Examples of TWX Common Stock in a sentence
For the avoidance of doubt, from and after the AOL Employee Transfer Time, in no event will AOL be required to issue, grant or award any compensation relating to AOL Common Stock to any employee who is a member of the TWX Group, and in no event will TWX be required to issue, grant or award any compensation relating to TWX Common Stock to any employee who is a member of the AOL Group.
As soon as practicable following the payment by TWX of a cash dividend with respect to TWX Common Stock that is paid on or after the Distribution, AOL shall pay each AOL Employee with an outstanding TWX RSU any TWX Dividend Equivalents payable pursuant to such award (less any Taxes that are withheld), and TWX shall not be obligated to pay such AOL Employee such TWX Dividend Equivalent.
As of July31, 1995, TWX had reserved (i) 95,831,405 shares of TWX Common Stock for issuance upon the conversion of 8.75% convertible subordinated debentures, zero coupon convertible notes and other convertible securities of TWX, and (ii)78,632,660 shares of TWX Common Stock for issuance upon the exercise of outstanding options to purchase shares of TWX.
As of the close of business on July31, 1995, 386,174,888 shares (excluding 45,712,535 shares held by TWX in its treasury (or by wholly-owned subsidiaries of TWX)) of TWX Common Stock were outstanding.
As of the date of this Agreement, the authorized capital stock of TWX consists of 750,000,000 shares of common stock, par value $1.00 per share, of TWX ("TWX Common Stock") and 250,000,000 shares of preferred stock, par value $1.00 per share (the "Additional TWX Preferred Stock").
The shares of TWX Common Stock reserved for issuance upon conversion or exchange of the shares of TWX Preferred Stock have been duly authorized and reserved for issuance, and when issued upon such conversion or exchange in accordance with the terms of the Certificate of Designations of the TWX Preferred Stock will have been validly issued, fully paid and non-assessable, and the issuance of such shares of TWX Common Stock is not subject to preemptive or similar rights.
TWX shall have executed and delivered a registration rights agreement, substantially in the form of Exhibit B, relating to the registration of resales by Itochu or Itochu Entertainment of the TWX Common Stock into which the TWX Preferred Stock comprising the Exchange Consideration is convertible or exchangeable.
If options are exercised on or before an ex-dividend date (for the Distribution) in advance of the Distribution Record Date or on the Distribution Record Date, the optionee will be paid the Distribution on the shares of TWX Common Stock issued to the optionee as a result of the exercise.
The Distribution will be paid on the shares of TWX Common Stock that have been delivered on or before the Distribution Record Date as a result of the vesting of restricted stock, restricted stock units or performance stock units on or before the Distribution Record Date.
The process for payment of dividends on TWX Common Stock shall be as set forth in Schedule 29 to this Agreement.