Examples of Class L Common Stock in a sentence
Each “Unit” consists of 9 shares of Class A Common Stock of the Company, par value $.001 per share, and 1 share of Class L Common Stock of the Company, par value $.001 per share, subject to adjustment as provided in the Plan.
The Corporation shall not in any manner subdivide or increase the number of (by stock split, stock dividend or other similar manner), or combine in any manner, the outstanding shares of Class L Common Stock.
No amendment to the provisions of this Section 4.12 shall be effective without the prior written consent of the holders of a majority of the then outstanding shares of Class L Common Stock or, if there is no Class L Common Stock then outstanding, the holders of a majority of the Class L Common Stock at the time such Common Stock was converted into Class A Common Stock.
Class L Common Stock of CRC Health Group, Inc., par value $.001 per share.
The 2010 Plan reflects a recapitalization of Broadcasting Partners and Broadcast Holdings whereby the original Class A Common Stock and Class L Common Stock of Broadcasting Partners and shares of Preferred Stock of Broadcast Holdings were converted to new classes of stock of Broadcasting Partners.