Examples of Wireline Common Stock in a sentence
All of the shares of Wireline Common Stock so issued will be fully paid and non-assessable.
NTELOS will deliver to Computershare, as distribution agent (the “Distribution Agent”), for the benefit of holders of record of NTELOS Common Stock at the close of business on the Record Date (the “Record Holders”) a stock certificate representing (or authorize the related book-entry transfer of) all outstanding shares of Wireline Common Stock and will order the Distribution Agent to effect the Distribution in the manner set forth in Section 3.02.
Subject to the terms of the Tax Sharing Agreement, the Wireline Committee shall have full discretion to grant options to purchase Wireline Common Stock, award restricted stock or grant other forms of compensation that are derived from the value of the equity of Wireline, provided that the exercise of such discretion does not cause a materially adverse tax or accounting effect on NTELOS or any member of the NTELOS Group.
Additionally, each such Joint Service Employee shall receive as of the Distribution Time an option to purchase shares of Wireline Common Stock (each such option, a “Joint Service Employee Wireline Option”) pursuant to the terms of the Wireline Equity Incentive Plan subject to terms and conditions after the Distribution that are substantially similar to (to the extent practicable) the terms and conditions applicable to the corresponding NTELOS Option immediately prior to the Distribution.
Any withholdings by an NTELOS Participant with respect to the NTELOS Employee Stock Purchase Plan will be used to buy shares of NTELOS Common Stock, and any withholdings under the Wireline Employee Stock Purchase Plan will be used to purchase shares of Wireline Common Stock.