Common use of Distribution of Shares and Cash Clause in Contracts

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

Distribution of Shares and Cash. Xxxxxx shall instruct the Agent to distribute, as soon as practicable following the Effective Time, to each Record Holder the following: (i) one share [—] share[s] of Baxalta Common Stock for each Baxter Common Share held by such Record Holder as of the Record Date (the number of shares of Baxalta Common Stock received for each Baxter Common Share held by such Record Holder as of the Record Date, the “Distribution Ratio”); and (ii) cash, if applicable, in lieu of fractional shares obtained in the manner provided in Section 3.03.