Examples of Public Company Stock in a sentence
Public Company has not granted, issued or authorized the grant or issuance of any Public Company Stock Options on the Business Day prior to the date of this Agreement or on the date of this Agreement.
Public Company has made available to Merger Partner accurate and complete copies of all Public Company Stock Plans and the forms of all stock option agreements evidencing Public Company Stock Options.
Prior to the Closing, the Public Company Board shall have the right, in its sole discretion, to adopt appropriate resolutions and take all other actions necessary and appropriate to provide that each Public Company Stock Option, whether vested or unvested, be accelerated in full effective as of immediately prior to the Effective Time.
At the Effective Time, each Public Company Stock Option that is outstanding and unexercised immediately prior to the Effective Time, whether or not vested, shall survive the Closing and remain outstanding in accordance with its terms.
The Shareholders have no present plans to enter into any such contract, undertaking, agreement or arrangement and the Shareholders further understand that the Public Company Stock may only be resold pursuant to a registration statement under the Securities Act, or pursuant to some other available exemption.
Accordingly, Shareholders who would otherwise be entitled to receive fractional shares of Public Company Stock will, upon surrender of their certificate representing the fractional shares of Holding Co Stock, receive a full share if the fractional share exceeds fifty percent (50%) and if the fractional share is less than fifty percent (50%) the fractional share shall be cancelled.
For purposes of apportioning the Equity Award, the stock options shall be valued by the Board using a binomial option pricing model based on the volatility of the Peer Group and an exercise price equal to the volume-weighted average price of the Public Company Stock on the Newco Transaction Date (“VWAP”), and the restricted stock units shall be valued based on VWAP.
The Equity Award shall be comprised of 50% options to acquire Public Company Stock and 50% restricted stock units of Public Company Stock.
The structure so selected by the Deciding Bank as resulting in the higher value for the Public Company Stock shall be implemented by the parties as the organizational structure for Pubco and Wireless following the IPO.
As of the Effective Date, the Public Company Stock will remain eligible for quotation on the NASD Over-the-Counter Bulletin-Board.