Examples of VRM Common Stock in a sentence
The Board of Directors of the Company shall formally declare the Distribution and shall authorize the Company to pay it immediately prior to the Effective Time, subject to the satisfaction or waiver of the conditions set forth in Article VII, by delivery of certificates for VRM Common Stock to the Transfer Agent for delivery to the holders entitled thereto.
Ward Councillors or other appropriate elected representatives raising material planning issues on behalf of those they represent.
Upon the consummation of the Distribution, any Option held by a VRM Participant or by a non-employee director of the Company that is outstanding at the Time of Distribution shall cease to represent a right to acquire Common Stock and shall be replaced as of the Time of Distribution with a VRM Stock Option with respect to a number of shares of VRM Common Stock and with a per-share exercise price as determined pursuant to Section 3.01(a) of the Employee Benefits Agreement.
The Distribution shall be effected by the distribution to each holder of record of Company Common Stock, as of the record date designated for the Distribution by or pursuant to the authorization of the Board of Directors of the Company (the "Record Date"), of certificates representing one share of VRM Common Stock and associated VRM Right for each share of Company Common Stock held by such holder.
Immediately prior to the Effective Time (as defined ---------------- in the Merger Agreement), the Company intends to distribute (the "Distribution") to the holders of the Company's common stock, par value $1.00 per share ("Company Common Stock"), on a pro rata basis, all of the then outstanding shares of common stock, par value $0.01 per share ("VRM Common Stock"), of VRM.
Immediately prior to the Effective Time (as defined in the Merger Agreement), the Company intends to distribute (the "Distribution") to the holders of the Company's common stock, par value $1.00 per share ("Company Common Stock"), on a pro rata basis, all of the then outstanding shares of common stock, par value $0.01 per share ("VRM Common Stock"), of VRM.