Examples of CRG Shares in a sentence
In addition, outstanding unvested stock options under the Carrols Stock Incentive Plan were converted into restricted CRG Shares (“Carrols Restricted Stock”) using a conversion formula to preserve the intrinsic value of each option to the holder.
On March 5, 2012, all outstanding vested stock options under the Carrols Stock Incentive Plan (“Carrols Options”) were converted into unrestricted CRG Shares using a conversion formula to preserve the intrinsic value of each option to the holder.
After the Closing, MacDonald shall, and shall use his best efforts to cause the other Shareholders to, execute and deliver such further instruments of conveyance and transfer and take such additional action as Purchasers may reasonably request to effect, consummate, confirm or evidence the transfer to MergerSub of the CRG Shares.
From and after the date hereof, there shall be no transfers on the stock transfer books of CRG of any CRG Shares outstanding immediately prior to the Effective Time and, following the Effective Time, any such CRG Shares presented to the Purchasers shall be canceled in exchange for the Merger Consideration payable with respect thereto as provided in Section 1.3.
It is anticipated that fractional shares shall not be issued as part of the Merger Consideration, but in the case where a holder of CRG Shares would, except for this provision be entitled under the terms of this Agreement to receive a fractional share of Holdings Shares, Holdings shall deliver to such holder of CRG Shares that amount of cash equal to the value of such fractional share.
MacDonald shall, and shall use his best efforts to cause the other Shareholders to execute such documents as may be necessary to assist Purchasers (or their designees) in preserving or perfecting their rights in the CRG Shares.
The approval by the holders of a majority of the CRG Shares at a special shareholders' meeting to be held to consider and vote upon the Merger (or by written consent for such purpose) will be sufficient to approve the Merger in accordance with the requirements of California law and CRG's articles of incorporation and by-laws.
Notwithstanding anything in Section 1.4 or elsewhere in this Agreement to the contrary, no party hereto shall be liable to a former holder of CRG Shares for any cash delivered to a public official pursuant to applicable escheat or abandoned property laws.
The "Per Share Amount" of any aggregate amount (e.g., Stock Consideration) shall mean the quotient obtained by dividing such aggregate amount by the total number of CRG Shares issued and outstanding as of the Effective Time, other than CRG Shares owned by CRG, and including Dissenting Shares.
The sale, conveyance, assignment and delivery of the CRG Shares and the payment of the Merger Consideration pursuant to the terms of this Agreement shall take place at the Closing, and, simultaneously, the other transactions contemplated by this Agreement shall take place by the delivery of all of the closing documents set forth in Section 7.3.