Common use of Stock Splits; Stock Dividends Clause in Contracts

Stock Splits; Stock Dividends. In the event of any stock split or ----------------------------- stock dividend with respect to Premiere Common Stock that becomes effective during the term of this Agreement, the additional shares so issued with respect to the Escrow Shares shall be added to the Escrow Shares and subject to the escrow covered by this Agreement and any other references herein to a specific number of shares of Premiere Common Stock or references herein to prices for or the fair market value of Premiere Common Stock shall be adjusted accordingly.

Appears in 2 contracts

Samples: Merger Agreement (Premiere Technologies Inc), Stock Purchase Agreement (Premiere Technologies Inc)

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Stock Splits; Stock Dividends. In the event of any stock split or ----------------------------- stock dividend with respect to Premiere Acquiror Common Stock that becomes effective during the term of this Agreement, the additional shares so issued with respect to the Escrow Shares shall be added to the Escrow Shares and subject to the escrow covered by this Agreement and any other references herein to a specific number of shares of Premiere Acquiror Common Stock or references herein to prices for or the fair market value of Premiere Common Stock Closing Price shall be adjusted accordingly.

Appears in 2 contracts

Samples: Merger Agreement (Mohawk Industries Inc), Merger Agreement (Mohawk Industries Inc)

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Stock Splits; Stock Dividends. In the event of any stock split or stock ----------------------------- stock dividend with respect to Premiere Common Stock that becomes effective during the term of this Agreement, the additional shares so issued with respect to the Escrow Shares shall be added to the Escrow Shares and subject to the escrow covered by this Agreement and any other references herein to a specific number of shares of Premiere Common Stock or references herein to prices for or the fair market value of Premiere Common Stock shall be adjusted accordingly.

Appears in 1 contract

Samples: Asset Purchase Agreement (Premiere Technologies Inc)

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