Conversion Methodology. If the Committee makes the election contemplated by Section 4(a), the Award, or applicable portion thereof, will be converted into a number of Equity Awards by dividing the dollar amount of the Award or applicable portion by the Fair Market Value (such term, as well as any other capitalized terms used in this Section 4 and not otherwise defined in this Agreement, as defined in the Plan) as of the Conversion Date.
Appears in 2 contracts
Sources: Deferred Cash Unit Award Agreement (Legg Mason, Inc.), Deferred Cash Unit Award Agreement (Legg Mason, Inc.)