Common use of Distributions with Respect to Unsurrendered Shares Clause in Contracts

Distributions with Respect to Unsurrendered Shares. (i) No dividends or other distributions declared or made after the Effective Time with respect to shares of WPL Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of WPL Common Stock represented thereby and no cash payment in lieu of fractional shares shall be paid to any such holder pursuant to Section 2.3(d) until the holder of record of such Certificate (or a transferee as described in Section 2.3(b)) shall surrender such Certificate.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Interstate Power Co), Agreement and Plan of Merger (Wisconsin Power & Light Co), Agreement and Plan of Merger (Ies Industries Inc)

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