Arch Common Stock definition
Examples of Arch Common Stock in a sentence
Arch will conduct the Stockholder Rights Offering, in which it will issue to holders of Buyer Stock Stockholder Rights to acquire shares of Existing Arch Common Stock if a Rights Offering Adjustment shall have occurred, and, in addition, if a Rights Offering Adjustment shall have occurred, immediately following the Combination, Arch will issue Arch Participation Warrants to the stockholders of Arch to the extent any Stockholder Rights issued to such Stockholder Rights Holder were not exercised.
During the period from the date of such notice through the Effective Date, neither the Standby Purchaser nor any affiliate thereof shall acquire beneficial ownership of, or any rights to acquire, any additional shares of Existing Arch Common Stock or any Unsecured Claim.
Except as provided in the preceding sentence, contributions made to or held under the Olin CEOP on behalf of Olin Employees may not be invested in Arch Common Stock.
Any holders of Certificates who have not theretofore complied with this Article IV shall thereafter be entitled to look only to the Surviving Corporation for exchange of shares of Arch Common Stock, and any dividends and other distributions with respect thereto issuable and/or payable pursuant to Section 4.1, Section 4.2(b), and Section 4.2(d) upon due surrender of their Certificates (or affidavits of loss in lieu thereof), in each case, without any interest thereon.
Arch Common Stock received by Olin Employees in the Olin CEOP as a result of the Distribution that is attributable to (i) Olin contributions made before the Distribution may be retained in Arch Common Stock or reinvested in Olin Common Stock at the participant's election at any time and (ii) employee contributions may be retained in Arch Common Stock or reinvested in any other available option under the Olin CEOP at the participant's election at any time.
Dividends on Arch Common Stock in accounts of Olin Employees will be reinvested in Olin Common Stock.
Similarly, dividend equivalent units on Arch Restricted Stock Units and phantom shares of Common Stock will be reinvested in Arch Restricted Stock Units and phantom shares of Arch Common Stock, respectively.
Any shares of Arch Common Stock, and any portion of the dividends or other distributions with respect to the Arch Common Stock deposited by Arch with the Exchange Agent (including the proceeds of any investments thereof) that remain unclaimed by the holders of Certificates 180 days after the Effective Time shall be re-delivered to Arch.
Immediately prior to the Distribution Date, participants in the Olin Deferral Plan (whether Olin Participants or Arch Participants) who have an account invested in phantom shares of Olin Common Stock shall be credited with one phantom share of Arch Common Stock for every two phantom shares of Olin Common Stock credited to their accounts.
With respect to each such Arch Option (i) the number of shares of Arch Common Stock subject to such Arch Option shall equal the number of shares of Olin Common Stock subject to the Pre-Adjustment Option multiplied by the Distribution Ratio (rounded up to the nearest whole share), and (ii) the per- share exercise price of such Arch Option shall equal the per-share exercise price of such Pre-Adjustment Option multiplied by the Arch Ratio (rounded down to the nearest whole cent).