Automatic Conversion Upon Permitted Outside Transfer. Upon any Permitted Outside Transfer, each share of Nonvoting common stock so transferred shall, automatically and without the act of the holder thereof, be converted into one share of common stock in the hands of the transferee, subject to paragraph (B)(6)(b) of this Article FOURTH. Such conversion shall take effect simultaneously with the applicable Permitted Outside Transfer.
Appears in 4 contracts
Samples: Merger Agreement (Schwab Charles Corp), Agreement and Plan of Merger (Td Ameritrade Holding Corp), Merger Agreement (Td Ameritrade Holding Corp)
