Common Proportionate Share definition
Common Proportionate Share means for each Stockholder, the quotient obtained when dividing (a) the total number of shares of Company Common Stock held by such Stockholder immediately prior to the Effective Time by (b) the total number of shares of Company Common Stock issued and outstanding immediately prior to the Effective Time.
Common Proportionate Share means for each Stockholder, the quotient obtained when dividing (a) the total number of shares of Company Common Stock held by such Stockholder immediately prior to the Effective Time (including, for the avoidance of doubt, the total number of shares of Company Common Stock into which any Company Stock Option held by such Stockholder is exercisable immediately prior to the Effective Time, but excluding all shares of Contributed Company Common Stock) by (b) the total number of shares of Company Common Stock issued and outstanding immediately prior to the Effective Time (including, for the avoidance of doubt, the total number of shares of Company Common Stock into which all vested Company Stock Options that are exercisable into immediately prior to the Effective Time, but excluding all shares of Contributed Company Common Stock).
Common Proportionate Share shall, for each outstanding share of Company Common Stock, be the number, expressed as a decimal, obtained by dividing one (1) by the Number of Outstanding Common Shares.
Examples of Common Proportionate Share in a sentence
As soon as practicable following the 12-month anniversary of the Closing, the Stockholder Representative shall disburse the balance of the Stockholder Representative Expense Account to the Paying Agent for further distribution to the Stockholders in accordance with their respective Common Proportionate Share.