EPL Common Stock definition
Examples of EPL Common Stock in a sentence
The Shareholder currently owns approximately three million seven hundred thousand (3,700,000) shares of common stock, no par value, of EPL (the "EPL Common Stock").
Each share of IRI Common Stock, issued and outstanding immediately prior to the Effective Time, will, by virtue of the Merger, and at the Effective Time, and without further action on the part of any holder thereof, be converted into 1,000 shares of fully paid and nonassessable shares of EPL Common Stock.
The aggregate number of shares of ----------------------- Common Stock owned by EPL shareholders that have demanded that EPL purchase their shares under Chapter 13 of the California Corporations Code shall not constitute more than 5% of all shares of EPL Common Stock outstanding immediately prior to the Closing Date.
At or within 30 days of the Closing, EPL shall deliver and issue to each shareholder of IRI a certificate or certificates representing the EPL Common Stock issuable to such shareholder as consideration in this Merger.
On the Closing Date, the Shareholder -------------------------------- shall surrender to EPL for cancellation seven hundred thousand (700,000) shares of EPL Common Stock held by the Shareholder; provided, however, that if the -------- ------- Closing does not occur for any reason, this Agreement shall automatically terminate and the Shareholder shall not have any further obligations or liability hereunder.
As a condition of and in consideration for PIC to consummate the transactions contemplated under the Agreement and Plan of Reorganization, the Shareholder has agreed to enter into this Agreement to surrender to EPL for cancellation seven hundred thousand (700,000) of his shares of EPL Common Stock.
No fractional shares of EPL Common Stock will be issued in connection with the Merger.