Examples of PBI Common Stock in a sentence
At the Effective Time, the stock transfer books of PBI shall be closed as to holders of PBI Common Stock outstanding immediately prior to the Effective Time, and no transfer of PBI Common Stock by any PBI Record Holder shall thereafter be made or recognized.
For each outstanding Stock Option, the name of the holder thereof, the grant date, the number of shares of PBI Common Stock subject thereto, the exercise price per share and the vesting schedule thereof are as presented in Schedule 3.1(b).
As soon as practical after the Effective Time, the outstanding balance of the ESOP loan, plus accrued interest, shall be repaid in full by the ESOP Trustees with cash attributable to the Merger Consideration received in exchange for the shares of PBI Common Stock then held in the ESOP's loan suspense account.
As soon as practicable, after surrender to the Exchange Agent of the certificates of PBI Common Stock in accordance with the instructions of the letter of transmittal, the Exchange Agent shall distribute to the former holders of shares of PBI Common Stock a check for the Merger Consideration that each such holder is entitled to receive pursuant to this Agreement.
However, upon surrender of such PBI Common Stock certificate, both the NCBC Common Stock certificate and any undelivered dividends and cash payments payable hereunder (without interest) shall be delivered and paid with respect to each share represented by such certificate.
If any holder of Dissenting Shares shall have so failed to perfect or effectively withdrawn or lost such holder's right to dissent from the Merger, each of such holder's shares of PBI Common Stock shall thereupon no longer be deemed Dissenting Shares and to have become, as of the Effective Time, the right to receive the Merger Consideration pursuant to Section 2.2.
Except as set forth in Section 3.1(b), (c) or (d), there are no outstanding options, warrants, agreements, arrangements, commitments or any similar rights in existence for the purchase of or issuance of, or which encumber in any way, PBI Preferred Stock, PBI Common Stock or any equity interest in any Subsidiary of PBI.
Any shares of PBI Common Stock held in the trust established for the purposes of the MRP, but not subject to an outstanding award thereunder at the Effective Time, shall be cancelled without any consideration and no payment or distribution shall be made with respect thereto.
In the event of any change in the PBI Common Stock by reason of stock dividends, split-ups, mergers, reorganizations, recapitalizations, combinations, exchanges of shares or the like, the number and kind of shares or securities subject to the Option and the purchase price per share of Common Stock will be appropriately adjusted.
At any time from and after the date of this Agreement until the Option is no longer exercisable, PBI will give NCBC at least 10 days prior written notice before setting the record date for determining the holders of record of the PBI Common Stock entitled to vote on any transaction described in Section 2 above.