Example No. 3 Sample Clauses
Example No. 3. If during a single year agreement, ▇▇▇▇ ▇▇▇ works fifty weeks and used one week of vacation and one week of sick leave and all fifty-two weeks have been billed to DHS, the remaining unused two weeks of vacation and seven days of sick leave may not be claimed as an allowable cost. CMS 02 (02102) Page 18 of18 41 County of Santa ▇▇▇▇
Example No. 3. The Value of the Stock at the time that Knuppe tenders the Series A Units for redemption is $1.00 per share of Stock, and Parent elects to acquire all of the Tendered Series A Preferred Units in exchange for Stock. The Series A Preferred Redemption Amount payable with respect to each Series A Unit would be equal to the sum of the Series A Preferred Capital ($116.1639629083) plus the Value of a share of Stock ($1.00), or $117.1639629083. The total cash amount that would be payable with respect to such redemption (but for Parent’s election to issue Stock in exchange for the Series A Units) would be equal to the product of the total number of Series A Units (989,980) multiplied by the Series A Preferred Redemption Amount ($117.1639629083), or $115,989,980.00. Parent would have the obligation to issue 115,989,980 shares of Stock with respect to the redemption. 100,000,000 of the shares of Stock (representing the $100,000,000.00 balance owing under the Promissory Note) would be applied to the satisfaction of the Promissory Note and 15,898,980 of the shares of Stock would be issued to Knuppe. Because the total number of shares being issued is 115,989,980, the Maximum Shares of Stock limitation would not apply. Knuppe would receive consideration in exchange for the Series A Units of $100,000,000 (through the satisfaction of the Promissory Note) plus shares of Stock having a total Value of $15,989,980.00, for total consideration of $115,989,980.00.