Examples of Seahawk Common Stock in a sentence
Seahawk Employees who hold, as of the Distribution Date, unvested Pride restricted stock unit awards granted prior to 2009 (the “Pride RSUs”) shall receive a cash payment equal to the Seahawk Distribution Date Value of the number of shares of Seahawk Common Stock that would have been distributed in the Distribution on the number of shares of Pride Common Stock covered by the Pride RSU.
Seahawk Employees who hold, as of the Distribution Date, unvested Pride restricted stock awards (the “Pride RSAs”) shall receive the number of shares of Seahawk Common Stock, free of restrictions, that would have been distributed in the Distribution on a like number of shares of Pride Common Stock covered by the Pride RSA.
All of the shares of Seahawk Common Stock so issued will be validly issued, fully paid and non-assessable.
Seahawk shall be responsible for the satisfaction of all tax reporting requirements in respect of the distribution of Seahawk Common Stock to a Seahawk Employee or the vesting of a Seahawk RSA Replacement Award and shall be responsible for remitting the appropriate tax or withholding amounts to the appropriate taxing authorities in respect of the distribution and vesting of all such restricted shares.
The former holders of Seahawk Common Stock who held Interests in their own name may transfer those rights by notifying the Plan Agent of such transfer.
The holders of rights in the Escrow CUSIP Interests, including former beneficial owners of Seahawk Common Stock, may transfer those rights.
The listing of such former registered holders of Interests in Seahawk, including former holders of Seahawk Common Stock who held Interests in their own name, shall represent only the right of such holder to receive Distributions on account of the canceled Interests.