Examples of Ultra Common Stock in a sentence
However, from and after the Effective Time, the number of shares of Ultra Common Stock subject to each such Ultra RSU shall be equal to (A) the number of shares of Delta Common Stock subject to the corresponding RSU immediately prior to the Effective Time divided by (B) the Ultra Ratio, with any fractional share rounded down to the nearest whole share.
At the Effective Time, Delta shall cause the Distribution Agent to distribute all of the outstanding shares of Ultra Common Stock then owned by Delta to the Record Holders, and to credit the appropriate number of such shares of Ultra Common Stock to book entry accounts for each such Record Holder or designated transferee or transferees of such Record Holder.
However, from and after the Effective Time, the number of shares of Ultra Common Stock subject to each such Ultra PSU shall be equal to (A) the number of shares of Delta Common Stock subject to the corresponding PSU immediately prior to the Effective Time divided by (B) the Ultra Ratio, with any fractional share rounded down to the nearest whole share.
The terms of the MAP will provide, effective no later than the Effective Time, for the establishment of an Ultra Common Stock fund.
To the extent not already approved and effective, Ultra shall use commercially reasonable efforts to have approved and made effective, the application for the original listing on the NYSE of the Ultra Common Stock to be distributed in the Distribution, subject to official notice of issuance.
On or prior to the “listing date” of Ultra Common Stock (as such term is defined under the NYSE Rules), Delta and Ultra shall take (or cause to be taken) all necessary action to cause the Board of Directors of Ultra to include one independent director (as determined in accordance with the NYSE Rules).
As soon as reasonably practicable and subject to applicable Law, Ultra shall prepare and file with the Securities Exchange Commission a registration statement on Form S-8 (or another appropriate form) registering under the Securities Act the offering of a number of shares of Ultra Common Stock at a minimum US-DOCS\101492795.4equal to the number of shares available under the Ultra 401(k) Plan, Ultra RSUs, Ultra PSUs and Ultra Options.
Shares of Ultra Common Stock distributed in connection with the Distribution in respect of shares of Delta Common Stock held in MAP accounts of Delta Group Employees or Former Delta Group Employees who participate in the MAP (the “ MAP Beneficiaries”) shall be deposited in such Ultra Common Stock fund under the MAP.
Shares of Ultra Common Stock distributed in connection with the Distribution in respect of shares of Delta Common Stock held in MAP accounts of Delta Group Employees or Former Delta Group Employees who participate in the MAP (the “MAP Beneficiaries”) shall be deposited in such Ultra Common Stock fund under the MAP.
Delta shall promptly send to each Record Holder a statement concerning information regarding the allocation of tax basis between the Delta Common Stock and Ultra Common Stock held by such stockholder or otherwise satisfy any requirement to so send by instead posting such information on its website in accordance with, and for the time required by, applicable Law.