Examples of Polaris Shares in a sentence
The outstanding Polaris Shares have been duly authorized and are validly issued and outstanding, fully paid and nonassessable, and subject to no preemptive rights (and were not issued in violation of any preemptive rights).
The surrender of an Old Certificate shall not impact a holder’s right, to the extent applicable, to receive any declared but unpaid dividends on the Polaris Shares, Sirius Shares or Constellation Shares, as applicable, represented by such Old Certificate.
Except for Polaris Shares issuable pursuant to the Polaris Stock Plans, Polaris Equity Awards and Polaris LTIP Units, as of the date of this Agreement, there are no Polaris Shares reserved for issuance, Polaris does not have any Rights outstanding with respect to Polaris Shares, and Polaris does not have any commitment to authorize, issue or sell any Polaris Shares or Rights.
Minimum Acceptance Condition By the end of the Offer Period for the Share Offer, Mineral Resources has a Relevant Interest in more than 50.1 per cent of all Polaris Shares.
As of the date of this Agreement, other than the withholding of Polaris Shares to satisfy Tax obligations in respect of Polaris Equity Awards outstanding as of the date of this Agreement in accordance with their terms, Polaris has no commitment to redeem, repurchase or otherwise acquire, or to register with the SEC (other than in connection with the Transactions or as required by the Polaris Fxxxxxxx Letter Agreement), any Polaris Shares.
By the end of the Offer Period, Mineral Resources has a Relevant Interest in more than50.1 per cent of all Polaris Shares.
It is Polaris' current corporate policy that, if a person (such as MRL) acquires more than 50% of all Polaris Shares and, within 12 months of that event, the service contract of any executive Director or senior manager is terminated, then the relevant executive Director or senior manager will be entitled to a minimum of 6 months' salary in addition to any other accrued benefits such as leave that are otherwise owing.
The Directors encourage you to consider your personal risk profile, investment strategy, tax position and financial circumstances before making any decision in relation to your Polaris Shares.
Under these circumstances, the liquidity of Polaris Shares may be reduced, thereby impacting on Polaris Shareholders' ability to sell their Polaris Shares at price levels that reflect their value.
MRL has indicated that, subject to the MRL Offers being successful and it acquiring 100% of all Polaris Shares, Polaris' management team will be integrated into MRL as a Specialist Iron Ore Resources business unit.