Old Share definition

Old Share has the meaning assigned in Section 3.01(b).
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Old Share shall have the meaning ascribed thereto in Section 2.1(e) hereof.
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Examples of Old Share in a sentence

  • Shareholders owning at least 5,000 shares of Old Shares will receive 1 share of New Shares for each 5,000 shares owned and will be paid for any resulting fractional shares on the basis of $.10 per Old Share not converted into New Shares.

  • Each fraction of a New Share held by a holder who holds of record less than a whole New Share of Common Stock shall be cancelled at the Effective Time without further action or notice and the holder of such fraction (a "Former Shareholder") shall have the right to be paid by the Corporation cash at the rate of $35.00 for each Old Share held of record by such holder immediately prior to the Effective Time.

  • Each share of Common Stock that is issued and outstanding immediately prior to the Effective Time (each, an "Old Share") shall cease to be a share of common stock and shall, without further notice or action, be converted into one five hundredth (1/500) of a new share of Common Stock.

  • In addition, the maximum aggregate number of Shares which may be issued pursuant to all Grants (including Incentive Stock Options) shall be increased by any Shares that are represented by awards under the Company’s Old Share Option Plan that are forfeited, expire or are cancelled without delivery of the Shares or which result in forfeiture of the Shares back to the Company on or after the adoption of this Plan.

  • In connection therewith, in lieu of a fractional New Share, each holder of an Old Share who otherwise would be entitled to receive a fractional New Share will be entitled to receive cash in an amount equal to the market value of each Old Share that would have been converted into a fraction of a New Share but for this sentence, upon surrender of the certificate for such Old Share.

  • For this purpose, the market value of each Old Share shall be the unweighted average of the closing price of a common share of beneficial interest for each of the ten business days ending on the date immediately preceding the date on which the Reverse Split becomes effective.

  • Shareholders beneficially owning fewer than 5,00 shares of Old Shares will have no further stock ownership in the Company and the Company will pay them $0.10 per share of Old Shares upon receiving such Old Share stock certificates properly endorsed.

  • Under the TOM Group Old Share Option Scheme and the TOM Group New Share Option Scheme, share options may be granted, at the discretion of the board of directors of TOM Group, to employees or directors of TOM Group, or of any company in which TOM Group owns or controls 20% or more of its voting rights and/or issued share capital, or business associate or trustee.

  • The termination of the TOM Group Old Share Option Scheme and the adoption of the TOM Group New Share Option Scheme took effect from August 4, 2004 (listing date of TOM Group on the Main Board of the Stock Exchange of Hong Kong APPENDIX I FINANCIAL INFORMATION ON THE TOM ONLINE GROUP (“Main Board”)).

  • Period for Submission of Old Share Certificates in Case of Share Consolidation for Merger [Article 530(3) and Article 440] If shares are to be consolidated, a company shall determine a period of not less than one month and shall give public notice that share certificates must be submitted to the company within such period and shall separately give notice to each shareholder and the pledgees recorded in the register of shareholders.

Related to Old Share

  • Company Share means one share of common stock of the Company, $0.01 par value per share.

  • Per Share Merger Consideration has the meaning set forth in Section 3.1(a).

  • Target Share means any share of the Common Stock of the Target.

  • Sale Share means a Share which is sold or disposed of in accordance with this Schedule.

  • Per Share Consideration means (i) if the consideration paid to holders of the Common Stock consists exclusively of cash, the amount of such cash per share of Common Stock, and (ii) in all other cases, the volume weighted average price of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the effective date of the applicable event. If any reclassification or reorganization also results in a change in shares of Common Stock covered by subsection 4.1.1, then such adjustment shall be made pursuant to subsection 4.1.1 or Sections 4.2, 4.3 and this Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers. In no event will the Warrant Price be reduced to less than the par value per share issuable upon exercise of the Warrant.

  • Share means a share of the Common Stock, as adjusted in accordance with Section 13 of the Plan.

  • Unit Share has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Merger Consideration has the meaning set forth in Section 3.1(a).

  • Public Share means a Class A Share issued as part of the units (as described in the Articles) issued in the IPO.

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Free Share means, in respect of a Fund, each C share of the Fund, other than a Commission Share (including, without limitation, any C share issued in connection with the reinvestment of dividends or capital gains).

  • Dissenting Share has the meaning set forth in Section 2.6 below.

  • Per Share Stock Consideration has the meaning set forth in Section 3.01(a)(i).

  • Share Consideration has the meaning given to it in Section 2.2;

  • Fractional Share means a fractional share in the ICAV issued in accordance with Section 12.5.

  • Common Share means one share of the common stock of the Company.

  • Class B Share means a Class B ordinary share of a par value of US$0.0001 in the share capital of the Company.

  • Contribution Share means, for any Guarantor in respect of any Excess Payment made by any other Guarantor, the ratio (expressed as a percentage) as of the date of such Excess Payment of (i) the amount by which the aggregate present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of the Borrower and all of the Guarantors other than the maker of such Excess Payment exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Borrower and the Guarantors hereunder) of the Borrower and all of the Guarantors other than the maker of such Excess Payment; provided, however, that, for purposes of calculating the Contribution Shares of the Guarantors in respect of any Excess Payment, any Guarantor that became a Guarantor subsequent to the date of any such Excess Payment shall be deemed to have been a Guarantor on the date of such Excess Payment and the financial information for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such Excess Payment. This Section 4.6 shall not be deemed to affect any right of subrogation, indemnity, reimbursement or contribution that any Guarantor may have under applicable law against the Borrower in respect of any payment of Guaranteed Obligations. Notwithstanding the foregoing, all rights of contribution against any Guarantor shall terminate from and after such time, if ever, that such Guarantor shall be relieved of its obligations pursuant to Section 8.4.

  • Fully Diluted Share Number means the aggregate sum of: (i) the number of shares of Company Common Stock issued and outstanding immediately prior to the Effective Time; (ii) the number of shares of Company Common Stock issuable upon the voluntary conversion of all of the shares of Company Preferred Stock issued and outstanding immediately prior to the Effective Time into Company Common Stock and (iii) the number of shares of Company Common Stock issuable upon exercise of all Stock Options.

  • Time share means a right to occupy a unit or any of several units during 5 or more separated time periods over a period of at least 5 years, including renewal options, whether or not coupled with an estate or interest in a common interest community or a specified portion thereof.

  • Allocated Share for any month means that percentage of CMISC Reimbursable Out-of-Pocket Expenses which would be allocated to a Fund for such month in accordance with the methodology described below under the heading “Methodology of Allocating CMISC Reimbursable Out-of-Pocket Expenses.”

  • Participating Share or “Share” means the Participating Shares of no par value in the

  • Exchangeable Share Consideration has the meaning provided in the Exchangeable Share Provisions;

  • Company Shares means the common shares in the capital of the Company;

  • Allocable Share means allocable share as that term is defined in the master settlement agreement.