OPC Common Stock definition
Examples of OPC Common Stock in a sentence
Each OPC RSU that is outstanding and held by any Person other than a CRC Group Employee as of immediately prior to the Effective Time (an “OPC Employee RSU”) shall, upon the Effective Time, be adjusted such that the number of shares of OPC Common Stock subject to such OPC RSU is the Adjusted OPC Share Number (such adjusted OPC RSU, an “Adjusted OPC RSU”).
Each OPC LTI Mixed-Settlement Unit that is outstanding and held by any Person other than a CRC Group Employee as of immediately prior to the Effective Time (an “OPC Employee Mixed-Settlement Unit”) shall, upon the Effective Time, be adjusted such that the number of shares of OPC Common Stock subject to such OPC LTI Mixed-Settlement Unit is the Adjusted OPC Share Number (such adjusted OPC LTI Mixed-Settlement Unit, an “Adjusted OPC MSU”).
Each OPC Director who is the holder of outstanding OPC DSAs immediately prior to the Effective Time, shall receive from OPC, upon the Initial Distribution being made, such number of shares of CRC Common Stock as determined by applying the Distribution Ratio in the same way as if such outstanding OPC DSAs were fully vested and transferrable shares of OPC Common Stock as of the Effective Time.
Each OPC Phantom Share Unit that is outstanding and held by any Person other than a CRC Group Employee as of immediately prior to the Effective Time (an “OPC Employee Phantom Share Unit”) shall, upon the Effective Time, be adjusted such that the number of shares of OPC Common Stock subject to such OPC Phantom Share Unit is the Adjusted OPC Share Number (such adjusted OPC Phantom Share Unit, an “Adjusted OPC Phantom Share Unit”).
Each OPC DSU that is outstanding and held by an individual other than a CRC Director as of immediately prior to the Effective Time (an “OPC Director DSU”) shall, upon the Effective Time, be adjusted such that the number of shares of OPC Common Stock subject to such OPC Director DSU is the Adjusted OPC Share Number (an “Adjusted OPC DSU”).
The OPC stockholders list previously delivered to USPI is a true and correct list of the holders of record of OPC Class A Common Stock, OPC Class B Common Stock and OPC Common Stock.
Each OPC DRSU that is outstanding and held by an individual other than a CRC Director as of immediately prior to the Effective Time (an “OPC Director DRSU”) shall, upon the Effective Time, be adjusted such that the number of shares of OPC Common Stock subject to such OPC Director DRSU is the Adjusted OPC Share Number (an “Adjusted OPC DRSU”).
Subject only to the approval of this Agreement and the transactions contemplated hereby by the holders of a majority of the outstanding shares of OPC Class A Common Stock and OPC Common Stock, the consummation by OPC of the transactions contemplated hereby has been duly authorized by all requisite corporate action.
As of the date of this Agreement, there were 5,880,675 shares of OPC Class A Common Stock, 1,000,000 shares of OPC Class B Common Stock, 10,107,922 shares of OPC Common Stock, and no shares of OPC Preferred Stock, issued and outstanding.
No interest will be paid or accrued on the cash in lieu of fractional shares and unpaid dividends and distributions, if any, payable to holders of shares of OPC Class A Common Stock, OPC Class B Common Stock and OPC Common Stock.