Examples of Newly Issued Shares in a sentence
If the stock transfer books of this Corporation shall be closed at the Series Conversion Time, such Person or Persons shall be deemed to have become such holder or holders of record of the Newly Issued Shares at the opening of business on the next succeeding day on which such stock transfer books are open.
The shares of the Common Stock to be issued upon the purchase of the Newly Issued Shares are validly authorized and, when purchased, will be validly issued, fully paid and nonassessable.
The consideration for any Newly Issued Shares issued under this Stock Issuance Program shall have a value determined by the Plan Administrator to be not less than one-hundred percent (100%) of the Fair Market Value of those shares at the time of issuance.
The consideration for any Newly Issued Shares or Treasury Shares issued under this Stock Issuance Program shall have a value determined by the Plan Administrator to be not less than one-hundred percent (100%) of the Fair Market Value of those shares at the time of issuance.
In each such case, the Conversion Price shall be reduced as of the opening of business on the date immediately following such issue or sale of Newly Issued Shares.