Examples of Fortive Common Stock in a sentence
For Record Holders who own Fortive Common Stock through a broker or other nominee, their shares of Vontier Common Stock will be credited to their respective accounts by such broker or nominee.
Fortive shall, or at Fortive’s election, Vontier shall, mail (or deliver by electronic means where not prohibited by Law) to the holders of Fortive Common Stock, at such time on or prior to the Distribution Date as Fortive shall determine, the Information Statement (or a Notice of Internet Availability of the Information Statement).
Notwithstanding the foregoing and except as otherwise set forth in Article IV, nothing contained in this Agreement shall require Fortive to make any grants of equity awards relating to shares of Fortive Common Stock to Fortive Employees following the Effective Time.
Fractional shares of Fortive Common Stock will not be distributed in the Distribution nor credited to book-entry accounts.
Subject to the conditions and other terms set forth in this Article IV, Xxxxxxx shall cause the Distribution Agent on the Distribution Date to make the Distribution, including by crediting the appropriate number of shares of Fortive Common Stock to book-entry accounts for each Record Holder or designated transferee or transferees of such Record Holder.
None of Xxxxxxx, Fortive or the applicable Distribution Agent will guarantee any minimum sale price for the fractional shares of Fortive Common Stock.
Record Holders who, after aggregating the number of shares of Fortive Common Stock (or fractions thereof) to which such stockholder would be entitled on the Record Date, would be entitled to receive a fraction of a share of Fortive Common Stock in the Distribution, will receive cash in lieu of fractional shares.
For Record Holders who own Xxxxxxx Common Stock through a broker or other nominee, their shares of Fortive Common Stock will be credited to their respective accounts by such broker or nominee.
Effective as of the Effective Time, Fortive shall have adopted the Fortive 2016 Stock Incentive Plan (the “Fortive Stock Plan”), which shall permit the grant and issuance of equity incentive awards denominated in Fortive Common Stock as described in this Article IV.
No action by any Record Holder (or such Record Holder’s designated transferee or transferees) shall be necessary to receive the applicable number of shares of Fortive Common Stock (and, if applicable, cash in lieu of any fractional shares) such stockholder is entitled to in the Distribution.