Examples of New VASCO in a sentence
This Agreement is subject to the terms and conditions of the Exchange Offer, as defined in the Prospectus, and will become effective and binding on the parties hereto upon acceptance by New VASCO of shares of common stock of Current VASCO tendered pursuant to the Exchange Offer.
The Warrantholder shall have no rights as a stockholder with respect to the New VASCO common stock into which the New VASCO Warrants are exercisable until proper exercise of a New VASCO Warrant and delivery to the Warrantholder of such shares as provided in the New VASCO Warrants.
In rendering our opinion, we have examined and relied upon the accuracy and completeness of the facts, information, covenants and representations contained in originals or copies, certified or otherwise identified to our satisfaction, of the Prospectus filed as part of the Registration Statement (the "Prospectus"), and such other documents and representations of representatives of New VASCO as we have deemed necessary or appropriate.
The Optionholder hereby agrees to the cancellation of the Current VASCO Options and recognizes that the New VASCO Options granted under this Agreement are not, although the Current VASCO Options may have been, ISOs.
Moved by Cromwell, seconded by Carter, to adopt Resolution No. 6976.
New VASCO shall make immediate delivery of such shares, provided that if any law or regulation requires New VASCO to take any action with respect to the shares specified in such notice before the issuance thereof, then the date of delivery of such shares shall be extended for the period necessary to take such action.
New VASCO hereby grants to the Optionholder the right, privilege, and option to purchase the number of shares of its common stock at the respective purchase price per share as set forth on Schedule I hereto and in the manner and subject to the conditions hereinafter provided.
The New VASCO Options are nontransferable by the Optionholder, except in the event of his death as provided in Section 1.4(b) above, and during his lifetime are exercisable only by the Optionholder.
This Letter of Transmittal and Release must be used to accept the Exchange Offer (as defined herein to include the terms and conditions set forth herein and in the Prospectus dated _______________, 1997 (the "Prospectus")), of New VASCO if certificates representing Current VASCO Shares (as defined in the Prospectus) are to be physically delivered to Illinois Stock Transfer Company, as exchange agent (the "Exchange Agent").
The Optionholder acknowledges that the New VASCO Options are not "Incentive Stock Options," or otherwise qualified options for federal tax purposes, within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended ("ISOs").