazine worth $5.2 million?
1. yes, an equity stake is a share.
2. "any sale" here refers to the company itself being sold.
What I imagine is if something have many shares, you take a share, I take a share, he takes a share, ok, when you want to say (before any share are taken): If you take any "something", I'll ... It means even if you take only one share of "something", I'll... Yet in this sentense, a company can be either sold as a whole, or not on sale at all. So what does "any" mean?
I'm not sure if I make my point clear? Do you get it?
I know it sounds odd, but "any" is being used in a specialised legal sense. "Any sale" here means something like "a sale to anyone at any time in the future" - in other words, nobody is currently planning to sell the company, they are just establishing what this person would be entitled to if it did happen.
Sounds reasonable. And I can get what you mean. Thank you for your helpful information.
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