Examples of Quantum Common Stock in a sentence
No fractional share of Quantum Common Stock or Maxtor Common Stock shall be issued upon conversions of Securities of any series.
Effective as of the Employee Transfer Date, an IMPCO Common Stock fund shall be added as an investment option to the Quantum Savings Plan, and the IMPCO Savings Plan shall provide for both an IMPCO Common Stock fund and a Quantum Common Stock fund as investment options.
The provisions of this Article shall be applicable to the Securities which are convertible into shares of Quantum Common Stock or Maxtor Common Stock, as the case may be, and the issuance of such shares of Quantum Common Stock or Maxtor Common Stock, as the case may be, upon the conversion of such Securities, except as otherwise specified as contemplated by Section 301 for the Securities of such series.
Neither the Trustee nor any conversion agent shall be accountable with respect to the validity or value (or the kind or amount) of any shares of Quantum Common Stock or Maxtor Common Stock, or of any securities or property, which may at any time be issued or delivered upon the conversion of any Securities and neither the Trustee nor any conversion agent makes any representation with respect thereto.
The Company covenants that all shares of its Quantum Common Stock which may be issued upon conversion of Securities will upon issue in accordance with the terms hereof be duly and validly issued and fully paid and nonassessable.
Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on Quantum Common Stock or Maxtor Common Stock issued upon such conversion.
Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Quantum Common Stock and Maxtor Common Stock, as the case may be, which shall be issuable on such conversion shall be issued.
The Quantum Common Stock fund in the IMPCO Savings Plan and the IMPCO Common Stock fund in the Quantum Savings Plan are each referred to as a "Non-Employer Stock Fund" with respect to the applicable Plan.
Except as provided in the next sentence, the Company will pay any and all taxes that may be payable in respect of the issue or delivery of shares of its Quantum Common Stock on conversion of Securities pursuant hereto.
The IMPCO Savings Plan and the Quantum Savings Plan shall each provide that, after the Distribution Date, no new contributions may be invested in, and no amounts may be transferred from other investment options to the Non-Employer Stock Fund under the respective Plan (except for the distribution of Quantum Common Stock in respect of outstanding shares of IMPCO Common Stock effected by the Distribution).