Examples of Issuance Stock in a sentence
Subject to consummation of the MHC Reorganization and the other conditions set forth herein, the SHC, as defined below, proposes to offer and sell additional shares of Common Stock to the public pursuant to this Plan of Stock Issuance ("Stock Plan").
DEFERRED ISSUANCE STOCK AWARD LETTER This Deferred Issuance Stock Award Letter (the “Award”) when taken together with the Amended Master Deferred Issuance Stock Agreement (“Master Agreement”) constitutes an award to the individual whose name appears on the signature line below (“Employee”) of Deferred Shares with respect to the shares of common stock of Level 3 Communications, Inc.
The offer and sale of up to 49.9% of the Common Stock is referred to herein as the "Stock Issuance." Following completion of the MHC Reorganization and the Stock Issuance, Stock Bank will be a wholly owned subsidiary of SHC, and SHC will be a majority-owned subsidiary of MHC, with up to 49.9% of the outstanding Common Stock owned by the purchasers of Common Stock in the Stock Issuance and the remaining outstanding Common Stock owned by MHC.
After passage of the Pre-emptive Acceptance Period, the Company may Issue all or any portion of the shares of the Issuance Stock not purchased by a Major Shareholder pursuant to Section 8.2 at a price not less than the price, and on terms not more favorable to the purchaser thereof, than the terms stated in the Pre-emptive Notice at any time within 90 days after the expiration of the Pre-emptive Acceptance Period (the "Issuance Period").
Notwithstanding any election made herein, the Company or any Subsidiary reserves the right to transfer to you all of the vested and then unissued Shares associated with the Delayed Issuance Stock Purchase subject to this Election Agreement at any time following the termination of your employment with the Company or any Subsidiary.
DEFERRED ISSUANCE STOCK AWARD LETTER This Deferred Issuance Stock Award Letter (the “Award”) when taken together with the Master Deferred Issuance Stock Agreement for Non-Employee Directors (“Master Agreement”) constitutes an award to the individual whose name appears on the signature line below (“Director”) of Deferred Shares with respect to the shares of common stock of Level 3 Communications, Inc.
As a result of the MHC Reorganization and the Stock Issuance, Stock Bank will be a wholly owned subsidiary of SHC, and SHC will be a majority-owned subsidiary of MHC, with up to 49.9% of the outstanding Common Stock owned by the purchasers of Common Stock in the Stock Issuance and the remaining outstanding Common Stock owned by MHC.
You may elect to delay the issuance of the shares subject to the Stock Purchase Right by executing a Delayed Issuance Stock Purchase Agreement and related election form.
DEFERRED ISSUANCE STOCK AWARD LETTER This Deferred Issuance Stock Award Letter (the “Award”) when taken together with the Master Deferred Issuance Stock Agreement (“Master Agreement”) constitutes an award to the individual whose name appears on the signature line below (“Consultant”) of Deferred Shares with respect to the shares of common stock of Level 3 Communications, Inc.
The value of the Delayed Issuance Stock Purchase subject to this Agreement shall not be included as compensation, earnings, salaries, or other similar terms used when calculating the Employee’s benefits under any employee benefit plan sponsored by the Company or any Subsidiary except as such plan otherwise expressly provides.