Examples of Dover Common Stock in a sentence
Subject to the conditions and other terms in this Article IV, Dover will cause the Agent on the Distribution Date to make the Distribution, including by crediting the appropriate number of shares of Apergy Common Stock to book entry accounts for each holder of Dover Common Stock or designated transferee or transferees of such holder of Dover Common Stock.
For stockholders of Dover who own Dover Common Stock through a broker or other nominee, their shares of Apergy Common Stock will be credited to their respective accounts by such broker or nominee.
No action by any holder of Dover Common Stock (or such holder’s designated transferee or transferees) on the Record Date shall be necessary for such stockholder (or such stockholder’s designated transferee or transferees) to receive the applicable number of shares of Apergy Common Stock (and, if applicable, cash in lieu of any fractional shares) such stockholder is entitled to in the Distribution.
Each of Dover and Apergy shall authorize the appropriate plan fiduciary to determine, in its discretion, the extent to which and when Dover Common Stock (in the case of the Apergy 401(k) Plan) and Apergy Common Stock (in the case of the Dover 401(k) Plan) shall cease to be investment alternatives thereunder.
Dover shall mail to the holders of Dover Common Stock, at such time on or prior to the Distribution Date as Dover shall determine, the Information Statement included in the Form 10, as well as any other information concerning Xxxxxxx, Xxxxxxx’ business, operations and management, the Separation and such other matters as Dover shall reasonably determine are necessary and as may be required by Law.
No action by any holder of Dover Common Stock on the Record Date shall be necessary for such stockholder (or such stockholder’s designated transferee or transferees) to receive the applicable number of shares of Xxxxxxx Common Stock (and, if applicable, cash in lieu of any fractional shares) such stockholder is entitled to in the Distribution.
Each of Xxxxxxx and Dover shall authorize the appropriate plan fiduciary to determine, in its discretion, the extent to which and when Dover Common Stock (in the case of the Xxxxxxx 401(k) Plan) and Xxxxxxx Common Stock (in the case of the Dover 401(k) Plan) shall cease to be investment alternatives thereunder.
For stockholders of Dover who own Dover Common Stock through a broker or other nominee, their shares of Xxxxxxx Common Stock will be credited to their respective accounts by such broker or nominee.
Shares of Dover Common Stock held in the Dover 401(k) Plan were transferred in kind to the new Dover employer securities fund under the Apergy 401(k) Plan pursuant to Section 3.1(b).
Notwithstanding the foregoing, each Stockholder hereby acknowledges and agrees that as a result of this Subscription Agreement from and after the date hereof the Purchaser shall have the sole voting power and the sole power of disposition as well as every other right associated with or relating to the shares of Dover Common Stock contributed to the Purchaser by such Stockholder pursuant to this Agreement.