Pioneer Stock definition
Examples of Pioneer Stock in a sentence
Seller acknowledges that any Pioneer Stock it is acquiring pursuant to this Agreement (if any) has not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and the certificates evidencing such Pioneer Stock will contain a restrictive legend.
If any Pioneer Stock shall be issued to Seller as a portion of the Purchase Price, Pioneer shall have delivered to Seller a stock certificate for the Pioneer Stock being issued to Seller at Closing.
Seller acknowledges that Pioneer has not given Seller any investment advice or opinion on whether the acquisition of the Pioneer Stock is prudent.
Pioneer shall pay the cash Purchase Price at Closing to all Shareholders who tender their stock certificate(s) with their election form (and shall pay the Pioneer Stock portion of the purchase price as expeditiously as possible thereafter), and the remaining Shareholders shall be paid within five business days of receipt of said certificate(s).
In the event Trailblazer wishes to exercise all or any part of the Pioneer Stock Option, Trailblazer shall deliver to Pioneer a written notice (a "Trailblazer Exercise Notice," with the date of the Trailblazer Exercise notice being hereafter called the "Trailblazer Notice Date") notifying Pioneer of its exercise of the Pioneer Stock Option and specifying the number of Pioneer Option Shares to be purchased.
Seller acknowledges that the Pioneer Stock has not been registered under the Securities Act and the certificates evidencing the Pioneer Stock will contain a restrictive legend.
Subject to and in conjunction with the Closing of the Merger or immediately after the Merger, Techno shall have signed the Techno Stock Purchase Agreement and Pioneer shall have signed the Pioneer Stock Purchase Agreement.
At Closing, PTES shall deliver the cash portion of the Purchase Price by wire transfer to the account identified by Seller in the signature page hereto, and, if Seller has elected the Combination Option, in addition to the cash portion of the Purchase Price to be delivered by PTES by wire transfer, Pioneer shall deliver a stock certificate representing the Pioneer Stock payable to Seller to the address of Seller set forth in the signature page hereto.
Except as set forth on Section 6.18 of the Pioneer Disclosure Schedule, Pioneer shall take all actions necessary to (i) suspend any and all offering or grants during the offering periods currently in effect under the Pioneer Stock Purchase Plans effective as of the date of this Agreement (such that no shares of Pioneer capital stock can be issued pursuant thereto) and (ii) take all actions necessary to terminate the Pioneer Stock Purchase Plans prior to the Effective Time.
The Pioneer Stock issued to Seller, as provided in Section 4(B), above, will not be registered under the Securities Act of 1933, or any state securities act.