UCCO definition
Examples of UCCO in a sentence
The Merger shall become effective at such time (the "Effective Time") as (a) holders of a majority of the UCCO Common Stock approve the Merger, and (b) certificates of merger or articles of merger, as appropriate, in forms mutually acceptable to Quanta and UCCO, are filed with the Secretaries of State of the States of Delaware and California, respectively (the "Merger Filings").
Schedule 7.10 includes a description of the material terms of the UCCO Stockholder car lease program including all amounts paid by the Companies pursuant to the program in in the fiscal year ended December 31, 1997, and the six months ended June 30, 1998 and all beneficiaries of the program.
The Surviving Corporation will acquire substantially all of the properties of UCCO within the meaning of Section 368(a)(2)(D) of the Code.
UCCO has been taxed under the provisions of Subchapter S of the Code since July 1, 1988.
Quanta shall grant nonqualified options to purchase an aggregate of 140,000 shares of Quanta Common Stock as of the Closing Date under Quanta's 1997 Stock Option Plan (the "Option Plan") to employees of the UCCO (other than Stockholders) as mutually agreed upon by ▇▇▇▇ ▇▇▇▇ and Quanta, which options, in each case, shall vest in equal annual increments for four years, commencing one year after the Closing.
UCCO shall accrue and effect payment to each Stockholder an amount equal to such Stockholder's actual state and federal tax liability for all actual earnings of UCCO from January 1, 1998 to the Closing Date, as determined from the books and records of UCCO on the accrual basis in conformity with the normal accounting practices of UCCO, applied on a consistent basis with prior periods.
Quanta shall use its reasonable best efforts to maintain the UCCO Stockholder car lease program, provided, however, that the Surviving Corporation may replace any such plan or program with a Quanta or Surviving Corporation plan or program providing substantially similar benefits.
This Agreement (including the Schedules, exhibits and annexes attached hereto) and the documents delivered pursuant hereto constitute the entire agreement and understanding among the Stockholders, the Companies, Newco and Quanta and supersede any prior agreement and understanding relating to the subject matter of this Agreement, including, without limitation, that certain letter of intent dated June 26, 1998 by and among Quanta and UCCO, as amended or supplemented.
UCCO is a corporation duly organized, validly existing and in good standing under the Laws of the State of California and FPC is a corporation duly organized, validly existing and in good standing under the Laws of the State of Texas; and each Company is duly authorized and qualified to do business under all applicable Laws and to carry on its business in the places and in the manner as now conducted.
The authorized capital stock of UCCO consists solely of 100,000 shares of UCCO Stock, of which 40,923 shares are issued and outstanding.