Common use of Treatment of Company RSUs Clause in Contracts

Treatment of Company RSUs. At the Effective Time, each Company RSU that is outstanding immediately prior to the Effective Time shall, automatically and without any required action on the part of the holder thereof, vest (if unvested) and be cancelled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the total number of shares of Company Common Stock underlying such Company RSU (including any shares of Company Common Stock in respect of dividend equivalent units credited thereon) multiplied by (ii) the Merger Consideration (the “Company RSU Consideration”).

Appears in 3 contracts

Samples: Merger Agreement (Mr. Cooper Group Inc.), Merger Agreement (Home Point Capital Inc.), Merger Agreement (Corelogic, Inc.)

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Treatment of Company RSUs. At the Effective Time, each Company RSU that is outstanding immediately prior to the Effective Time shall, automatically and without any required action on the part of the holder thereof, vest (if unvested) and be cancelled and converted into the right to receive an amount in cash, without interestinterest and subject to any withholding of Taxes required by applicable Law, equal to the product of (i) the total number of shares of Company Common Stock underlying such Company RSU (including any shares of Company Common Stock in respect of dividend equivalent units credited thereon) multiplied by (ii) the Merger Consideration (the “Company RSU Consideration”).

Appears in 3 contracts

Samples: Merger Agreement (Qualcomm Inc/De), Merger Agreement (Veoneer, Inc.), Merger Agreement (Veoneer, Inc.)

Treatment of Company RSUs. At the Effective Time, each Company RSU that is outstanding immediately prior to the Effective Time shall, automatically and without any required action on the part of the holder thereof, vest (if unvested) and shall be cancelled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the total number of shares of Company Common Stock underlying such Company RSU (including any shares of Company Common Stock in respect of dividend equivalent units credited thereon) multiplied by (ii) the Merger Consideration (the “Company RSU Consideration”).

Appears in 2 contracts

Samples: Merger Agreement (SP Plus Corp), Merger Agreement (SP Plus Corp)

Treatment of Company RSUs. At the Effective Time, each Each Company RSU that is outstanding as of immediately prior to the Effective Time shallTime, automatically and without any required action on the part of the holder thereofwhether vested or unvested, vest (if unvested) and will be cancelled and converted into the right to receive an amount in cash, without interest, cash equal to the product of (ia) the total number of shares Shares issuable in settlement of Company Common Stock underlying such Company RSU (including any shares of Company Common Stock in respect of dividend equivalent units credited thereon) immediately prior to the Effective Time without regard to vesting multiplied by (iib) the Merger Consideration (the “Company RSU Consideration”).

Appears in 1 contract

Samples: Offer to Purchase (Invox Pharma LTD)

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Treatment of Company RSUs. At the Effective Time, each Company RSU that is outstanding immediately prior to the Effective Time shall, automatically and without any required action on the part of the holder thereof, vest (if unvested) and be cancelled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the total number of shares of Company Common Stock underlying such Company RSU (including any shares of Company Common Stock in respect of dividend equivalent units credited thereon) multiplied by (ii) the Merger Consideration (the “Company RSU Consideration, subject to Section 3.3(c).

Appears in 1 contract

Samples: Merger Agreement (Charah Solutions, Inc.)

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