Distribution of Shares and Cash. Aptiv shall instruct the Agent to distribute, as soon as practicable following the Effective Time, to each Record Holder the following: (i) one (1) share of Delphi Technologies Stock for every three (3) shares of Aptiv Stock 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 3.2(c). All of the shares of Delphi Technologies Stock distributed will be validly issued, fully paid and non-assessable.
Appears in 3 contracts
Samples: Separation and Distribution Agreement (Delphi Technologies PLC), Separation and Distribution Agreement (Delphi Technologies PLC), Separation and Distribution Agreement (Delphi Automotive PLC)
Distribution of Shares and Cash. Aptiv shall instruct the Agent to distribute, as soon as practicable following the Effective Time, to each Record Holder the following: (i) one (1) [ π ] share of Delphi Technologies Stock for every three (3) shares [ π ] share of Aptiv Stock 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 3.2(c). All of the shares of Delphi Technologies Stock distributed will be validly issued, fully paid and non-assessable.
Appears in 2 contracts
Samples: Separation and Distribution Agreement, Separation and Distribution Agreement (Delphi Technologies PLC)
