$0.01 Share definition

$0.01 Share means each share of Company Stock subject to issuance pursuant to the $0.01 Securities, assuming that the $0.01 Securities had been exercised in full on a cash basis immediately prior to the Effective Time.
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Examples of $0.01 Share in a sentence

  • Next, following the payment in full of the amounts pursuant to Paragraphs 1, 2, 3 and 4 of this Schedule X, and before the payment of any other Merger Consideration in respect of any other Company Stock, Company Options or Company Warrants, an amount equal to $0.533 shall be paid with respect to (i) each share of Company Stock outstanding immediately prior to the Effective Time, (ii) each Series B Warrant Share, (iii) each $0.01 Share, and (iv) each $0.967 Share.

  • Thus, the number of Payout Share Units for a Tranche of Performance RSUs and related Dividend Equivalents that vested pursuant to Section 5.2 or Section 5.5(a) and is not forfeited prior to settlement pursuant to Section 4 will be the Payout Percentage of the number of target Share Units in the Tranche, rounded to the nearest one-hundredth with 0.005 Share Units being rounded upward to 0.01 Share Units).