UTC Shares definition

UTC Shares means the shares of common stock, par value $1.00 per share, of UTC.
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UTC Shares shall have the meaning set forth in the Separation and Distribution Agreement.
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Examples of UTC Shares in a sentence

  • Each of UTC, Carrier and Otis shall take all actions as may be necessary to approve any grants of adjusted equity awards by UTC (in respect of UTC Shares), Carrier (in respect of Carrier Shares) and Otis (in respect of Otis Shares) in connection with the Distributions in order to satisfy the requirements of Rule 16b-3 under the Exchange Act.

  • Solely for purposes of computing fractional share interests pursuant to this Section 3.4(c) and Section 3.4(d), the beneficial owner of UTC Shares held of record in the name of a nominee in any nominee account shall be treated as the Record Holder with respect to such shares.

  • Any UTC Shares held by a UTC Dissenting Shareholder which has not been repurchased prior to completion of the Agreement shall be exchanged for UTAC Shares in accordance with the same exchange ratio and subject to purchase by UTC or its third party designee in accordance with Taiwanese laws after completion.

  • On 29 July 2004, the Company and UTC entered into an amended and restated share swap agreement for the acquisition of all the UTC Shares at an exchange ratio of 1 UTC Share to 1.33 new Shares (the "UTC Acquisition").

  • Refers to UTC Shares held by UTC (9,992,428) and its subsidiary (255,000) Based on UTAC’s issued share capital of 842,100,264 UTAC Shares as at 28 July 2004.

  • There are outstanding UTC Options to subscribe for up to 27,200,000 UTC Shares, granted by UTC under the Guidelines for Issuance and Subscription of Employee Stock Options of UTC adopted on 17 November 2003 (the “UTC Option Plan”).

  • Solely for purposes of computing fractional share interests pursuant to this Section 3.4(c) and Section 3.4(d), the beneficial owner of UTC Shares held of record in the name of a nominee in any nomineeaccount shall be treated as the Record Holder with respect to such shares.

  • Similarly, outstanding options to purchase UTC Shares granted by UTC (“UTC Options”) will be replaced by UTAC with options to acquire UTAC Shares at the New Exchange Ratio.

  • Choose How to Vote Your UTC Shares Making Your Investment Election1.

  • In such an event, UTC shall repurchase the UTC Shares held by the UTC Dissenting Shareholder in accordance with Taiwanese laws.

Related to UTC Shares

  • Exchange Shares has the meaning set forth in Section 2.01(b).

  • Merger Shares has the meaning set forth in Section 2.2(c).

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Newco Shares means the common shares in the capital of Newco;

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Subscriber Shares means the Shares which the subscribers to the Instrument of the ICAV agree to subscribe for as more particularly hereinafter set forth after their names.

  • Company Shares has the meaning set forth in the Recitals.

  • Amalco Shares means common shares in the capital of Amalco;

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Subco Shares means the common shares in the capital of Subco;

  • Purchased Shares has the meaning set forth in Section 2.01.

  • H Shares means the overseas-listed foreign invested shares in the share capital of the Company with a nominal value of RMB1.00 each, which are subscribed for and traded in Hong Kong Dollars;

  • Acquired Shares has the meaning set forth in the Recitals.

  • Series C Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series C, of the Company.

  • Common Shares means the common shares in the capital of the Company;

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • A Shares means a participating share of no par value in the capital of the Fund, denominated in US Dollars;

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • New Shares means ordinary or common shares, whether of the entity or person (other than the Share Issuer) involved in the Merger Event or a third party, that are, or that as of the Merger Date are promptly scheduled to be, (i) publicly quoted, traded or listed on an exchange or quotation system located in the same country as the Exchange (or, where the Exchange is within the European Union, in any member of state of the European Union) or on another exchange acceptable to the Issuer and (ii) not subject to any currency exchange controls, trading restrictions or other trading limitations.

  • Public Shares means the Ordinary Shares included in the Units issued in the Public Offering; (vi) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Warrants shall be deposited; (vii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (viii) “Charter” shall mean the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Equity Shares means the Common Shares and any shares of any other class or series of the Corporation which may from time to time be authorized for issue if by their terms such shares confer on the holders thereof the right to participate in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of the Corporation beyond a fixed sum or a fixed sum plus accrued dividends;

  • Consideration Shares shall have the meaning set forth in Section 2.7(c).

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.