Continuing Awards. Each Continuing Award shall be assumed and converted automatically into a restricted stock unit relating to shares of Series C Common Stock (a “Parent Award”) entitling the holder to receive, on substantially the same terms and conditions (including, for the avoidance of doubt, vesting) as were applicable under such Continuing Award immediately prior to the Effective Time, a number of shares of Series C Common Stock (rounded down to the nearest whole number of shares of Series C Common Stock) equal to the product of (x) the total number of Shares subject to such Continuing Award immediately prior to the Effective Time multiplied by (y) the Stock Award Consideration.
Appears in 4 contracts
Samples: Voting Agreement (Newhouse Broadcasting Corp), Agreement and Plan of Merger (Scripps Networks Interactive, Inc.), Agreement and Plan of Merger (Discovery Communications, Inc.)
