Examples of Kenvue Common Stock in a sentence
Each J&J Option Award held as of immediately prior to the Distribution, whether vested or unvested, by any current Kenvue Employee as of the Distribution shall be converted into an option to purchase shares of Kenvue Common Stock granted under the Kenvue Stock Plan (a “Substitute Kenvue Option Award”).
The number of shares of Kenvue Common Stock subject to the Substitute Kenvue RSU Award shall be equal to the number of shares of J&J Common Stock subject to the J&J RSU Award as of immediately prior to the Distribution multiplied by the Kenvue Conversion Ratio, rounded to the nearest whole share.
The number of shares of Kenvue Common Stock subject to the Substitute Kenvue Option Award shall be equal to (a) the number of shares of J&J Common Stock issuable upon the exercise of the J&J Option Award as of immediately prior to the Distribution multiplied by (b) the Kenvue Conversion Ratio, rounded down to the nearest whole share.
Kenvue shall prepare and file, and shall use reasonable best efforts to have approved prior to the completion of the Initial Public Offering, an application for the listing of the Kenvue Common Stock to be offered and sold in the Initial Public Offering on the Exchange.
Such exchange shall be consummated at a ratio of shares of Kenvue Common Stock for each share of J&J Common Stock tendered, upon the terms and subject to the conditions set forth herein and in the Prospectus.
This implementation combines techniques from or-parallelism and com- mitted choice languages.
Upon the terms and subject to the conditions set forth in the Prospectus, tendering stockholders whose shares of J&J Common Stock are accepted by Johnson & Johnson pursuant to the Exchange Offer will receive Kenvue Common Stock (or cash in lieu of fractional shares).
Johnson & Johnson is offering to exchange up to an aggregate of 1,533,830,450 shares of Kenvue Common Stock which are owned by Johnson & Johnson for outstanding shares of J&J Common Stock that are validly tendered and not validly withdrawn prior to the expiration of the Exchange Offer.
None of Johnson & Johnson or Kenvue has taken any action under non-U.S. regulations to facilitate a public offer to exchange the shares of J&J Common Stock or Kenvue Common Stock outside the United States.
For each $100 of J&J Common Stock accepted in the Exchange Offer, you will receive approximately $107.53 of shares of Kenvue Common Stock, based on the Average Johnson & Johnson Price and the Average Kenvue Price (each as defined below), subject to an upper limit of 8.0549 shares of Kenvue Common Stock per share of J&J Common Stock.