Executed Equivalent Shares Sample Clauses
The Executed Equivalent Shares clause defines how the number of shares involved in a transaction is calculated or adjusted to reflect certain events or conditions. Typically, this clause specifies the method for determining the equivalent number of shares after actions such as stock splits, mergers, or conversions, ensuring that parties receive the correct value or proportion of shares. Its core function is to maintain fairness and accuracy in share allocations, preventing dilution or unintended changes in ownership percentages due to corporate actions.
Executed Equivalent Shares. For purposes of calculating each Historical CAT Assessment, executed equivalent shares in a transaction in Eligible Securities will be reasonably counted in the same manner as set forth in paragraph (a)(i)(B) of this Section 11.3.
Executed Equivalent Shares. For purposes of calculating CAT Fees, executed equivalent shares in a transaction in Eligible Securities will be reasonably counted as follows:
(I) each executed share for a transaction in NMS Stocks will be counted as one executed equivalent share;
(II) each executed contract for a transaction in Listed Options will be counted based on the multiplier applicable to the specific Listed Option (i.e., 100 executed equivalent shares or such other applicable multiplier); and
(III) each executed share for a transaction in OTC Equity Securities shall be counted as 0.01 executed equivalent share.