Examples of PDC Common Stock in a sentence
The cash to be paid upon the surrender for exchange of shares of PDC Common Stock in accordance with the terms hereof shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares of PDC Common Stock, and after the Effective Time there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the shares of PDC Common Stock that were outstanding immediately prior to the Effective Time.
Subject to the provisions of Section 3.1(c), each share of PDC Common Stock issued and outstanding immediately prior to the Effective Time (other than shares to be canceled in accordance with Section 3.1(a)) shall be converted into the right to receive (i) a Proportionate Share of the Cash Consideration from UTI and (ii) a Proportionate Share of the remaining amount of the Escrowed Consideration, if any, in accordance with Article XIII.
A Participant shall be entitled to receive Dividend Equivalents with respect to the payment of cash dividends on PDC Common Stock on or after the Award Date, if the cash-dividend record date precedes the date on which outstanding Phantom Stock Units or Stock-Based Awards, as applicable, held by such Participants are settled for cash.
The Company may (but shall have no obligation to) establish a grantor trust in accordance with Revenue Procedure 92-64, 1992-2 C.B. 422 (1992) to which it may contribute shares of PDC Common Stock or other consideration to meet the Company’s obligations to deliver such shares upon the Payment Date with respect to vested Phantom Stock Units.
If there is a change in the outstanding PDC Common Stock by reason of the issuance of additional units, recapitalization, reclassification, reorganization or similar transaction, the Administrator shall proportionately adjust, in an equitable manner, the aggregate number of available Phantom Stock Units and the number of Phantom Stock Units held by Participants.
The Semi-Annual Award shall be allocated in Phantom Stock Units and shall consist of the number of Phantom Stock Units determined by dividing (i) the amount of the Semi-Annual Award payable in Restricted Stock Units by (ii) the Fair Market Value of one share of PDC Common Stock on the Award Date or the Appointment Date, as applicable.