Nonvoting Stock definition

Nonvoting Stock means the capital stock of any class or classes having no voting power to elect the directors of a corporation.

Nonvoting Stock means any class of MSCI capital stock not having the right to vote generally for the election of directors.

Nonvoting Stock means any class of Blockbuster' capital stock not representing the right to vote generally for the election of directors.

Examples of Nonvoting Stock in a sentence

• Each holder of First Command Common Stock, issued and outstanding immediately prior to the Effective Time, subject to and upon the terms and conditions of the Merger Agreement, will receive one share of Surviving Corporation Nonvoting Stock for each 25 shares of First Command Common Stock held by such shareholder.

• Accordingly, such holders of Class A Stock, as holders of Surviving Corporation Voting Stock, and Class A/B Shareholders that elect to receive Surviving Corporation Nonvoting Stock for their Class B Stock will be entitled to the tax treatment that shareholders of an S corporation receive under the federal tax laws.

• A Class A/B Shareholder may not elect to receive both the Class B Nonvoting Stock Consideration and the Class B Cash Consideration.

• Upon any such exercise of either Option, Blockbuster will, prior to the applicable Issuance Event Date, deliver to Viacom International, against payment therefor, certificates (issued in the name of Viacom International) representing the shares of Blockbuster Class B Common Stock or Nonvoting Stock, as the case may be, being purchased upon such exercise.

• The Nonvoting Stock Option may be exercised by Viacom International for a number of shares equal to or less than the number of shares that are necessary for the Viacom International to own, in the aggregate, 80 percent of each class of outstanding Nonvoting Stock.

More Definitions of Nonvoting Stock

Nonvoting Stock has the meaning provided therefor in the recitals hereto.

Nonvoting Stock means any class of Hertz' capital stock not representing the right to vote generally for the election of directors.

Nonvoting Stock means any class of Associates' capital stock not representing the right to vote generally for the election of directors.

Nonvoting Stock has the meaning set forth in the recitals of this Agreement.

Nonvoting Stock means the class of nonvoting common stock of the Company authorized pursuant to the Amended and Restated Charter.

Nonvoting Stock means any class of Nabisco capital stock not representing the right to vote generally for the election of directors.

Nonvoting Stock means collectively, the Nonvoting Common Stock and the B Convertible Preferred Stock.