Adjusted Shares definition
Adjusted Shares shall have the meaning set forth in Section 11(a)(ii) hereof.
Adjusted Shares means the number of shares of Class A Common Stock equal to the product of (x) the Investor’s Original Shares, multiplied by (y) the quotient of (1) the Trigger Price in effect immediately prior to a Dilutive Issuance, divided by (2) the Trigger Price in effect immediately after such Dilutive Issuance. Any Adjusted Shares issued under this Agreement shall be deemed to be “Shares.”
Adjusted Shares means, for each of HITN, ISA, Clearwire and each NextNet Stockholder (or their respective Permitted Transferees), the number obtained by dividing (x) such Stockholder's Original Shares by (y) the product of (1) the Trigger Price in effect immediately prior to such issue multiplied by (2) the Adjustment Ratio.
Examples of Adjusted Shares in a sentence
As used herein, the term Award Shares include any corresponding Adjusted Shares.
As used herein, the term “Award Shares” includes any related Adjusted Shares.
The Company shall retain the custody of each certificate for the Adjusted Shares pursuant to Section 4(b) above.
The Company shall retain the custody of each certificate for the Adjusted Shares pursuant to Section 3 above.
The Company shall not issue and sell or agree to issue and sell New Shares to a ▇▇▇▇▇ Entity for consideration per share that is less than the Trigger Price in effect immediately prior to such issue (each, a "Dilutive Issuance"), unless the Company concurrently issues to each of HITN, ISA, Clearwire and each NextNet Stockholder (or their respective Permitted Transferees) for no consideration a number of New Shares equal to (i) such Stockholder's Adjusted Shares less (ii) such Stockholder's Original Shares.
More Definitions of Adjusted Shares
Adjusted Shares means (A) the number of the PRSU Shares that is equal to 100% of the number of the Target PRSU Shares, if the Recipient’s branch achieves its branch-wide operating profit goal for the Measurement Period as decided by the Committee; or (B) 0, if the Recipient’s branch does not achieve its branch-wide 2018 operating profit goal as decided by the Committee. (C). Representative Example. Without prejudicing any of the foregoing, including the Committee’s absolute discretion under Section (B) above, the parties agree on the following representative (and non-exhaustive) example for the Specific Performance Goals:9 If the number of the Target PRSU Shares is 100 shares, then the number of the PRSU Shares is 100 shares. Under this example, if the Recipient’s branch achieves its branch-wide operating profit goal for the Measurement Period as decided by the Committee, then the number of the Adjusted Shares is 100 shares. As a result, the number of the Vested Shares is 100 shares, and 25 shares will vest on each of the Vesting Start Date and the first, second and third anniversaries of the Vesting Start Date. 8 Subject to Section 2(A)(z) of this Agreement, in case of a Sale Event during the Measurement Period, the Specific Performance Goals hereunder shall continue to apply to the PRSUs assumed, continued or substituted upon the Sale Event. 9 No fractional shares will be issued or delivered pursuant to any Award, and therefore, any fractional shares may be forfeited or otherwise eliminated as determined by the Committee. As a result, the decimal fractions of the number of the Vested Shares presented in the examples below are rounded down to the nearest whole number.
Adjusted Shares shall have the meaning assigned to it in SECTION 8 hereof.
Adjusted Shares mean the number of Shares subject to the grant equitably adjusted for any increase or decrease in the number of issued Company shares resulting from a stock split or any other increase or decrease in the number of issued shares effected without payment or receipt of consideration by the Company.
Adjusted Shares has the meaning set forth in Section 3.2(b).
Adjusted Shares shall have the meaning set forth in Section 11(a).
Adjusted Shares means the number of shares of Class A Common Stock equal to the product of (x) the Purchaser's Original Shares, multiplied by (y) the quotient of (1) the Trigger Price in effect immediately prior to a Dilutive Issuance, divided by (2) the Trigger Price in effect immediately after such Dilutive Issuance. Any Adjusted Shares issued under this Agreement shall be deemed to be "Shares."
Adjusted Shares means the number of shares of CEC Common (assuming full exercise of all Option Shares) at the time of the exercise of the Option, exclusive of (i) any shares of CEC Common issued or issuable pursuant to the Supplemental Option or the ▇▇▇▇▇▇▇ Option; (ii) any shares of CEC Common issued to the management of CEC pursuant to any stock option plans duly adopted by the Board of Directors from time to time; and (iii) any shares of CEC Common sold at a price equal to the market value of such shares (as reasonably determined by the Board of Directors of CEC) to any Person who is not affiliated with any of the Existing Stockholders. For purposes hereof, if CEC issues any Option Securities or CEC Common in connection with the issuance of any shares of preferred stock of CEC (or any other capital stock with a preference as to dividends or liquidation), such Option Securities and any CEC Common issuable upon the exercise, exchange or conversion thereof shall be deemed to have been issued at market value (regardless of the stated exercise, exchange or purchase price of such CEC Common) if the Board of Directors reasonably determines that the total price paid for all such equity securities (including the Option Securities, preferred stock and CEC Common) equals the market value of the portion of total capitalization represented by all such equity securities. It is hereby acknowledged that all CEC Common issuable in connection with the Warrant (along with any Penalty Warrants issued from time to time) issued to Electra Investment Trust PLC and Electra Associates, Inc. (collectively, "ELECTRA") or their respective successors or assigns pursuant to the Securities Purchase Agreement of even date herewith among CEC and Electra constitute shares of CEC Common issued at market value for purposes of this Agreement.