Spin-Off definition

Spin-Off shall have the meaning specified in Section 14.04(c).
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Spin-Off means a dividend or other distribution of shares of Capital Stock of any class or series, or similar equity interests, of or relating to a Subsidiary or other business unit of the Company.
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Spin-Off has the meaning specified in Section 4.04(c).
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Examples of Spin-Off in a sentence

  • In the event that the planned spin-off of FedEx Freight, Inc (the “Spin-Off”) is completed and the Participant is an employee of the spun-off entity (“SpinCo”) immediately following the Spin-Off, the Participant acknowledges that the board of directors of SpinCo or a committee thereof may modify or replace the performance goals in its sole discretion as it deems equitable and appropriate to preserve the intended purpose of the award.

  • If any dividend or distribution that constitutes a Spin-Off is declared but not so paid or made, the Conversion Rate shall be immediately decreased, effective as of the date the Company determines not to pay or make such dividend or distribution, to the Conversion Rate that would then be in effect if such dividend or distribution had not been declared or announced.


More Definitions of Spin-Off

Spin-Off has the meaning specified in Section 7.04(c).
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Spin-Off has the meaning set forth in the Recitals.
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Spin-Off has the meaning specified in Section 10.04(c).
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Spin-Off means the Separation and the Distribution.
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Spin-Off means a dividend or other distribution of shares of capital stock of any class or series, or similar equity interests, of or relating to a subsidiary or other business unit of the Corporation.
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Spin-Off means a payment by BIP of a distribution of shares of any class or series, or similar equity interest, of or relating to a subsidiary or business unit of BIP, that are, or, when issued, will be, listed or admitted for trading on a U.S. National Securities Exchange or the TSX;
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Spin-Off has the meaning specified in the recitals hereto.
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