Valvoline Common Stock definition

Valvoline Common Stock means the common stock, $0.01 par value per share, of Valvoline.
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Valvoline Common Stock shall have the meaning set forth in the Separation Agreement.
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Examples of Valvoline Common Stock in a sentence

  • Following the Distribution, Ashland Employees, Former Ashland Employees and Former Valvoline Employees shall not be permitted to acquire shares of Valvoline Common Stock fund under the Ashland Global 401(k) Plan, except for the shares of Valvoline Common Stock acquired in connection with the Distribution.

  • Any such balances that are denominated or hypothetically invested in shares of Ashland Global Common Stock as of immediately prior to the Distribution shall become denominated or hypothetically invested in shares of Valvoline Common Stock, as adjusted to preserve the value of such balance in accordance with the methodology described in Section 8.02(c).

  • Any such balances that are denominated or hypothetically invested in shares of Ashland Global Common Stock as of immediately prior to January 1, 2017 that remain so denominated or invested as of the Distribution shall become denominated or hypothetically invested in shares of Valvoline Common Stock effective as of the Distribution, as adjusted to preserve the value of such balances in accordance with the methodology described in Section 8.02(c).

  • For purposes of this Section 14.6, Non-Directed Securities shall mean that common stock allocated to the Valvoline Common Stock Fund for which instructions are not timely received by the Trustee.

  • Evercore Trust Company, N.A., which shall be the sole named fiduciary and investment manager for the Valvoline Common Stock Fund under the Plan.

  • This designation shall apply to all of the assets invested in the Valvoline Common Stock Fund, whether invested before or after January 1, 2017.

  • Leveraged Employee Stock Ownership Plan (hereinafter referred to as the “LESOP”) on behalf of all Employees who are Participants under this Plan are hereby adopted, restated and merged into this Plan and made a part of Section 7.9 (the Valvoline Common Stock Fund).

  • The Valvoline Common Stock Fund shall consist of those portions of a Member’s Account which are invested in Company Stock, including the Member’s Non-Offset Account, PAYSOP Account and Offset Account (but with respect to the Offset Account only to the extent the investments underlying the Offset Account remain Company Stock).

  • Effective January 1, 2017, the Valvoline Common Stock Fund described in Section 7.9 of the Plan and as described in the Trust is designated as both a discretionary contribution stock bonus plan and an employee stock ownership plan (hereinafter “ESOP”), qualified under sections 401(a) and 4975(e)(7) of the Code.

  • Any shares becoming allocable to a Member’s Account and/or Salary Reduction Contribution Account in the Valvoline Common Stock Fund after the latest Valuation Date for which record processing has been completed at the time of the Trustee’s disposition of shares shall remain a part of such Member’s Account and/or Salary Reduction Contribution Account in the Valvoline Common Stock Fund subject to all the provisions of the Plan other than this ARTICLE XXII.

Related to Valvoline Common Stock

  • SpinCo Common Stock means the common stock, par value $0.01 per share, of SpinCo.

  • Newco Common Stock means the common stock, par value $.01 per share, of Newco.

  • Holdings Common Stock means the common stock of Holdings, par value $.01 per share.

  • Merger Sub Common Stock means the common stock, par value $0.01 per share, of Merger Sub.

  • Founders’ Common Stock means all of the shares of Common Stock of the Company acquired by an Insider prior to the IPO for a price of approximately $0.005875 per share;

  • Pubco Common Stock means all classes and series of common stock of Pubco, including the Class A Common Stock and Class B Common Stock.

  • Surviving Corporation Common Stock has the meaning set forth in Section 1.7(a).

  • Parent Common Stock means the common stock, par value $0.01 per share, of Parent.

  • Parent Stock Plans has the meaning set forth in Section 4.5(a).

  • Amalco Common Shares means the common shares in the capital of Amalco;

  • Company Common Stock means the common stock, par value $0.01 per share, of the Company.

  • Outstanding Company Common Stock means the outstanding shares of Common Stock, par value $1 per share, of the Company;

  • Series A Common Stock means the Series A Common Stock, par value $0.01 per share, of the Company.

  • Parent Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of Parent.

  • Class A Common Stock means the Class A Common Stock, par value $.01 per share, of the Company.

  • Parent Stock Plan has the meaning set forth in Section 6.2(a).

  • Common Stock means the common stock of the Company, par value $0.001 per share, and any other class of securities into which such securities may hereafter be reclassified or changed.

  • Fully-Diluted Common Stock means, at any time, the then outstanding Common Stock of the Company plus (without duplication) all shares of Common Stock issuable, whether at such time or upon the passage of time or the occurrence of future events, upon the exercise, conversion or exchange of all then outstanding Common Stock Equivalents.

  • New Common Stock means shares of Common Stock and/or securities convertible into, and/or other rights exercisable for, Common Stock, which are offered or sold in a New Transaction.

  • Company Stock Plans has the meaning set forth in Section 3.02(b).

  • Common Stock Outstanding means the aggregate of all Common Stock outstanding and all Common Stock issuable upon exercise of all outstanding Options and conversion of all outstanding Convertible Securities.

  • Common Stock Equivalent means any Convertible Security or warrant, option or other right to subscribe for or purchase any Additional Shares of Common Stock or any Convertible Security.

  • Substitute Common Stock means the common stock issued by the issuer of the Substitute Option upon exercise of the Substitute Option.

  • Parent Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of Parent.

  • Class C Common Stock means the Class C Common Stock, par value $0.01 per share, of the Company.

  • Class V Common Stock means the Class V common stock, par value $0.0001 per share, of the Corporation.