Common use of Company Restricted Stock Clause in Contracts

Company Restricted Stock. At the Effective Time, each vested and unvested share of restricted stock granted pursuant to the 2013 Plan that is outstanding immediately prior to the Effective Time (each such share, a share of “Company Restricted Stock”) shall be terminated and cancelled and shall only entitle the holder of each such share of Company Restricted Stock to receive, as soon as reasonably practicable after the Effective Time, an amount equal to the Per Share Merger Consideration (without interest and after giving effect to any required Tax withholdings as provided in Section 2.2(h)).

Appears in 2 contracts

Samples: Merger Agreement (Straight Path Communications Inc.), Merger Agreement (Straight Path Communications Inc.)

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Company Restricted Stock. At the Effective Time, each vested and unvested share of restricted stock granted pursuant to the 2013 Plan Stock Plans that is outstanding immediately prior to the Effective Time (each such share, a share of “Company Restricted Stock”) shall be terminated and cancelled and shall only entitle the holder of each such share of Company Restricted Stock to receive, as soon as reasonably practicable after the Effective Time, (i) an amount in cash equal to the Per Share Cash Merger Consideration Consideration, less applicable Taxes required to be withheld with respect to such payment and (without interest and after giving effect to any required Tax withholdings as provided in Section 2.2(h))ii) one Contingent Value Right.

Appears in 2 contracts

Samples: Merger Agreement (Leap Wireless International Inc), Merger Agreement (At&t Inc.)

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