Unit Stock definition
Examples of Unit Stock in a sentence
This instrument, when executed by the Grantee, together with the Notice of Restricted Unit Stock Bonus Award and Agreement constitute an agreement between the Corporation and the Grantee.
For the purposes of this Agreement, “No Election Unit” means each Common Unit for which no election to receive Per Unit Mixed Consideration, Per Unit Cash Election Consideration or Per Unit Stock Consideration has been properly made and received in accordance with the terms of this Section 2.3. For the avoidance of doubt, for purposes of this Section 2.3, references to Common Units shall include, or be deemed to include, Restricted Units.
Any transfer that would otherwise be permitted under the terms of this Plan is prohibited unless the transferee executes such documents as the Company may reasonably require to ensure that the Company’s rights under a Unit Stock Agreement and the Plan are adequately protected with respect to the Stock Units so transferred.
This Agreement, when executed by the Grantee, together with the Notice of Restricted Unit Stock Bonus Award and Agreement constitute an agreement between the Corporation and the Grantee.
Unless sooner terminated by the Board of Directors, the Plan shall terminate at the close of business on June 22, 2007, and no Option, Stock Appreciation Right, Restricted Stock Award, Stock Unit, Stock Bonus, other Award or Stock shall be granted, or offer to purchase Stock made, after such termination.
Notwithstanding anything to the contrary set forth herein, the transfer restrictions contained in Section 8(a) and 8(b) shall terminate as to any Person (including any underwriter), other than an Affiliate of the Purchaser, acquiring Unit Stock from the Purchaser or an Affiliate of the Purchaser in a transfer made in accordance with Section 8 hereof.
As of the Execution Date, Parent is eligible to register the resale of the shares of Parent Common Stock comprising the Per Unit Stock Consideration under Form S-3 promulgated under the Securities Act.
Each share of Company Capital Stock (excluding Cancelled Shares, which shall be treated in the manner set forth in Section 1.3(a)(ii)), issued and outstanding as of immediately prior to the Effective Time shall be cancelled and automatically converted into the right to receive, subject to and in accordance with Section 1.4, (A) an amount in cash, without interest, equal to the Per Unit Cash Consideration, and (B) a number of shares of Acquirer Common Stock equal to the Per Unit Stock Consideration.
The foregoing Unit Stock Purchase Agreement is hereby executed as of the date set forth above.
In the event of any conflict in the definition of "Cause" as set out in Section 3.1 (b) of this Agreement and any definition of Cause as set out in any Restricted Unit Stock Award Notice ( a "RSU Agreement") hereafter to be signed by the parties hereto, the definition of Cause as found in this Agreement shall prevail and be deemed binding on the parties.