Examples of Vontier Common Stock in a sentence
Fractional shares of Vontier Common Stock will not be distributed in the Distribution nor credited to book-entry accounts.
None of Fortive, Vontier or the applicable Distribution Agent will guarantee any minimum sale price for the fractional shares of Vontier Common Stock.
Subject to the conditions and other terms set forth in this Article III, Fortive shall cause the Distribution Agent on the Distribution Date to make the Distribution, including by crediting the appropriate number of shares of Vontier Common Stock to book-entry accounts for each Record Holder or designated transferee or transferees of such Record Holder.
Record Holders who, after aggregating the number of shares of Vontier 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 Vontier Common Stock in the Distribution, will receive cash in lieu of fractional shares.
At or prior to the Effective Time, in connection with the Distribution, including the transfer of the Vontier Assets to the Vontier Group in the Internal Reorganization whenever made, Vontier shall pay the Consideration to Fortive (or Fortive and Vontier shall take or cause to be taken such other appropriate actions to ensure that Fortive has the requisite number of shares of Vontier Common Stock) and take any other action as may be requested by Fortive in order to effect the Distribution.
Notwithstanding the foregoing and except as otherwise set forth in Section 3.4 or Article IV, nothing contained in this Agreement shall require Vontier to make any grants of equity awards relating to shares of Vontier Common Stock to Vontier Employees following the Effective Time.
Effective as of the Effective Time, Vontier shall have adopted the Vontier Corporation 2020 Omnibus Incentive Plan (the “Vontier Stock Plan”), which shall permit the grant and issuance of equity incentive awards denominated in Vontier Common Stock as described in this Article IV.
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 Vontier Common Stock (and, if applicable, cash in lieu of any fractional shares) such stockholder is entitled to in the Distribution.
For Record Holders who own Fortive Common Stock through a broker or other nominee, their shares of Vontier Common Stock will be credited to their respective accounts by such broker or nominee.
For Record Holders who own Fortive Common Stockthrough a broker or other nominee, their shares of Vontier Common Stock will be credited to their respective accounts by such broker or nominee.