CEC Stock definition
Examples of CEC Stock in a sentence
As of the date of this Agreement, CEC has no contractual obligations to redeem, repurchase or otherwise acquire, or to register with the SEC, any shares of CEC Stock.
Except as set forth above and except for shares issuable pursuant to the CEC Stock Plans and the CEC Warrants, as of the date of this Agreement, there are no shares of CEC Stock reserved for issuance, CEC does not have any Rights outstanding with respect to CEC Stock, and CEC does not have any commitment to authorize, issue or sell any CEC Stock or Rights, except pursuant to this Agreement, outstanding CEC Stock Options, the CEC Stock Plans and the CEC Warrants.
Upon any issuance of any shares of CEC Common Stock in accordance with the terms of the CEC Stock Plans, such shares will be duly authorized, validly issued, fully paid and nonassessable and free and clear of any Liens.
Other than as provided in Section 3.2(e), all shares of CEC Stock issued and outstanding immediately prior to the Effective Time shall remain issued and outstanding.
As of the date of this Agreement, no more than 19,350,243 shares of CEC Common Stock are subject to CEC Stock Options or other Rights in respect of CEC Common Stock, and no more than 7,379,709 shares of CEC Common Stock were reserved for future grants under the CEC Stock Plans.
The "Average Price" will be determined by adding the daily closing price of the CEC Stock as reported in The Wall Street Journal for the ten (10) consecutive trading days commencing on the twelfth (12th) trading day prior to the Closing Date and dividing the product by ten (10).
Any option granted by Carbon in substitution for an option granted under the CEC Stock Option Plan shall expressly provide that it is being granted in full satisfaction of, and in substitution for, any and all options for CEC Resources, Ltd.
On the Closing Date, in consideration for the sale of the Shares to the Buyer, the Buyer will pay to the Seller as provided in paragraph 8 of this Agreement $7.33 per Share (the "Purchase Price") payable in shares of Parent common stock (the "CEC Stock").
The number of shares of CEC Stock constituting the Purchase Price will be determined based on the Average Price (as hereinafter defined) and is referred to herein as the "Purchase Price Shares".
On the Closing Date, in consideration for the sale of the Acquisition Shares and the grant of the Option to the Buyer, the Buyer will pay to the Seller as provided in paragraph 8 of this Agreement $7.33 per Acquisition Share (the "Purchase Price") payable in shares of Chesapeake Energy Corporation ("CEC") common stock (the "CEC Stock").