Settlement Stock definition

Settlement Stock means the shares of Common Stock contemplated to be issued in settlement of the pending shareholders' claims against the Company with respect to the litigation styled In re Norand Corporation Securities Litigation, Master File No. C95-323, pending in the United States District Court for the Northern District of Iowa, Cedar Rapids Division.

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Settlement Stock means Non-Cumulative Preferred Stock that is perpetual with no prepayment obligation on the part of the issuer thereof, whether at the election of the holders or otherwise.

Settlement Stock means one million (1,000,000) shares of freely tradeable Lumber Liquidators common stock to be transferred in accordance with ¶8 hereof.

Examples of Settlement Stock in a sentence

The Company shall issue and deliver the Settlement Stock pursuant to Section 1.7 on the relevant Warrant Closing Date.
All costs, including those of Hanover's transfer agent, incurred in issuing and distributing any Settlement Stock to the recipients shall be borne by Hanover.
No fractional shares of Common Stock shall be issued in settlement of the RSUs, and any fractional share of Common Stock that would otherwise be Settlement Stock as of the Settlement Date shall be settled through a cash payment based on the Fair Market Value of a share of Common Stock.
The number of shares constituting the Smart Online Settlement Stock will be adjusted to account for stock splits, reverse stock splits and other similar action taken by Smart Online before distribution to the Settlement Class Members.
Until distribution to Settlement Class Members, Class Lead Counsel agrees to vote the shares of Smart Online Settlement Stock in the same proportion as those voted by the shares that are not Smart Online Settlement Stock and that are eligible to vote on any matter presented to shareholders for such a vote and, if requested by Smart Online, to enter into a voting trust agreement so providing.

More Definitions of Settlement Stock

Settlement Stock means non-cumulative preferred stock that is perpetual with no prepayment obligation on the part of the issuer thereof, whether at the election of the holders or otherwise, is callable at the option of such issuer and either (i) has a legally binding replacement covenant or (ii) has a replacement capital intention and a mandatory trigger provision.

Settlement Stock means Two Million (2,000,000) shares of Vari-L common stock, which shall be issued under Section 3(a)(10) of the Securities Act of 1933 exempt from registration, subject to the anti-dilution provisions set forth in Paragraph 2.4 hereof.

Settlement Stock means shares of Gupta common stock to be issued by Gupta which shall comprise a part of the Settlement Fund as set forth in paragraph 1.23.

Settlement Stock means $1,250,000 of unrestricted Galena Common Stock, determined as set forth in Paragraph 2(d).

Settlement Stock means up to $3,530,000 of unrestricted Lineage common stock, determined as set forth in Paragraph 2.b(i).

Settlement Stock means $7 million of Geron Common Stock, subject to Geron’s option to pay the aggregate value of $7 million or a portion thereof, in cash, as described in Paragraph 9. (aaa)

Settlement Stock means shares of Health Management common stock to be issued by Health Management which shall comprise a part of the Settlement Fund.