Examples of Forest Common Stock in a sentence
On or as soon as practicable after the Spin-Off Date, the Distribution Agent will distribute an account statement indicating the number of shares of Lone Pine Common Stock that have been registered in book-entry form in the name of each record holder of Forest Common Stock.
Each of Delaware Holdco and the Company will use its reasonable best efforts to have the Registration Statement cleared by the SEC as promptly as is practicable after filing, and each of Delaware Holdco and the Company shall use its respective reasonable best efforts to cause the Proxy Statement to be mailed to the holders of Forest Common Stock as promptly as practicable after the Proxy Statement shall have been cleared by the SEC.
From and after the IPO Closing Date, Forest shall be solely responsible for the settlement of all Phantom Stock Units held by Lone Pine Employees that are to be settled in shares of Forest Common Stock as determined by the Compensation Committee with respect to any such settlement required prior to the Spin-Off Date or as described in Section V.C.(a)(2).
Each individual who holds an outstanding Restricted Stock Award on the Spin-Off Date will be treated as the owner of the underlying shares of Forest Common Stock and will receive distributions relating to such shares on the same basis as the holders of unrestricted Forest Common Stock generally in connection with the Spin-Off.
Each Phantom Stock Unit outstanding on the Spin-Off Date that is required to be settled with a cash payment shall be adjusted on the Spin-Off Date by adjusting the number of shares of Forest Common Stock underlying such Phantom Stock Unit.
The Compensation Committee shall have the authority at any time prior to the Spin-Off Date to determine whether certain outstanding Phantom Stock Units as of the Spin-Off Date that may be settled in cash or in shares of Forest Common Stock shall be settled in cash or such shares.
The number of shares of Forest Common Stock underlying such Phantom Stock Unit immediately after the Spin-Off shall be equal to the product (rounded down to the nearest whole share) of (i) the number of shares of Forest Common Stock underlying such Phantom Stock Unit immediately prior to the Spin-Off multiplied by (ii) a fraction, the numerator of which shall be equal to the Pre-Spin FMV per Share and the denominator of which shall be equal to the Post-Spin FMV per Share.
The number of shares of Forest Common Stock subject to the Option immediately after the Spin-Off shall be equal to the product (rounded down to the nearest whole share) of (i) the number of shares of Forest Common Stock subject to the Option immediately prior to the Spin-Off multiplied by (ii) a fraction, the numerator of which shall be equal to the Pre-Spin Exercise Price and the denominator of which shall be equal to the New Exercise Price.
For the avoidance of doubt, each Forest Stock Option for which the exercise price per share of Forest Common Stock applicable to such Forest Stock Option equals or exceeds the Forest Stock Measurement Price shall be cancelled pursuant to this Section 2.1(a) for no consideration.
The Merger Consideration issued and paid upon conversion of a share of Forest Common Stock in accordance with the terms of this Agreement shall be deemed to have been issued and paid in full satisfaction of all rights pertaining to such share of Forest Common Stock (other than the right to receive dividends or other distributions, if any, in accordance with Section 2.2(c)).