Company Restricted Stock. At the Effective Time, each share of restricted stock granted pursuant to the Stock Plans that is outstanding immediately prior to the Effective Time (each such share, a share of “Company Restricted Stock”) shall be cancelled and shall only entitle the holder of each such share of Company Restricted Stock to receive, as soon as reasonably practicable after the Effective Time, (i) an amount in cash equal to the Per Share Cash Merger Consideration, less applicable Taxes required to be withheld with respect to such payment and (ii) one Contingent Value Right.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (At&t Inc.), Agreement and Plan of Merger (Leap Wireless International Inc)
Company Restricted Stock. At the Effective Time, each vested and unvested share of restricted stock granted pursuant to the Stock Plans 2013 Plan that is outstanding immediately prior to the Effective Time (each such share, a share of “Company Restricted Stock”) shall be terminated and cancelled and shall only entitle the holder of each such share of Company Restricted Stock to receive, as soon as reasonably practicable after the Effective Time, (i) an amount in cash equal to the Per Share Cash Merger Consideration, less applicable Taxes Consideration (without interest and after giving effect to any required to be withheld with respect to such payment and (ii) one Contingent Value RightTax withholdings as provided in Section 2.2(h)).
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Straight Path Communications Inc.), Voting Agreement (Straight Path Communications Inc.)
