PCB Stock definition
Examples of PCB Stock in a sentence
At the Effective Time, the stock transfer books of PCB will be closed and no transfer of PCB Stock will be made at or after the Effective Time.
At or prior to the Effective Time, PCB shall use its best efforts to make all necessary arrangements with respect to the PCB Stock Option Plan to permit the assumption of the unexercised PCB Stock Options by Scripps pursuant to this Section 5.8.
At the Effective Time, all outstanding rights with respect to PCB Common Stock pursuant to stock options under the PCB Stock Option Plan (the "PCB STOCK OPTIONS"), whether or not then exercisable, shall be converted into and become rights with respect to Scripps Common Stock, and Scripps shall assume each PCB Stock Option in accordance with the terms of the PCB Stock Option Plan under which it was issued and the stock option agreement by which it is evidenced.
PCB has reserved 320,000 shares of its common stock for issuance under the PCB Stock Plans, pursuant to which options to purchase 298,100 shares of its common stock are outstanding as of the date of this Agreement.
All of the PCB Stock is held, beneficially and of record, by PCCC, and those shares constitute PCB’s only outstanding equity or debt securities.
As of the date hereof, there are 2,358,602 shares of PCB Common Stock issued and outstanding, 26,466 of which were issued as restricted stock pursuant to the PCB Stock Plans (of which 9,719 are currently vested, and all of which will vest on the Closing Date); an additional 1,000 shares of PCB Common Stock held as treasury stock; and no shares of PCB Preferred Stock issued and outstanding as of the date hereof.
As soon as practicable after the Effective Time, NCC shall file a Registration Statement on Form S-8 (or any successor or other appropriate forms) with the SEC with respect to each of the PCB Stock Option Plans assumed by NCC and the shares of NCC Common Stock subject to the assumed PCB Options that were originally granted under such PCB Stock Option Plans.
Subject to the foregoing, the PCB Stock Option Plans shall be frozen as of the Effective Time such that no additional options shall be available or granted thereunder following the Effective Time.
The PCB Stock and PFS Stock is not registered under, and PCB and PFS are not subject to the registration and reporting requirements of, the 1934 Act.
Each grant of PCB Restricted Shares or other outstanding PCB Rights was appropriately authorized by the board of directors of PCB or the compensation committee thereof, was made in accordance with the terms of the PCB Stock Plans and any applicable Law and regulatory rules or requirements and has a grant date identical to (or later than) the date on which it was actually granted or awarded by the board of directors of PCB or the compensation committee thereof.