Old Stock definition
Examples of Old Stock in a sentence
Upon such termination, the Depositary shall promptly return to the Company the stock certificate representing the Old Stock.
Pursuant to the terms of such amendment, from and after the Effective Date, each share of Old Stock outstanding prior to the Effective Date and held by the Depositary shall represent 10 shares of New Stock.
In connection with the foregoing, (i) the foregoing is intended to effect an assumption of the Old Stock Options by Parent under Section 424(a) of the Code and (ii) neither a Parent Stock Option nor the assumption of Old Stock Option shall give the holder of an Old Stock Option additional benefits which he did not have under such an Old Stock Option within the meaning of Section 424(a)(1) of the Code.
At the Effective Time, each Company Stock Option that (i) is outstanding at the Effective Time, and (ii) would otherwise survive the Effective Time in the absence of the transactions contemplated by this Agreement (“Old Stock Options”), shall be assumed by Parent through the grant of an option to acquire shares of Parent Common Stock on the terms set forth below (each Old Stock Option, as assumed, a “Parent Stock Option”).
To the extent that amounts are so withheld by Parent, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of Company Common Stock and Old Stock Options in respect of which such deduction and withholding was made by Parent.
The Stockholders are currently the holders of a majority of the stock (the "Old Stock") of Media Source, Inc., a Delaware corporation ("Media Source").
The issuance, sale and delivery of the Shares as contemplated by this Agreement are not and will not be subject to any preemptive right, right of first refusal or other right or restriction, except for rights under the Stock Purchase Agreement among the Company, NGM, and the Purchaser dated as of December 28, 1994 (the "Old Stock Purchase Agreement"), which rights all of the parties hereby expressly waive.
All statements made in Section 1.07 of this Agreement regarding the outstanding Stock Options are accurate, and the treatment of Old Stock Options as set forth in Section 1.07 of this Agreement is permitted under the current terms of the Company Stock Compensation Plans and Option Grant Agreements.
Until surrendered and exchanged, each Old Stock Certificate shall be deemed for all purposes after the Effective Date to evidence ownership of the number of Merger Shares into which the shares of Cymedix Common Stock or Cymedix Preferred Stock represented by the Old Stock Certificate have been converted under Section 2.2(b).
For the avoidance of doubt, Old Stock Options that are both Out of the Money Old Stock Options and unexercised prior to the Effective Time shall be forfeited as of the Effective Time without payment, in accordance with the terms of the Company Stock Compensation Plans.