ARTICLE III EFFECT OF THE MERGER ON CAPITAL STOCK | clook law - 契約書のデータベース

AGREEMENT AND PLAN OF MERGER - Twitter, Inc., X Holdings I, Inc., X Holdings II, Inc., Elon R. Musk

ARTICLE III EFFECT OF THE MERGER ON CAPITAL STOCK


(c) Company RSAs. At the Effective Time, each Company RSA that is outstanding immediately prior to the Effective Time shall be canceled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the total number of shares of Company Common Stock subject to such Company RSA and (ii) the Merger Consideration (the “Unvested RSA Consideration”). Subject to the holder’s continued service with Parent and its Affiliates (including the Surviving Corporation and its Subsidiaries) through the applicable vesting dates, such Unvested RSA Consideration will vest and become payable at the same time as the Company RSA from which such Unvested RSA Consideration was converted would have vested and been payable pursuant to its terms and shall otherwise remain subject to the same terms and conditions as were applicable to the underlying Company RSA immediately prior to the Effective Time; provided that the Company shall be permitted to accelerate the vesting of any unvested Company RSA if the holder thereof would be subject to Taxes in connection with the Closing as a result of the treatment contemplated by this Section 3.3(c).
【参考訳】(c) 会社のRSA。効力発生時間において、効力発生時間直前に未だ有効な各会社RSAは、キャンセルされ、その会社RSAに対応する会社普通株の総数と合併対価との積と等価な現金額(利息無し)(以下、「未発生RSA対価」)を受け取る権利に変換される。保有者が親会社及びその関連会社(存続会社及びその子会社を含む)との間の継続的なサービスに従事し続ける場合、この未発生RSA対価は、該当の未発生RSA対価が変換された会社RSAがその条項に従って権利が発生し、支払われるべきだった同じ時期に権利が発生し、支払われる。ただし、その保有者がクロージングに関連してこのセクション3.3(c)により予定されている取扱いの結果、税金を課される場合、会社は未発生の会社RSAの権利発生を早めることが許される。

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