MC Shares definition

MC Shares means the MC Purchased Shares, together with all other Voting Securities over which the MC Stockholder or any MC Related Person acquires Beneficial Ownership after the date hereof and together with all other securities issued in respect of such Voting Securities or into which such Voting Securities may be converted or exchanged in connection with stock dividends or distributions, combinations or any similar recapitalizations after the date hereof (provided that, in the event that the MC Stockholder shall have Transferred any such Voting Security or other security to a Person that is neither ▇▇. ▇▇▇▇▇▇ nor an MC Related Person in accordance with this Agreement (other than a Transfer pursuant to Section 3(a)(i)), such Voting Security or other security shall cease to be a MC Share after such Transfer unless ▇▇. ▇▇▇▇▇▇, the MC Stockholder or an MC Related Person thereafter reacquires Beneficial Ownership of such Voting Security or other security); provided that Common Stock acquired by the MC Stockholder or any MC Related Person as a result of the exercise of stock options, the receipt of performance shares or the grant of restricted stock units, in each case granted to ▇▇. ▇▇▇▇▇▇ as a result of his role as a Director or officer of the Company, shall not be MC Shares.
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MC Shares shall have the meaning set forth in Section 3.7(b).
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MC Shares means the MC Purchased Shares, together with all other Voting Securities over which the MC Stockholder or any MC Related Person acquires Beneficial Ownership after the date hereof and together with all other securities issued in respect of such Voting Securities or into which such Voting Securities may be converted or exchanged in connection with stock dividends or distributions, combinations or any similar recapitalizations after the date hereof (provided that, in the event that the MC Stockholder shall have Transferred any such Voting Security or other security to a Person that is neither Mr. Claure nor an MC Related Person in accordance with this Agreement (other than a Transfer pursuant to Section 3(a)(i)), such Voting Security or other security shall cease to be a MC Share after such Transfer unless Mr. Claure, the MC Stockholder or an MC Related Person thereafter reacquires Beneficial Ownership of such Voting Security or other security); provided that Common Stock acquired by the MC Stockholder or any MC Related Person as a result of the exercise of stock options, the receipt of performance shares or the grant of restricted stock units, in each case granted to
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Examples of MC Shares in a sentence

  • The Computed MC Value shall be the result obtained by multiplying the number of Provisional MC Shares by the Stock Price on the LT Determination Date and the Maximum MC Value shall be the result obtained by multiplying the MC Shares by three times the Stock Price on the Grant Date.

  • MC shall use its reasonable best efforts to cause MC Shares to be issued in the Merger to be admitted for quotation on the Nasdaq Stock Market.

  • Notwithstanding anything to the contrary contained in this Agreement, the parties hereto understand that the MC Shares have been pledged by the Stockholder to secure obligations under its Credit Agreement and the Stockholder's obligations hereunder are subject to continued compliance by the Stockholder with its obligations under such Credit Agreement and the Security Agreement related thereto.

  • The Surviving Corporation shall deposit, or shall cause to be deposited, with the Exchange Agent for the benefit of the holders of PN Shares for exchange in accordance with this Article II, certificates representing MC Shares issuable pursuant to Section 2.1 and funds in amounts necessary to make any cash payments pursuant to Section 2.3(f).

  • As of the date hereof, no MC Shares, shares of Series A Preferred or shares of Series B Preferred are held in the treasury of MC.

  • In addition, this Agreement shall terminate with respect to MC Shares when they are no longer beneficially owned by the Stockholder.

  • In the event that, between the date of this Agreement and the Effective Time, the number of issued and outstanding PN Shares or MC Shares shall have been changed into a different number of shares or a different class of shares as a result of a stock split, reverse stock split, stock dividend, spinoff, extraordinary dividend, recapitalization, reclassification or other similar transaction with a record date within such period, the Conversion Ratio shall be appropriately adjusted.

  • The Computed MC Value shall be the result obtained by multiplying the number of Provisional MC Shares by the Stock Price on the LT Determination Date and the Maximum MC Value shall be the result obtained by multiplying the MC Shares by the Stock Price on the Grant Date.

  • Nothing contained in this Agreement shall prevent the Stockholder from selling, transferring, pledging or otherwise disposing of, any MC Shares.

  • The Conversion Ratio represents a basic conversion ratio of .90 MC Shares for each PN Share.