Proper Documentation. If the Paying Agent determines that any Letter of Transmittal has not been properly completed or executed, or that a Certificate is not in proper form for surrender, or if any other irregularity in connection with the surrender exists, the Paying Agent shall be entitled to consult with Imation for further instructions and may reject the Certificate(s). Stockholders entitled to payment in excess of $500,000 may be contacted directly by the Paying Agent and requested to provide any missing or incomplete information. If there are any discrepancies between the number of shares of capital stock of the Company that any Letter of Transmittal, Certificate or other supporting document may indicate are owned by a stockholder and the number of shares of capital stock of the Company that the stockholder list indicates such stockholder owned of record, the Paying Agent shall consult with Imation for instructions as to the number of shares of capital stock of the Company, if any, it is authorized to accept for payment, and shall, except as thereafter directed in writing by Imation, continue to hold any Certificates and other documents surrendered in connection therewith.
Appears in 2 contracts
Sources: Agreement and Plan of Merger (Imation Corp), Agreement and Plan of Merger (Imation Corp)