Limited Stock definition
Examples of Limited Stock in a sentence
The Option and Limited Stock Appreciation Right are not transferable otherwise than by will or laws of descent and distribution and during the lifetime of Optionee are exercisable only by Optionee, unless the Committee, in the exercise of its sole discretion and if permitted by the Plan and applicable law, designates in writing certain conditions under which the Option and/or the Limited Stock Appreciation Right may be transferred.
Upon the issuance of any Shares upon exercise of any portion of the Option or Limited Stock Appreciation Right, Optionee shall pay to the Company an amount of all applicable federal, state, local and foreign employment taxes which the Company or an Affiliate is required to withhold upon such exercise.
Optionee acknowledges that certain restrictions under state or federal securities laws may apply with respect to the Shares to be issued pursuant to the exercise of the Option or the Limited Stock Appreciation Right.
It is also the majority shareholder of two companies listed on the Main Board of the Stock Exchange, namely, the Company and CITIC Telecom International Holdings Limited (Stock Code: 01883).
In the event of a Change of Control at a time when the Option granted hereunder is outstanding in whole or in part, the Optionee shall have the right to exercise the Limited Stock Appreciation Right granted hereby as provided in Section 4.9 of the Plan notwithstanding the fact that, at the time that the exercise of such right occurs, the Option provided herein may have otherwise expired or terminated by its terms.
MascoTech owns the Limited Stock, beneficially and of record, free and clear of all Liens.
Such Allocation Schedule shall reflect an allocation of a portion of the Purchase Price (including for this purpose the Assumed Liabilities) between the APX Assets and the APX-Brazil Stock and the MSX Assets and the Limited Stock, such amount being allocated to the MSX Assets and the Limited Stock to be allocated one-third to the Limited Stock and two-thirds among the MSX Assets as set forth in the Allocation Schedule.
The Limited Stock is duly authorized, validly issued and outstanding, fully paid and nonassessable.
During the Term, the Employee shall be eligible to participate in the 2007 Scottish Re Group Limited Stock Option Plan, an equity incentive compensation plan established by the Company (the "Equity Incentive Plan"), pursuant to the terms of the Equity Incentive Plan and any applicable agreements thereunder as determined from time to time by the Board.
At the Closing, Purchaser shall pay the consideration specified in Section 3.01 and, simultaneously, MascoTech and MSX, respectively, shall assign and transfer to Purchaser good and valid title in and to the Limited Stock and the APX-Brazil Stock.