Distributions in Stock Sample Clauses
The "Distributions in Stock" clause defines how distributions to shareholders or partners are made in the form of company stock rather than cash or other assets. Typically, this clause outlines the circumstances under which stock dividends or stock splits may occur, and specifies the process for allocating additional shares to existing holders based on their current ownership percentages. Its core practical function is to ensure that all parties understand how non-cash distributions are handled, maintaining proportional ownership and preventing dilution, while providing a clear mechanism for equity-based distributions.
Distributions in Stock. If any distribution consists of a Stock split or free allotment of Stock, the Depositary shall distribute to the Holders of ADSs entitled thereto, in proportion to the number of American Depositary Shares held by them respectively, additional number of American Depositary Shares representing the amount of Stock or other securities received as such distribution. In lieu of delivering fractional ADSs in any such case, the Depositary may, in its discretion, sell the amount of Stock or other securities constituting the aggregate of such fractions (or ADSs representing such aggregate) and distribute the net proceeds of such sale, all in the manner and subject to the conditions described in Section 4.02.
Distributions in Stock. If any distribution consists of a dividend in, or free distribution of, Stock, the Depositary may (in lieu of the distribution authorized by Section 4.02) in its discretion upon prior consultation with and approval of the Company distribute to the record holders of American Depositary Receipts on the record date fixed pursuant to Section 4.06 and make available for distribution to the holders of European Depositary Receipts entitled thereto, in proportion to the number of American Depositary Shares or European Depositary Shares held by them, respectively, additional Receipts in the same forms for an aggregate number of American Depositary Shares or European Depositary Shares, as the case may be, representing the amount of Stock received as such dividend or free distribution. In lieu of delivering Receipts for fractional American Depositary Shares or European Depositary Shares in any such case, the Depositary may, in its discretion, sell the amount of Stock, or American Depositary Shares or European Depositary Shares, as the case may be, represented by the aggregate of such fractions at public or private sale, at such place or places and upon such terms as it may deem proper, or if any portion of such amount consists of shares of Stock which are insufficient in number to constitute a full Unit, sell such portion to the Company in accordance with the applicable provisions of the Japanese Commercial Code or any other Japanese law, and distribute or make available for distribution the net proceeds of any such sale, all in the manner and subject to the conditions described in Section 4.01.
Distributions in Stock. If so directed by the Plan Administrator, distributions in shares of Employer Securities can be made to a Participant or Beneficiary by the Trustee. The Employer shall provide the Participant or Beneficiary with an explanation of the "put option" (as described in Section 10.4) prior to the distribution election.
Distributions in Stock. If any distribution consists of a dividend in, or free distribution of, Stock or other securities, the Depositary may (in lieu of the distributions authorized by Section 4.02) in its discretion with the approval of Hitachi distribute to the record holders of outstanding Receipts entitled thereto, in proportion to the number of American Depositary Shares held by them respectively, additional Receipts for an aggregate number of American Depositary Shares representing the amount of Stock or other securities received as such dividend or free distribution. In lieu of delivering Receipts for fractional American Depositary Shares in any such case, the Depositary may, in its discretion, sell the amount of Stock or other securities constituting the aggregate of such fractions (or Receipts representing such aggregate) and distribute the net proceeds of such sale, all in the manner and subject to the conditions described in Section 4.02.
Distributions in Stock. If any distribution upon any Deposited Securities consists of a dividend in, or free distribution of, Stock, the Depositary may with the Company's approval, and shall if the Company shall so request, distribute to the Holders of outstanding Receipts entitled thereto, in proportion to the number of American Depositary Shares representing such Deposited Securities held by them respectively, additional Receipts for an aggregate number of American Depositary Shares representing the amount of Stock received as such dividend or free distribution. In lieu of delivering Receipts for fractional American Depositary Shares in any such case, the Depositary may sell the amount of Stock represented by the aggregate of such fractions and distribute the net proceeds, all in the manner and subject to the conditions described in Section 4.2. If additional Receipts are not so distributed, each American Depositary Share shall thenceforth also represent the additional Stock distributed upon the Deposited Securities represented thereby.