But our former description of a citizen will admit of correction; for in some governments the office of a juryman and a member of the general assembly is not an indeterminate one; but there are particular persons appointed for these purposes, some or all of the citizens being appointed jurymen or members of the general assembly, and this either for all causes and all public business whatsoever, or else for some particular one: and this may be sufficient to show what a citizen is; for he who has a right to a share
in the judicial and executive part of government in any city, him we call a citizen of that place; and a city, in one word, is a collective body of such persons sufficient in themselves to all the purposes of life.
The aggregate consideration to be paid to the T shareholders consists of a set number of A shares
and a specified amount of cash, both of which are determined as of the definitive agreement date, are fixed and represent a total pool of consideration of equal stock/cash value (50% A stock and 50% cash).
Example 3: The facts are the same as in Example 1, except that, instead of exchanging T NQSOs for A shares
on the acquisition date, the T NQSOs remain in effect.
B made a cash tender offer for A's shares and sufficient A shares
had been tendered before the donation for the merger to be approved.