UIC Stock definition

UIC Stock means only the equity securities of UIC that satisfy the definition of “Settlement Common Stock” set forth in ANCSA, and includes all classes of such securities as authorized by UIC’s Articles of Incorporation, as amended.
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Examples of UIC Stock in a sentence

  • Each Trust Unit shall also be structured to resemble as closely as possible the terms and conditions of the corresponding share of UIC Stock.

  • In the event that UIC’s shareholders approve an ANCSA Merger, then the Beneficiaries of this Trust shall be the holders of the UIC Stock, determined as of the day prior to the effective date of the ANCSA Merger.

  • The number of Trust Units that each Beneficiary owns shall be exactly equal to the number of shares of UIC Stock (including factional shares) owned by such Beneficiary so that the total number of Trust Units outstanding shall equal the total number of shares of UIC Stock then outstanding.

  • Except with regard to (i) such terms and conditions, (ii) the fact that a given Trust Unit may from time to time be non-voting (because the corresponding share of UIC Stock is not then voting) and (iii) the fact that the various types of distributions and benefits authorized by this Trust Agreement may be made from time to time only to the specific sub-groups of Beneficiaries identified in this Trust Agreement for a given type of distribution, the Trust Units shall in all other manners be equivalent.

  • Thereafter, Trust Units may be transferred only to the extent and in the manner that UIC Stock could be transferred on the day prior to the record day upon which such additional UIC securities are issued.

  • For each share of UIC Stock outstanding there shall be one corresponding Trust Unit.

  • In the event there is a Sale of UIC (as defined in Section 4.1(b)(iii)(w-z) of the UIC Stock Option Agreement), vesting of options will be accelerated as provided in the UIC Stock Option Agreement.

  • Except as set forth in this Trust Agreement, the Beneficiaries of this Trust shall be all holders of the Settlement Common Stock of UIC (“UIC Stock”), regardless of whether the UIC Stock held by a person shall have voting rights.

  • For all purposes of this Trust Agreement, the Trust Units shall be either voting or non-voting, depending on whether the corresponding share of UIC Stock is voting or non-voting pursuant to UIC’s Articles of Incorporation, as amended, and ANCSA.

  • The provisions of this Section 6.1.3 are not intended to describe a priority or preferred distribution, and distributions described in Section 6.1.1, Section 6.1.2, 6.1.4, 6.1.5, 6.1.6, 6.1.7 and/or 6.2 may be made regardless of whether any distribution is ever made pursuant to this Section 6.1.3. Notwithstanding any other provision of this Trust Agreement, a Bereavement Benefit may be provided only on account of the death of a Beneficiary holding UIC Stock that has voting rights pursuant to ANCSA.