Examples of Parent Share in a sentence
No fraction of a Parent Share will be issued by virtue of the Merger or the transactions contemplated hereby.
In connection with the Merger, the Company and Members have agreed (a) to pay at the Closing transaction bonuses to certain employees of the Company, as set forth on Schedule 1.12 (the “Transaction Bonuses”), and (b) that a portion of the Transaction Bonuses payable to certain employees (the “Bonus Share Recipients”) will be paid by the delivery of an aggregate of 14,618 Parent Shares (“Bonus Shares”) that would otherwise have been included in the Parent Share Consideration.
Members and the Company hereby authorize and direct Parent to withhold the Bonus Shares from the Parent Share Consideration, and issue and deliver the Bonus Shares to the Bonus Share Recipients (in the respective amounts set forth on Schedule 1.12) at the Closing, on behalf of the Company in payment of Transaction Bonuses.
In the event that a Member would receive a fractional Parent Share, Parent will pay the cash value of such fractional share to such Member (as determined based on the Parent Share Price).
For purposes of calculating the number of Bonus Shares issued in payment of Transaction Bonuses, the Bonus Shares shall be deemed to have a per share value equal to the Parent Share Price (and the aggregate value of the Bonus Shares, which is $1,574,650.96, is referred to as the “Bonus Share Value”).