Available Stock definition
Examples of Available Stock in a sentence
The Company may elect to exercise the right to purchase all or any portion of the Eligible Stock or the Available Stock, as the case may be, by delivering written notice (the "Repurchase Notice") to the holder or holders of such Executive Securities.
If Executive is no longer employed by the Company or any of its Subsidiaries as a result of Executive's termination for Cause, then within one year after the Termination Date, the Company may elect to purchase all or any portion of the Executive Securities (collectively, the "Available Stock"), at a price per share equal to the lower of the Fair Market Value thereof and the Original Value thereof.
Within ten (I 0) days following the receipt of such written notice, each Participating Stockholder may elect to purchase a portion of the Available Stock proportionate to such Participating Stockholder’s Stockholder Ownership on the same terms and price.
For purposes of this Section, Total ASARCO Available Stock equals (A) the number of shares of ASARCO Common Stock exchanged in the ASARCO Offer plus the number of shares of ASARCO Common Stock to be converted in the ASARCO Merger, multiplied by (B) 0.25133120.
As soon as practicable after the Company has determined that there will be Available Stock, but in any event within 60 days after the date of termination of the Executive's employment, the Company shall give written notice to the Investor setting forth the number of shares of Available Stock of each class and the purchase price for each class of Available Stock.