Examples of Delta Common Stock in a sentence
You are hereby awarded, on the Grant Date above (the “Grant Date”), Restricted Stock for [NUMBER] shares of Delta Common Stock, par value $0.0001 per share.
Xxxxxxx Xxxxxxx Policy, as in effect from time to time, and you are responsible for reading, understanding and complying with the policy, including the prohibitions against hedging and pledging of Delta Common Stock.
You are hereby awarded, on the Grant Date, an Option exercisable for [NUMBER] of shares of Delta Common Stock.
However, from and after the Effective Time, the number of shares of Ultra Common Stock subject to each such Ultra RSU shall be equal to (A) the number of shares of Delta Common Stock subject to the corresponding RSU immediately prior to the Effective Time divided by (B) the Ultra Ratio, with any fractional share rounded down to the nearest whole share.
You are hereby awarded, on the Grant Date, an Option exercisable for [NUMBER] shares of Delta Common Stock.
Shares of Ultra Common Stock distributed in connection with the Distribution in respect of shares of Delta Common Stock held in MAP accounts of Delta Group Employees or Former Delta Group Employees who participate in the MAP (the “MAP Beneficiaries”) shall be deposited in such Ultra Common Stock fund under the MAP.
However, from and after the Effective Time, the number of shares of Ultra Common Stock subject to each such Ultra PSU shall be equal to (A) the number of shares of Delta Common Stock subject to the corresponding PSU immediately prior to the Effective Time divided by (B) the Ultra Ratio, with any fractional share rounded down to the nearest whole share.
No fractional shares of New Delta Common Stock will be issued or distributed under this Plan.
The total number of shares of New Delta Common Stock to be distributed herein will be adjusted as necessary to account for such rounding.
Ultra shall mail to the holders of Delta Common Stock, at such time on or prior to the Distribution Date as Delta shall determine, the Information Statement included in its Form 10, as well as any other information concerning Ultra, its business, operations and management, the transaction contemplated herein and such other matters as Delta shall reasonably determine are necessary and as may be required by Law.