Examples of Equivalent Common Shares in a sentence
In the event of a Change of Control of the Company (as defined in the Plan), all of Employee’s rights in the Deferred Common Share Award and the related Dividend Equivalent Common Shares shall become immediately and fully vested and Common Shares underlying the Deferred Common Share Award and the related Dividend Equivalent Common Shares will be delivered in connection with and immediately prior to such Change in Control of the Company.
Upon any other termination of employment of the Employee, the Employee’s rights in the Deferred Common Share Award and the related Dividend Equivalent Common Shares shall immediately and automatically terminate, and no Common Shares or Dividend Equivalent Common Shares in respect of such Deferred Common Share Award not previously issued shall thereafter be issued.
Employee is hereby awarded the right to receive, without payment, the following number of Common Shares (plus the applicable number of Dividend Equivalent Common Shares) on the following dates: 2,166.67 Common Shares to be delivered on January 24, 2009.
As of the date hereof, each share of Series A Preferred Stock is convertible into a number of shares of Company Common Stock equal to the Series A Equivalent Common Shares and each share of Series B Preferred Stock is convertible into a number of shares of Company Common Stock equal to the Series B Equivalent Common Shares.
However, no policy may be endorsed during a policy period to reflect factors or conditions occurring during that policy period to recognize the addition or deletion of an operator or vehicle.
MEHC shall evidence each Equity Contribution by issuing in the name of the Equity Contributor or its designee the Equivalent Common Shares associated with such Equity Contribution and any such Equity Contribution shall be made simultaneously with and conditioned upon issuance to the Equity Contributor of the Equivalent Common Shares.
Employee is hereby awarded the right to receive, without payment, the following number of Common Shares (plus the applicable number of Dividend Equivalent Common Shares) on the following dates: 10,000 Common Shares to be delivered on January 24, 2009.
No fractional Common Shares or Equivalent Common Shares will be issued upon the exercise of any Right or Rights represented hereby, but in lieu thereof a cash payment will be made, as provided in the Rights Agreement.
Employee is hereby awarded the right to receive, without payment, the following number of Common Shares (plus the applicable number of Dividend Equivalent Common Shares) on the following dates: Common Shares to be delivered on January 24, 2009.
Employee is hereby awarded the right to receive, without payment, the following number of Common Shares (plus the applicable number of Dividend Equivalent Common Shares) on the following dates: 1,166.67 Common Shares to be delivered on January 24, 2009.