Examples of Marathon Stock in a sentence
The term “accrued benefit” is defined to mean the number of units of Marathon Stock (as renamed the Marathon Oil Corporation common stock) and the number of units of Steel Stock (as converted to United States Steel Corporation common stock) the participant has accrued in his or her account under the Program.
The term “accrued benefit” is defined to mean the number of units of Marathon Stock (as renamed the Marathon Oil Corporation common stock), the number of shares of Marathon Petroleum Company Common Stock, and the number of units of Steel Stock (as converted to United States Steel Corporation common stock) the participant has accrued in his or her account under the Program.
At the close of business on February 29, 2004, (i) 310,740,454 shares of Marathon Common Stock were issued and outstanding, (ii) 1,425,524 shares of Marathon Common Stock were held by Marathon in its treasury and (iii) 37,788,193 shares of Marathon Common Stock were reserved for issuance pursuant to Marathon Stock Plans (as defined in Section 14.02).
The Company may, at its option, pay the Redemption Price in cash, shares of Marathon Stock or Steel Stock (based on the Current Market Price of such shares at the time of redemption) or any other form of consideration deemed appropriate by the Board of Directors.
For purposes of this Section 11(a)(iii), the value of each Adjustment Share shall be the Current Market Price per share of the Marathon Stock or Steel Stock, as the case may be, on the Section 11(a)(ii) Trigger Date and the value of any Common Stock Equivalent shall be deemed to equal the Current Market Price per share of the Marathon Stock or Steel Stock, as the case may be, on such date.
Initially, the Marathon Rights and the Steel Rights will be attached to all certificates representing shares of Marathon Stock and Steel Stock, respectively, then outstanding, and no separate Rights Certificates will be distributed.
The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon thirty (30) days' notice in writing mailed to the Company, and to each transfer agent of the Marathon Stock, Steel Stock and Preferred Stock, by registered or certified mail, and to the holders of the Rights Certificates by first-class mail.
As soon as practicable after the Distribution Date, Certificates for Marathon Rights and Steel Rights will be mailed to holders of record of the Marathon Stock and Steel Stock, respectively, as of the close of business on the Distribution Date and, thereafter, the separate Certificates for Marathon Rights and Steel Rights alone will represent the Marathon Rights and Steel Rights, respectively.
Dividends on the Marathon Stock may be declared and paid out of funds of the Corporation legally available therefor.
The Company may remove the Rights Agent or any successor Rights Agent upon thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Marathon Stock, Steel Stock and Preferred Stock, by registered or certified mail, and to the holders of the Rights Certificates by first-class mail.