Examples of Team Common Stock in a sentence
A Class B Stockholder shall, for all purposes, be deemed to have become the holder of record of the shares of Team Common Stock specified in the Exercise Notice on the date of delivery of such shares of Team Common Stock.
The aggregate number of unregistered shares of Team Common Stock determined pursuant to the provisions of Article II and Article III hereof shall be issued to Class B Stockholders based on their percentage ownership of the Class B Stock.
Represents vesting of Restricted Stock Units and conversion to Team Common Stock.
Represents the number of restricted shares awarded multiplied by the market price of Team Common Stock on the date of grant.
No fractional shares of Team Common Stock shall be issued pursuant to thisAgreement, and no certificates or scrip for any such fractional share shall beissued.
Should a Class B Stockholder exercise his or her rights under Section 3.1 below, the Company shall purchase the Class B Stock for an aggregate number of unregistered shares of Team Common Stock equal to the Exercise Price.Section 2.2 C all Option Exercise Notice.
Except as specifically provided herein, nothing herein shall be construed as conferring upon the holders of Class B Stock any rights as a shareholder of Team prior to the date of delivery of the shares of Team Common Stock.
If Team Common Stock is not so quoted, the “Last Reported Sale Price” shall be the average of the mid-point of the last bid and ask prices for Team Common Stock on the relevant date from each of at least three nationally recognized independent investment banking firms selected by Team for this purpose.
In the event that Team Common Stock is expected to cease being publicly traded in connection with a Change of Control of Team, then the Class B Stockholders shall be entitled to receive the dollar value contemplated in 3(a)(i) through 3(a)(iii) above, but payable in the same type of consideration as being paid to holders of Team Common Stock.
Subject to Section 5.1 hereof, on or after May 31, 2015 (the “Option Date”), Team shall have the right, but not the obligation, to exercise an option to purchase all, but not less than all, of the outstanding shares of Class B Stock (the “Call Option”) for an aggregate number of unregistered shares of Team Common Stock equal to (A) the Settlement Amount5divided by (B) the Settlement Rate (such formula is referred to herein as, the “Exercise Price”).