Examples of Clearwater Common Stock in a sentence
When preceded by “Clearwater,” “Performance Shares” means awards denominated in shares of Clearwater Common Stock pursuant to which the holder can earn, in whole or in part, the right to receive a specified number of shares of Clearwater Common Stock based upon attainment of performance objectives, pursuant to a Clearwater Stock Incentive Plan.
Each distributed share of Clearwater Common Stock shall be validly issued, fully paid and nonassessable and free of preemptive rights.
The shares of Clearwater Common Stock distributed shall be distributed as uncertificated shares registered in book-entry form through the direct registration system.
In lieu of receiving fractional shares, each holder of Potlatch Common Stock who would otherwise be entitled to receive a fractional share of Clearwater Common Stock pursuant to the Distribution will receive cash for such fractional share.
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No fractional shares of Clearwater Common Stock shall be issued in the Distribution.
As a result of the Distribution and the transfers of liabilities and assets described in Section 4.1(c), each Clearwater Savings Plan and each Potlatch Savings Plan shall include investment funds comprised of Potlatch Common Stock and Clearwater Common Stock.
The Agent shall deliver an account statement to each holder of shares of Clearwater Common Stock reflecting such holder’s ownership interest in shares of Clearwater Common Stock.
Clearwater shall be responsible for issuing cash incentives or equity incentives based on Clearwater Common Stock, which may include Clearwater Restricted Stock Units, to provide a substitute of comparable value for such terminated Potlatch Restricted Stock Units.
Clearwater shall be responsible for issuing cash incentives or equity incentives based on Clearwater Common Stock, which may include Clearwater Performance Share awards, to provide a substitute of comparable value for such terminated Potlatch Performance Share awards.