Shares of Class Sample Clauses
Shares of Class. A Stock of Employer distributed pursuant to the exercise of the Option shall be transferable by Employee, subject to Employee being required to hold shares of such Stock, with a Fair Market Value equal to not less than three times Employee's Annual Base Salary, while employed by Employer as its Chief Executive Officer, subject to any applicable legal requirements, and subject to any lockup restrictions specified by Employer's banker.
Shares of Class. E Preferred Stock shall be registered in the form of Depositary Shares representing a one-tenth fractional interest in a share of Class E Preferred Stock ("Depositary Shares") on such terms and conditions as may be provided for in any agreement binding upon the Corporation (whether directly or through merger with any other corporation).
Shares of Class. A Common Stock that are converted into shares of Class B Common Stock may not be reissued by the Corporation.
Shares of Class. A Preferred Stock may be registered in the form of Depositary Shares representing a one-tenth fractional interest in a share of Class A Preferred Stock on such terms and conditions as may be provided for in any agreement binding upon the Corporation (whether directly or through merger with any other corporation).
Shares of Class. A Common Stock and Class B Common Stock shall be treated equally, identically and ratably, on a per share basis, with respect to any dividends or distributions as may be declared and paid from time to time by the Board of Directors out of any assets of the Corporation legally available therefor; provided, however, that in the event a dividend is paid in the form of shares of Class A Common Stock or Class B Common Stock (or rights to acquire such shares), then holders of Class A Common Stock shall receive shares of Class A Common Stock (or rights to acquire such shares, as the case may be) and holders of Class B Common Stock shall receive shares of Class B Common Stock (or rights to acquire such shares, as the case may be), with holders of shares of Class A Common Stock and Class B Common Stock receiving, on a per share basis, an identical number of shares of Class A Common Stock or Class B Common Stock, as applicable. Notwithstanding the foregoing, the Board of Directors may pay or make a disparate dividend or distribution per share of Class A Common Stock or Class B Common Stock (whether in the amount of such dividend or distribution payable per share, the form in which such dividend or distribution is payable, the timing of the payment, or otherwise) if such disparate dividend or distribution is approved in advance by the affirmative vote of the holders of a majority of the outstanding shares of Class A Common Stock and Class B Common Stock, each voting separately as a class.
Shares of Class. B Stock shall be registered in the names of the beneficial owners thereof and not in "street" or "nominee" name. For this purpose, a "beneficial owner" of any shares of Class B Stock shall mean a person who, or an entity which, possesses the power, either singly or jointly, to direct the voting or disposition of such shares. The Corporation shall note on the certificates for shares of Class B Stock the restrictions on transfer and registration of transfer imposed by this Section III.
Shares of Class. A Stock shall not be transferred without the prior written consent of the Corporation, which the Corporation may withhold at its sole discretion.
Shares of Class. A Preferred Stock are being given to holders of outstanding indebtedness of this corporation with Redemption Prices equal to the amount of each such indebtedness and without any consideration agreements or accommodations in exchange therefor on the part of each recipient creditor. Any payments of the Redemption Price shall apply to reduce that indebtedness and any payments of that indebtedness through means other than payments of this Redemption Price shall operate to reduce the Redemption Price on the shares of the Class A Preferred Stock of that creditor pro rata, The shares of Class A Preferred Stock shall not be transferrable without the consent of this corporation and they shall secure the indebtedness of each recipient creditor that is outstanding on the date of their receipt hereof The holder thereof shall have no rights to enforce his, her or its security interest therein by foreclosure or otherwise, except as to dividends duly declared and the Redemption Price paid thereon. As the indebtedness secured thereby is paid, the total Redemption Price she be correspondingly reduced. Nothing associated with receipt and acceptance of the ownership of the shares of Class A Preferred Stock by any creditor shall limit, waive or infringe in any way upon his, her or its rights to enforce the indebtedness secured thereby, or any other collateral therefor on the same basis as if no such stock had been issued, received and accepted by him, her or it. When the indebtedness secured by any shares of Class A Preferred Stock has been paid along with all dividends due thereon, such shares shall be canceled automatically enforcing his rights as a shareholder.
Shares of Class. A Preferred Stock shall be convertible at any time into fully paid and nonassessable shares of Common Stock at a conversion price of $29.00 per share of Common Stock (the "Conversion Price"). For purposes of this Section 5, references to shares of Class A Preferred Stock shall apply equally to fractional shares thereof, but only to the extent that such fractional shares are integral multiples of 1/16 of one share. The Conversion Price shall be subject to adjustment from time to time as hereinafter provided. For purposes of such conversion, each share of Class A Preferred Stock will be valued at $400. No payment or adjustment shall be made on account of any accrued and unpaid dividends on shares of Class A Preferred Stock surrendered for conversion prior to the record date for the determination of stockholders entitled to such dividends or on account of any dividends on the shares of Common Stock issued upon such conversion subsequent to the record date for the determination of stockholders entitled to such dividends. If any shares of Class A Preferred Stock shall be called for
Shares of Class. A Common Stock, $.01 par value per share ("Stock"), of the Company and, at the election of the Underwriters, Adelphia Communications Corporation, a Delaware corporation ("Adelphia" or the "Selling Stockholder") proposes, subject to the terms and conditions stated herein, to sell to the Underwriters an aggregate of ..