Examples of IDT Common Stock in a sentence
The Shareholders own in the aggregate all of the outstanding shares of IDT Common Stock.
The shares of IDT Common Stock to be issued pursuant to the Merger have been duly authorized and reserved for issuance and, when issued in accordance with the terms of this Agreement and the other Transactional Agreements, will be validly issued, fully paid and non-assessable, will not be subject to any preemptive rights and will be issued in compliance with all applicable federal or state securities laws.
IDT agrees that, as soon as reasonably practicable after the Effective Time, it will cause to be filed with the SEC one or more registration statements on Form S-8 under the Securities Act, or amendments to existing registration statements on Form S-8 or amendments to the Registration Statement, in order to register the shares of IDT Common Stock issuable upon exercise of the aforesaid converted Company Options.
Any payment made by a Seller or Technology Seller pursuant to this Section 9.1 may be made in cash or in an equivalent amount of shares of IDT Common Stock.
In addition, outstanding options to purchase an additional Five Thousand Four Hundred And Ninety (5,490) shares of the IDT Common Stock will be exercised immediately prior to the Effective Time of the Merger.
The Exchange Ratio shall be adjusted to reflect appropriately the effect of any stock split, reverse stock split, stock dividend (including any dividend or distribution of securities convertible into IDT Common Stock or Company Common Stock), reorganization, reclassification or other like change with respect to IDT Common Stock or Company Common Stock occurring or having a record date on or after the date hereof and prior to the Effective Time.
IDT and Genie shall prepare, and IDT shall mail to the holders of IDT Common Stock, the Information Statement, which shall set forth appropriate disclosure concerning Genie, the Distribution and any other appropriate matters.
If, after the Effective Time, Certificates are presented to the Surviving Corporation, they shall be canceled and exchanged for certificates representing shares of IDT Common Stock and cash in lieu of fractional shares in accordance with the terms hereof.
In lieu of the issuance of any such fractional share of IDT Common Stock, cash will be paid in respect of any fractional share of IDT Common Stock that would otherwise be issuable.
Until any such Certificate shall be so surrendered, the holder of such Certificate shall not have any right to receive any dividends paid or other distributions made to holders of record of IDT Common Stock after the Effective Time provided that as of the Effective Time each such Certificate held in escrow by the Escrow Agent shall be deemed to have been surrendered.