Disposal of Treasury Shares Sample Clauses

Disposal of Treasury Shares. 1. The Corporation shall grant 312,000 shares of common stock of the Corporation by the disposal of treasury shares (the “Disposal of Treasury Shares”) in accordance with the following terms, and the Qualified Person shall subscribe for [●] shares (the “Shares”; and the number of the Shares shall be hereinafter referred to as the “Number of Shares”) out of the said shares. (1) Class and number of the total shares which the Corporation shall grant to all Qualified Persons (the “Offered Shares”) 312,000 shares of common stock of the Corporation (2) Method of allotment of Offered Shares Allotment of shares as restricted stock (3) Amount to be paid for each Offered Share 11,586 yen per share (4) Total amount to be paid for Offered Shares 3,614,832,000 yen (5) Substance and value of the investment assets that will be contributed in kind Monetary compensation receivables payable by the Corporation that will be granted to the Corporate Executive Officers of the Corporation: 1,540,938,000 yen (the amount of monetary compensation receivables that will be contributed for the Offered Shares, per share: 11,586 yen), monetary compensation receivables payable by the Corporation that will be granted to the Non-Executive Directors of the Corporation: 92,688,000 yen (the amount of monetary compensation receivables that will be contributed for the Offered Shares, per share: 11,586 yen), monetary compensation receivables payable by the Corporation that will be granted to the Executives of the Corporation: 1,514,290,200 yen (the amount of monetary compensation receivables that will be contributed for the Offered Shares, per share: 11,586 yen) and monetary compensation receivables payable by subsidiaries of the Corporation that will be granted to Executives of such subsidiaries (the Corporation will assume such subsidiaries’ debt obligation owed to such Executives in relation to such monetary compensation receivables): 466,915,800 yen (the amount of monetary compensation receivables that will be contributed for the Offered Shares, per share: 11,586 yen) (6) Payment date July 25, 2022 (the “Payment Date”) 2. The Qualified Person hereby agrees to immediately pay, on the Payment Date, the monetary compensation receivables to the Corporation in the amount obtained by multiplying (i) the Number of Shares to be subscribed for by the Qualified Person pursuant to the main clause of the preceding Paragraph by (ii) the amount of monetary compensation receivables that will be contributed...
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Related to Disposal of Treasury Shares

  • Cancellation of Treasury Shares Each share of Company Common Stock held in the Company treasury and each share of Company Common Stock, if any, owned by any wholly-owned subsidiary of the Company immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

  • Treasury Shares The number of shares of Common Stock outstanding at any given time shall not include shares owned or held by or for the account of the Company, and the disposition of any such shares shall be considered an issue or sale of Common Stock.

  • Treasury Stock For purposes of this Section 2, shares of Common Stock owned or held at any relevant time by, or for the account of, the Company, in its treasury or otherwise, shall not be deemed to be outstanding for purposes of the calculations and adjustments herein described.

  • Cancellation of Treasury Stock and Parent-Owned Stock Any shares of Company Common Stock that are owned by the Company as treasury stock, and any shares of Company Common Stock owned by Parent or Merger Sub, shall be automatically canceled and shall cease to exist and no consideration shall be delivered in exchange therefor.

  • Cancellation of Treasury Stock Each Common Share that is owned by the Company or by any wholly owned subsidiary of the Company shall automatically be canceled and retired and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange therefor.

  • Common Stock 1 Company........................................................................1

  • Ordinary Shares The Ordinary Shares included in the Units have been duly authorized and, when issued and delivered against payment for the Offered Securities by the Underwriters pursuant to this Agreement and registered in the Company’s register of members, will be validly issued, fully paid and non-assessable. The holders of such Ordinary Shares are not and will not be subject to personal liability by reason of being such holders; such Ordinary Shares are not and will not be subject to any preemptive or other similar contractual rights granted by the Company.

  • Disposal of Subsidiary Stock Except for any sale of any Regulatory Shares or all of the Capital Stock of a Subsidiary owned by the Borrower or its Subsidiaries, in each case in compliance with the provisions of Section 6.03 hereof, Borrower shall not directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any shares of Capital Stock or other equity securities of any of its Subsidiaries, except to qualify directors if required by applicable law; or permit any of its Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any shares of Capital Stock or other equity securities of any of its Subsidiaries (including such Subsidiary), except to Borrower, a Subsidiary Loan Party, or to qualify directors if required by applicable law.

  • Common Shares 4 Company...................................................................................... 4

  • Fractional Shares of Common Stock (a) The Company shall not issue fractions of Warrants or distribute Warrant Certificates which evidence fractional Warrants. Whenever any fractional Warrant would otherwise be required to be issued or distributed, the actual issuance or distribution shall reflect a rounding of such fraction to the nearest whole Warrant (rounded down). (b) The Company shall not issue fractions of shares of Common Stock upon exercise of Warrants or distribute stock certificates which evidence fractional shares of Common Stock. Whenever any fraction of a share of Common Stock would otherwise be required to be issued or distributed, the actual issuance or distribution in respect thereof shall be made in accordance with Section 2(d)(v) of the Warrant Certificate.

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