Examples of Veoneer Common Stock in a sentence
Neither Autoliv nor Veoneer shall be required to guarantee any minimum sale price for the fractional shares of Veoneer Common Stock.
Veoneer will not issue paper stock certificates in respect of the shares of Veoneer Common Stock.
Veoneer and Autoliv agree that from and after the Distribution Effective Time each such holder will be entitled to receive all dividends payable on, and exercise voting rights and all other rights and privileges with respect to, the Veoneer Common Stock and Veoneer SDRs, as applicable, then deemed to be held by such holder.
Until the Veoneer Common Stock is duly transferred in accordance with this Section 3.2 and applicable Law, from and after the Distribution Effective Time, Veoneer will regard the Persons entitled to receive such Veoneer Common Stock and Veoneer SDRs as record holders of Veoneer Common Stock or Veoneer SDRs, as applicable, in accordance with the terms of the Distribution without requiring any action on the part of such Persons.
All of the shares of Veoneer Common Stock distributed (including Veoneer Common Stock transferred to the Veoneer Custodian) will be validly issued, fully paid and non-assessable.
Subject to Section 3.3, each Record Holder shall be entitled to receive in the Distribution: (i) one share of Veoneer Common Stock for every one share of Autoliv Stock held by such Record Holder as of the Record Date and (ii) cash, if applicable, in lieu of fractional shares which cash shall be obtained and distributed in the manner provided in Section 3.2(d).
Autoliv and Veoneer shall take all actions as may be necessary to approve the grants of adjusted equity awards by Autoliv (in respect of shares of Autoliv Common Stock) and Veoneer (in respect of shares of Veoneer Common Stock) in connection with the Distribution in order to satisfy the requirements of Rule 16b-3 under the Exchange Act.
The Veoneer Common Stock to be distributed to the Autoliv stockholders in the Distribution shall have been accepted for listing on the NYSE, subject to official notice of distribution.
Such prohibited hedging or other transactions would include without limitation any short sale or any purchase, sale or grant of any right (including without limitation any put or call option) with respect to any of the Lock-Up Securities or with respect to any security that includes, relates to, or derives any significant part of its value from such shares of Veoneer Common Stock.
In addition, the Investor agrees that, without the prior written consent of Veoneer, the Investor will not, during the Lock-Up Period, make any demand for, or exercise any right with respect to, the registration of any shares of Veoneer Common Stock or any security convertible into or exercisable or exchangeable for shares of Veoneer Common Stock.