PBC Fully Diluted Book Value Per Share definition
PBC Fully Diluted Book Value Per Share means the sum of (a) shareholders' equity as reflected on the financial statements to be provided by PBC to GBB pursuant to Section 11.15, plus (b) the consideration to be paid upon the exercise of any PBC Stock Option then issued and outstanding, divided by the sum of (y) the number of shares of PBC Stock then issued and outstanding, plus (z) such number of shares of PBC Stock issuable upon the exercise of any PBC Stock Option.
Examples of PBC Fully Diluted Book Value Per Share in a sentence
At the close of business on the last day of the month preceding the Effective Time of the Merger, after giving effect to any dividends paid pursuant to Section 6.1(b) hereof, the PBC Fully Diluted Book Value Per Share, as determined in accordance with such financial statements, shall be not less than $20.25.