Calculation of Share Numbers. For purposes of this Article 2 only, any calculation of the number of shares of Common Stock owned by a Holder shall be determined by the Board of Directors of the Company, as follows: (i) "owned" shall mean Beneficial Ownership and (ii) each calculation shall be equitably adjusted for subsequent stock splits, reverse stock splits, stock combinations, recapitalizations, stock dividends and the like.
Appears in 3 contracts
Samples: Post Merger Stockholders Agreement (Hicks Thomas O), Post Merger Stockholders Agreement (Carpenter Tommie R), Post Merger Stockholders Agreement (Specialty Teleconstructors Inc)
Calculation of Share Numbers. For purposes of this Article 2 Section 2.1 only, any calculation of the number of shares of Common Stock owned by an HMC Shareholder or a Holder Cartxx Xxxreholder at any date shall be determined by the Board of Directors of the Company, as follows: (i) "owned" shall mean Beneficial Ownership and (ii) each calculation shall be equitably adjusted for subsequent stock splits, reverse stock splits, stock combinations, recapitalizations, stock dividends and the like.
Appears in 1 contract
