Examples of Veralto Common Stock in a sentence
None of Xxxxxxx, Veralto or the applicable Distribution Agent will guarantee any minimum sale price for the fractional shares of Veralto Common Stock.
Subject to the conditions and other terms set forth in this Article III, Xxxxxxx shall cause the Distribution Agent on the Distribution Date to make the Distribution, including by crediting the appropriate number of shares of Veralto Common Stock to book-entry accounts for each Record Holder or designated transferee or transferees of such Record Holder.
At or prior to the Effective Time, in connection with the Internal Reorganization and the Distribution, including the Contribution, Veralto shall pay the Consideration to Xxxxxxx (or Xxxxxxx and Veralto shall take or cause to be taken such other appropriate actions to ensure that Xxxxxxx has the requisite number of shares of Veralto Common Stock) and take any other action as may be requested by Xxxxxxx in order to effect the Distribution.
No action by any Record Holder (or such Record Holder’s designated transferee or transferees) shall be necessary to receive the applicable number of shares of Veralto Common Stock (and, if applicable, cash in lieu of any fractional shares) such stockholder is entitled to in the Distribution.
Fractional shares of Veralto Common Stock will not be distributed in the Distribution nor credited to book-entry accounts.
Effective as of the Distribution Date, Veralto shall have adopted the Veralto 2023 Omnibus Incentive Plan (the “Veralto Stock Plan”), which shall permit the grant and issuance of equity incentive awards denominated in Veralto Common Stock as described in this Article IV.
Record Holders who, after aggregating the number of shares of Veralto Common Stock (or fractions thereof) to which such stockholder would be entitled on the Record Date, would be entitled to receive a fraction of a share of Veralto Common Stock in the Distribution, will receive cash in lieu of fractional shares.
Notwithstanding the foregoing and except as otherwise set forth in Section 3.5 or Article IV, nothing contained in this Agreement shall require Veralto to make any grants of equity awards relating to shares of Veralto Common Stock to Veralto Employees following the Distribution Date.
For Record Holders who own Xxxxxxx Common Stock through a broker or other nominee, their shares of Veralto Common Stock will be credited to their respective accounts by such broker or nominee.