Examples of JBI Common Stock in a sentence
For example, if the Employee exercises 100,000 options, Employee would provide cash in the amount of $150,000 to the Company and in turn receive 100,000 shares of JBI Common Stock.
Notwithstanding any other provision hereof, no fractional shares of JBI Common Stock, and no certificates or scrip therefor, or other evidence of ownership thereof, will be issued in the Merger.
An auditor from OIOS accompanied the construction manager’s Senior Safety Manager to attend a “drop test” for two adjacent hoists on 27 July 2010.
No certificates or scrip representing fractional shares of JBI Common Stock shall be issued upon the surrender of certificates for exchange; no dividend or distribution with respect to JBI Common Stock shall be payable on or with respect to any fractional share; and such fractional share interests shall not entitle the owner thereof to vote or to any other rights of a stockholder of JBI.
For example, if 100,000 shares are exercised when the price of the Company’s common stock is $5.00, then the Employee would receive Common Stock in the amount of the options exercised multiplied by the market price less the number of options exercised multiplied by the $1.50 per option (100,000x$5.00) - (100,000x1.50) = $350,000 of shares of JBI Common Stock (valued at the market price on the date of exercise).
The holding period of the HUB Common Stock received by the shareholders of JBI in connection with the Merger will include the period during which their JBI Common Stock converted in the Merger was held, provided such stock was held as a capital asset on the date of the Merger.
Notwithstanding the preceding sentence, any person holding any HBI Certificate at or after the Effective Time (the “Cutoff”) shall not be entitled to receive any dividend or other distribution payable after the Cutoff to holders of JBI Common Stock, which dividend or other distribution is attributable to such person’s JBI Common Stock represented by said HBI Certificate held after the Cutoff, until such person surrenders said HBI Certificate for exchange as provided in Section 4.1 of this Agreement.
None of the outstanding shares of JBI Common Stock has been, and none of the shares of JBI Common Stock to be issued in exchange for shares of HBI Common Stock upon consummation of the Merger will be, issued in violation of any preemptive rights of the current or past stockholders of JBI.
In lieu of any such fractional share, JBI shall pay to each former stockholder of HBI who otherwise would be entitled to receive a fractional share of JBI Common Stock an amount in cash (without interest) determined by multiplying (a) $28.00 by (b) the fraction of a share of JBI Common Stock to which such holder would otherwise be entitled.
The shares of JBI Common Stock issuable pursuant to the Merger having been approved for listing on Nasdaq NMS, subject to official notice of issuance.