Examples of Tronox Common Stock in a sentence
Each such adjusted Award shall otherwise have the same terms and conditions as were applicable to the corresponding Xxxx-XxXxx Award as of the Distribution Date, except that references to Xxxx-XxXxx and Xxxx-XxXxx Entities shall be amended to refer to Tronox and Tronox Entities and dividend equivalent payments, if any, shall be payable after the Distribution Date with reference to dividends on Tronox Common Stock.
Notwithstanding the foregoing, if an adjustment is required under Article 7 with respect to a Change in Control, Tronox Stock Value shall mean the price at which shares of Tronox Common Stock are offered to purchasers in the IPO.
IPO means the initial public offering by Tronox of shares of Tronox Common Stock pursuant to the IPO Registration Statement.
Tronox Stock Value means a price for Tronox Common Stock on the Distribution Date or, if such date is not a trading day on the NYSE, on the next preceding day that was a trading day on the NYSE, calculated using a methodology to be determined by Xxxx-XxXxx.
The aggregate purchase price for the shares of New Tronox Common Stock issuable upon exercise of the Rights shall be $170 million.
When immediately preceded by “Tronox,” Option means an option to purchase Tronox Common Stock (including any tandem stock appreciation right), in each case pursuant to a Stock Plan.
Each such Tronox Option shall provide for the purchase of a number of shares of Tronox Common Stock equal to the number of shares of Xxxx-XxXxx Common Stock subject to the corresponding Xxxx-XxXxx Option as of the Distribution Date, multiplied by the Ratio, with fractional shares rounded down to the nearest whole share.
In connection with the registration of any offering of Shares pursuant to this Agreement, Tronox agrees to use commercially reasonable efforts to effect the listing of such Shares on any securities exchange on which any shares of any class of Tronox Common Stock are then listed and otherwise facilitate the public trading of such Shares.
The Parties shall use commercially reasonable efforts to cause, on, or as soon as possible after, the Effective Date, the shares of New Tronox Common Stock to be listed on the NYSE or The NASDAQ Stock Market.
Tronox Common Stock and Tronox Bonds are the only securities eligible for recovery under the Plan of Allocation.