The Distribution. Following the Contribution and prior to the Effective Time, subject to the conditions set forth in the Distribution Agreement, (i) the capital stock of Packco will be distributed to Grace, (ii) the capital stock of Grace-Conn. will be contributed to New Grace and (iii) all of the issued and outstanding shares of the common stock of New Grace (together with the New Grace Rights, "New Grace Common Stock") will be distributed (the "Distribution") to the holders as of the Record Date of the common stock of Grace, par value $.01 per share ("Grace Common Stock"), other than shares held in the treasury of Grace, on a pro rata basis.
Appears in 5 contracts
Samples: Employee Benefits Allocation Agreement (Sealed Air Corp), Employee Benefits Allocation Agreement (Grace Specialty Chemicals Inc), Employee Benefits Allocation Agreement (Sealed Air Corp/De)
The Distribution. Following the Contribution and prior to the Effective Time, subject to the conditions set forth in the Distribution this Agreement, (i) the capital stock of Packco will be distributed to GraceGrace (the "Intragroup Spinoff"), (ii) the capital stock of Grace-Conn. will be contributed to New Grace and (iii) all of the issued and outstanding shares of the common stock of New Grace (together with the New Grace Rights, "New Grace Common Stock") will be distributed on a pro rata basis (the "Distribution") to the holders as of the Record Date of the common stock of Grace, par value $.01 per share ("Grace Common Stock"), other than shares held in the treasury of Grace, on a pro rata basis.
Appears in 2 contracts
Samples: Distribution Agreement (Wr Grace & Co/De), Distribution Agreement (Sealed Air Corp)
The Distribution. Following the Contribution and prior to the Effective Time, subject to the conditions set forth in the Distribution this Agreement, (i) the capital stock of Packco will be distributed to GraceGrace (the "Intragroup Spinoff"), (ii) the capital stock of Grace-Conn. will be contributed to New Grace and (iii) all of the issued and outstanding shares of the common stock of New Grace (together with the New Grace Rights, "New Grace Common Stock") will be distributed on a pro rata basis (the "Distribution") to the holders as of the Record Date of the common stock of Grace, par value $.01 .1 per share ("Grace Common Stock"), other than shares held in the treasury of Grace, on a pro rata basis.
Appears in 1 contract
