Examples of New D&B Common Stock in a sentence
At the time of the Distribution, the Corporation shall contribute to New D&B any New D&B Common Stock received by the Corporation as a result of the forfeiture of restricted D&B Common Stock by employees or directors of the Corporation and its Subsidiaries who will no longer be employees or directors of any member of the Moody's Group immediately following the Distribution.
The Corporation shall deliver to EquiServe Trust Company, as the distribution agent (the "Agent"), the share certificates representing the New D&B Common Stock issued to the Corporation by New D&B and shall instruct the Agent to distribute, on or as soon as practicable following the Distribution Date, certificates representing such Common Shares to holders of record of shares of D&B Common Stock on the Distribution Record Date as further contemplated by the Information Statement and herein.
The vesting of New D&B Options, stock appreciation rights for New D&B Common Stock and New D&B Performance Share Units granted to a Moody's Employee or Moody's Director shall accelerate (i) upon a Change in Control (as defined in the New D&B Replacement Plans) of New D&B and (ii) upon a Change in Control (as defined in the Corporation Stock Incentive Plans) of Moody's.
Moody's Employees shall receive, following the completion of the performance cycle, (i) a number of shares of Moody's Common Stock equal to the number of Corporation Performance Shares to which such Moody's Employees would have been entitled but for the Distribution plus (ii) a cash payment equal to the fair market value (as of 20 20 the date the award is approved) of a number of shares of New D&B Common Stock equal to fifty percent of the number of such Corporation Performance Shares.
The total graduation rate augments in almost six percentage points with respect to the baseline scenario.
The New D&B Stock Fund will initially consist of a number of shares of New D&B Common Stock equal to fifty percent of the number of shares of Corporation Common Stock in the Corporation Common Stock fund immediately prior to the Effective Time.
With respect to each New D&B Stock Option and each stock appreciation right for New D&B Common Stock granted to a Moody's Employee, references under the New D&B Replacement Plans, the Moody's Replacement Plans and the Corporation Stock Option Plans to employment with or termination of employment shall reference employment with or termination of employment with Moody's.
The Corporation Savings Plan shall maintain a nonemployer stock fund consisting of only Moody's Common Stock ("Moody's Stock Fund") and an employer stock fund consisting of only New D&B Common Stock ("New D&B Stock Fund").
The Corporation shall deliver to EquiServe Trust Company, as the distribution agent (the "Agent"), the share certificates representing the 27 22 New D&B Common Stock issued to the Corporation by New D&B and shall instruct the Agent to distribute, on or as soon as practicable following the Distribution Date, certificates representing such Common Shares to holders of record of shares of D&B Common Stock on the Distribution Record Date as further contemplated by the Information Statement and herein.