Common use of Manner of Converting Shares Clause in Contracts

Manner of Converting Shares. Subject to the terms, conditions, and limitations set forth herein, upon surrender of his or her certificate or certificates, each holder of shares of Company Common Stock shall be entitled to receive, in exchange for each share of Company Common Stock held of record by such stockholder as of the Effective Date, that number of shares of the common stock of Zions Bancorp, no par value (the "Zions Bancorp Stock") calculated by dividing 710,000 by the total number of shares of Company Common Stock that shall be issued and outstanding at the Effective Date.

Manner of Converting Shares. (a) Subject to the terms, conditions, and limitations set forth herein, upon surrender of his or her certificate or certificates, each holder of shares of Company Common Stock shall be entitled to receive, in exchange for each share of Company Common Stock held of record by such stockholder as of the Effective Date, that number of shares of the common stock of Zions Bancorp, no par value (the "Zions Bancorp Stock") Stock calculated by dividing 710,000 the product of the Consideration Number and the Collar Factor by the total sum of the number of shares of Company Common Stock that shall be issued and outstanding at the Effective DateDate and the Option Equivalent Number.

Manner of Converting Shares. Subject to the terms, conditions, and limitations set forth herein, upon surrender of his or her certificate or certificates, each holder of shares of Company Common Stock shall be entitled to receive, in exchange for each share of Company Common Stock held of record by such stockholder as of the Effective Date, that number of shares of the common stock of Zions Bancorp, no par value (the "Zions Bancorp Stock") calculated by dividing 710,000 608,000 by the total number of shares of Company Common Stock that shall be issued and outstanding at the Effective Date.

Manner of Converting Shares. Subject to the terms, conditions, and limitations set forth herein, upon surrender of his or her certificate or certificates, each holder of shares of Company Common Stock shall be entitled to receive, in exchange for each share of Company Common Stock held of record by such stockholder as of the Effective Date, that number of shares of the common stock of Zions Bancorp, no par value (the "Zions Bancorp Stock") calculated by dividing 710,000 573,135 by the total number of shares of Company Common Stock that shall be issued and outstanding at the Effective Date.