Examples of Target Shares in a sentence
If such right is exercised with respect to all the Target Shares, then the Corporation shall effect the repurchase of such shares, including payment of the purchase price, not more than five (5) business days after delivery of the Exercise Notice; and at such time the certificates representing the Target Shares shall be delivered to the Corporation.
The Corporation shall, for a period of twenty-five (25) days following receipt of the Disposition Notice, have the right to repurchase any or all of the Target Shares subject to the Disposition Notice upon the same terms as those specified therein or upon such other terms (not materially different from those specified in the Disposition Notice) to which Owner consents.
Accordingly, we believe that a Shareholder will recognize no gain or loss on the constructive exchange of all its Target Shares solely for Acquiring Fund Shares pursuant to the Reorganization.
Pursuant to the Plan, the Shareholders will receive solely Acquiring Fund Shares for their Target Shares.
If the Applicable Percentage is less than 100%, then the Participant shall forfeit the number of Target Shares equal to (x) the number of Target Shares minus (y) the number of shares determined under the second preceding sentence.