Examples of Assumed Shares in a sentence
At the Effective Time, the Surviving Corporation shall take all actions as are necessary to assume the Venus Stock Plans, with the result that the Surviving Corporation may issue the Venus Assumed Shares after the Effective Time pursuant to the exercise of options or settlement of other equity awards granted under the Venus Stock Plans.
We considered six generic PEV vehicle types, cars and light trucks in three electric power categories, assuming long term market shares given in the following table: Table 3.1: Assumed Shares of New PEV Sales PEV Passenger Cars (by tech type)PHEV20 33% Having little reliable empirical evidence on the forward composition of this market, we chose fairly generic shares to capture diversity of the fleet.
At the Effective Time, by virtue of the Merger and without the need of any further corporate action, Parent shall assume the Company Stock Plan, with the result that Parent may issue the Assumed Shares after the Effective Time pursuant to the exercise of options or other equity awards granted under the Company Stock Plans or any other plan of Parent or any its Affiliates.
At the Second Effective Time, HoldCo shall take all actions necessary to assume the Company Equity Plan, with the result that HoldCo may issue the Assumed Shares after the Second Effective Time pursuant to equity awards granted under the Company Equity Plan or any other plan of HoldCo or any of its Affiliates.
At the Effective Time, by virtue of the Merger and without the need of any further corporate action, Parent shall assume the Company Stock Plans, with the result that Parent may issue the Assumed Shares after the Effective Time pursuant to the exercise of options or other equity awards granted under the Company Stock Plans or any other plan of Parent or any its affiliates.
The Assumed Shares reserved for issuance shall be subject to the terms and conditions of the Parent Acquisition Equity Incentive Plan.
The Assumed Shares shall thereafter be reserved for issuance under an acquisition equity incentive plan of Parent (the “Parent Acquisition Equity Incentive Plan”), which Parent will implement in connection with the Merger.
Parent shall also take any action required to be taken under any applicable state or provincial securities laws in connection with the issuance and reservation of shares of Parent Common Stock in the Merger and in connection with the Converted RSU Awards and Assumed Shares and the Company shall furnish as promptly as reasonably practicable all information concerning the Company and the holders of Company Common Stock as may be reasonably requested in connection with any such action.
The Assumed Shares have been assumed by the Company pursuant to the Agreement and Plan of Merger dated November 28, 2006 between the Company and Brainstorm Cell Therapeutics Inc., a Washington corporation.
Based upon and subject to the foregoing, we are of the opinion that the Assumed Shares have been duly authorized for issuance and, when the Assumed Shares are issued and paid for in accordance with the terms and conditions of the Amended and Restated 2004 Global Share Option Plan and the Amended and Restated 2005 U.S. Stock Option and Incentive Plan, the Assumed Shares will be validly issued, fully paid and nonassessable.