Examples of Kenvue Common Stock in a sentence
The number of shares of Kenvue Common Stock subject to the Substitute Kenvue RSU Award shall be equal to the number of shares of J&J Common Stock subject to the J&J RSU Award as of immediately prior to the Distribution multiplied by the Kenvue Conversion Ratio, rounded to the nearest whole share.
Each J&J Option Award held as of immediately prior to the Distribution, whether vested or unvested, by any current Kenvue Employee as of the Distribution shall be converted into an option to purchase shares of Kenvue Common Stock granted under the Kenvue Stock Plan (a “Substitute Kenvue Option Award”).
The number of shares of Kenvue Common Stock subject to the Substitute Kenvue Option Award shall be equal to (a) the number of shares of J&J Common Stock issuable upon the exercise of the J&J Option Award as of immediately prior to the Distribution multiplied by (b) the Kenvue Conversion Ratio, rounded down to the nearest whole share.
Kenvue shall prepare and file, and shall use reasonable best efforts to have approved prior to the completion of the Initial Public Offering, an application for the listing of the Kenvue Common Stock to be offered and sold in the Initial Public Offering on the Exchange.
Such exchange shall be consummated at a ratio of shares of Kenvue Common Stock for each share of J&J Common Stock tendered, upon the terms and subject to the conditions set forth herein and in the Prospectus.
This implementation combines techniques from or-parallelism and com- mitted choice languages.
Johnson & Johnson’s obligation to exchange shares of Kenvue Common Stock for shares of J&J Common Stock is subject to certain conditions, as described in the Prospectus, which you should read carefully and in its entirety.
This Letter of Transmittal relates to the offer (the “Exchange Offer”') by Johnson & Johnson to exchange up to an aggregate of 1,533,830,450 shares of Kenvue Common Stock, owned by Johnson & Johnson, for outstanding shares of J&J Common Stock, that are validly tendered and not validly withdrawn prior to the expiration of this Exchange Offer.
Instead, the Exchange Agent will cause shares of Kenvue Common Stock to be credited in book-entry form to direct registered accounts maintained by Kenvue’s transfer agent for the benefit of the respective holders (or, in the case of shares tendered through DTC, to the account of DTC so that DTC can credit the relevant DTC participant and such participant can credit its respective account holders).
Johnson & Johnson is offering to exchange up to an aggregate of 1,533,830,450 shares of Kenvue Common Stock which are owned by Johnson & Johnson for outstanding shares of J&J Common Stock that are validly tendered and not validly withdrawn prior to the expiration of the Exchange Offer.