Common use of Distribution of Shares and Cash Clause in Contracts

Distribution of Shares and Cash. Abbott shall instruct the Agent to distribute, as soon as practicable following the Effective Time, to each Record Holder the following: (i) one share of AbbVie Common Stock for each Abbott Common Share held by such Record Holder as of the Record Date; and (ii) cash, if applicable, in lieu of fractional shares obtained in the manner provided in Section 3.03.

Appears in 2 contracts

Samples: Separation and Distribution Agreement (AbbVie Inc.), Separation and Distribution Agreement (Abbott Laboratories)

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Distribution of Shares and Cash. Abbott shall instruct the Agent to distribute, as soon as practicable following the Effective Time, to each Record Holder the following: (i) one [·] of a share of AbbVie Common Stock for each Abbott Common Share held by such Record Holder as of the Record Date; and (ii) cash, if applicable, in lieu of fractional shares obtained in the manner provided in Section 3.03.

Appears in 2 contracts

Samples: Separation and Distribution Agreement (AbbVie Inc.), Separation and Distribution Agreement (AbbVie Inc.)

Distribution of Shares and Cash. Abbott shall instruct the Agent to distribute, as soon as practicable following the Effective TimeDistribution, to each the Record Holder Holders the following: (i) one [___] of a share of AbbVie Hospira Common Stock for each Abbott Common Share held by such Record Holder outstanding as of the Record Date; and (ii) cash, if applicable, in lieu of fractional shares obtained in the manner provided in Section SECTION 3.03.

Appears in 1 contract

Samples: Separation and Distribution Agreement (Hospira Inc)

Distribution of Shares and Cash. Abbott shall instruct the Agent to distribute, as soon as practicable following the Effective TimeDistribution, to each the Record Holder Holders the following: (i) one one-tenth of a share of AbbVie Hospira Common Stock for each Abbott Common Share held by such Record Holder outstanding as of the Record Date; and (ii) cash, if applicable, in lieu of fractional shares obtained in the manner provided in Section 3.03.

Appears in 1 contract

Samples: Separation and Distribution Agreement (Hospira Inc)

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Distribution of Shares and Cash. Abbott shall instruct the Agent to distribute, as soon as practicable following the Effective Time, to each Record Holder the following: (i) one [•] of a share of AbbVie Common Stock for each Abbott Common Share held by such Record Holder as of the Record Date; and (ii) cash, if applicable, in lieu of fractional shares obtained in the manner provided in Section 3.03.

Appears in 1 contract

Samples: Separation and Distribution Agreement (AbbVie Inc.)

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