Examples of Forestar Common Stock in a sentence
Upon entitlement to payment under the plan, Temple-Inland shall be solely responsible for the settlement of all shares payable in the form of Temple-Inland Common Stock, Guaranty shall be solely responsible for the settlement of all shares payable in the form of Guaranty Common Stock, and Forestar shall be solely responsible for the settlement of all shares payable in the form of Forestar Common Stock, in each case regardless of the person entitled to payment.
No action by any such stockholder shall be necessary for such stockholder to receive the applicable number of shares of Forestar Common Stock (and, if applicable, cash in lieu of any fractional shares) such stockholder is entitled to in the Forestar Distribution.
Forestar shall indemnify the Temple-Inland Indemnitees in accordance with ARTICLE VII hereof for all claims relating to such Forestar Common Stock and cash so delivered to Forestar.
Fractional shares of Forestar Common Stock or Guaranty Common Stock will not be distributed in the Distributions nor credited to book-entry accounts.
None of Temple-Inland, Forestar, Guaranty or the Distribution Agent will guarantee any minimum sale price for the fractional shares of Forestar Common Stock or Guaranty Common Stock.
Forestar shall hold all such Forestar Common Stock and cash for the account of such stockholders and any such stockholder shall look only to Forestar for such Forestar Common Stock and cash, if any, in lieu of fractional share interests, subject in each case to applicable escheat or other abandoned property laws.
Temple-Inland stockholders holding a number of shares of Temple-Inland Common Stock on the Forestar Distribution Record Date or the Guaranty Distribution Record Date, as applicable, which would entitle such stockholders to receive less than one whole share of Forestar Common Stock or Guaranty Common Stock, as the case may be, in the applicable Distribution, will receive cash in lieu of such fractional shares.
Stock Deferral and Payment Plan that are payable in shares of Temple-Inland Common Stock, each share of Temple-Inland Common Stock credited under such plan immediately before the Relevant Time shall, at the Relevant Time, be treated in the same manner as described in Section 7.3 in respect of Temple-Inland Restricted Stock Units (such that each such credited share of Temple-Inland Common Stock shall be deemed to represent Guaranty Common Stock and Forestar Common Stock as well, as the case may be).
Each holder as of the Forestar Distribution Record Date of Temple-Inland Restricted Shares that remain outstanding immediately prior to the Forestar Distribution Date shall receive, upon the Forestar Distribution being made, such number of Forestar Restricted Shares as equals the number of shares of Forestar Common Stock to which all other holders of shares of Temple-Inland Common Stock shall be entitled to receive upon the Forestar Distribution being made.
Each record holder of Temple-Inland Common Stock on the Forestar Distribution Record Date will be entitled to receive in the Forestar Distribution one share of Forestar Common Stock for every three shares of Temple-Inland Common Stock held by such stockholder.