Stock Dividend or Distribution Sample Clauses
The Stock Dividend or Distribution clause defines how additional shares or distributions issued by a company, such as stock dividends or stock splits, are handled under an agreement. It typically specifies that if the company issues new shares to existing shareholders without requiring payment, the parties to the agreement will receive proportionate adjustments to their holdings or rights. For example, if a shareholder receives extra shares due to a stock split, their ownership percentage remains unchanged. This clause ensures fairness and maintains the intended balance of ownership or rights among parties, preventing dilution or unintended changes in value due to corporate actions.
Stock Dividend or Distribution. If the Trustee shall receive, as a dividend or other distribution upon any Trust Shares, any additional Class A Exchangeable Shares or other Voting Securities, the Trustee shall within two Business Days deposit the same in the relevant Beneficiary Account with respect to such Trust Shares. Such Class A Exchangeable Shares or other Voting Securities shall be and become subject to all of the terms and conditions hereof to the same extent as if originally deposited hereunder pursuant to Section 2.01. The Trustee shall record such additional Class A Exchangeable Shares or other Voting Securities in the Beneficiaries' Beneficiary Accounts and issue Certificates in respect of such Class A Exchangeable Shares or other Voting Securities to the applicable Beneficiaries.
Stock Dividend or Distribution. If the Trustee shall receive, as a dividend or other distribution upon any Trust Shares, any additional Company Shares or other Voting Securities, the Trustee shall, within two Business Days, deposit the same in the relevant Beneficiary Account with respect to such Trust Shares. Such Company Shares or other Voting Securities shall be and become subject to all of the terms and conditions hereof to the same extent as if originally deposited hereunder pursuant to Section 2.01. The Trustee shall record such additional Company Shares or other Voting Securities in the Beneficiaries' Beneficiary Accounts and issue Certificates in respect of such Company Shares or other Voting Securities to the applicable Beneficiaries.
Stock Dividend or Distribution. If the Company shall declare any dividend or other distribution upon its outstanding Stock payable in Stock, or shall subdivide its outstanding shares of Stock into a greater number of shares, then, on the effective date of such dividend, distribution or subdivision, the number of Shares that may thereafter be purchased upon the exercise of the rights represented hereby shall be increased in proportion to the increase through such dividend, distribution or subdivision, and the Share Purchase Price shall be decreased in such proportion. In case the Company shall at any time combine the outstanding shares of its Stock into a smaller number of shares, then, on the effective date of such combination, the number of Shares that may thereafter be purchased upon the exercise of the rights represented hereby shall be decreased in proportion to the decrease through such combination, and the Share Purchase Price shall be increased in such proportion.
Stock Dividend or Distribution. If the Trustee shall receive, as a dividend or other distribution upon any Trust Shares, any additional Shares or Voting Securities, the Trustee shall hold the same subject to this Agreement for the benefit of the Beneficiaries ratably in accordance with the number of Trust Shares represented by their respective Certificates, and such Shares or Voting Securities shall be and become subject to all of the terms and conditions hereof to the same extent as if originally deposited hereunder pursuant to Section 2.01 hereof. The Trustee shall issue Certificates in respect of such Shares or Voting Securities to the Beneficiaries.
Stock Dividend or Distribution. In the event of a stock dividend or distribution, or any change in the Company Common Stock by reason of any stock dividend or distribution, or any change in the Company Common Stock by reason of any stock dividend, split-up, recapitalization, combination, exchange of shares or the like, the term "Shares" shall be deemed to refer to and include the Shares as well as all such stock dividends and distributions and any shares into which or for which any or all of the Shares may be changed or exchanged. Each Stockholder shall be entitled to receive any cash dividend paid by the Company during the term of this Agreement until the Shares are canceled in the Merger.
Stock Dividend or Distribution. If the Trustee shall receive, as a dividend or other distribution upon any Shares held by the Trustee under this Agreement, any shares of common or preferred stock of the Company or any securities convertible into same ("Distribution Shares"), the Trustee shall hold the same subject to this Agreement for the benefit of the Beneficiaries in proportion to their respective interests, and said Distribution Shares shall be deemed "Shares" under this Agreement and shall be subject to all of the terms and conditions hereof to the same extent as if originally deposited hereunder. The Trustee shall issue Certificates in respect of such Distribution Shares to the Beneficiaries in proportion to their respective interests (which may be issued as a separate class, distinct from the Certificates issued in respect of Shares of common stock, if such Distribution Shares are securities other than common stock), and said Distribution Shares shall be subject to all of the terms and conditions hereof to the same extent as if originally deposited hereunder.