Common use of Hook Stock Clause in Contracts

Hook Stock. Each Class A Share of Hook Stock (or fraction thereof, in the case of a fractional share) and each Class B Share of Hook Stock (or fraction thereof, in the case of a fractional share) that is issued prior to the Distribution Effective Time shall be unaffected by the Distribution and shall remain one Class A Share (or fraction thereof, in the case of a fractional share) or one Class B Share (or fraction thereof, in the case of a fractional share), as applicable.

Appears in 4 contracts

Samples: Distribution Agreement (Fox Corp), Distribution Agreement (New Fox, Inc.), Distribution Agreement (Twenty-First Century Fox, Inc.)

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