Examples of ADP Common Stock in a sentence
Table of Contents Option Grants of ADP Common Stock to Our Executive Officers The following table discloses information regarding stock options with respect to shares of ADP common stock granted in the fiscal year ended June 30, 2006 to our executive officers named in the summary compensation table.
Any portion of the Exchange Fund and Common Shares Trust which remains undistributed to the stockholders of VCAM for six months after the Effective Time shall, upon demand, be delivered to ADP, and any stockholders of VCAM who have not theretofore complied with this Article II shall thereafter look only to ADP for payment of their claim for ADP Common Stock, cash in lieu of fractional shares and any dividends or distributions with respect to ADP Common Stock.
ADP shall use its best efforts to cause the shares of ADP Common Stock to be issued in the Merger to be approved for listing on the NYSE, subject to official notice of issuance.
No dividends or other distributions declared or made after the Effective Time with respect to ADP Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of ADP Common Stock represented thereby and no cash payment in lieu of fractional shares shall be paid to any such holder pursuant to Section 2.2(e) until the holder of record of such Certificate shall surrender such Certificate.
In the event of a transfer of ownership of VCAM Common Stock which is not registered in the transfer records of VCAM, a certificate representing the proper number of shares of ADP Common Stock may be issued to a transferee if the Certificate representing such VCAM Common Stock is presented to the Exchange Agent, accompanied by all documents required to evidence and effect such transfer and by evidence that any applicable stock transfer taxes have been paid.
The ADP Common Stock to be issued in the Merger pursuant to this Agreement shall have been authorized for listing on the NYSE or any other national securities exchange or automated quotation system approved by ADP and VCAM, in each case, subject to official notice of issuance.
Until surrendered as contemplated by this Section 2.2, each Certificate shall be deemed at any time after the Effective Time to represent only the right to receive upon such surrender the certificate representing shares of ADP Common Stock and cash in lieu of any fractional shares of ADP Common Stock as contemplated by Section 2.2(e).
Neither ADP nor VCAM shall be liable to any holder of shares of VCAM Common Stock or ADP Common Stock, as the case may be, for such shares (or dividends or distributions with respect thereto) or cash from the Common Shares Trust delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.
For this purpose, the number of shares of ADP Common Stock issuable under Section 2.1 shall mean the product of (i) the Exchange Ratio multiplied by (ii) the number of outstanding shares of VCAM Common Stock as of the Effective Time, rounded up to the nearest whole number.
Option Grants of ADP Common Stock to Our Executive Officers The following table discloses information regarding stock options with respect to shares of ADP common stock granted in the fiscal year ended June 30, 2006 to our executive officers named in the summary compensation table.