Company Closing Price definition

Company Closing Price means the volume weighted average closing trading price of a share of Company Common Stock for the five consecutive trading days ending five trading days immediately prior to the date upon which the Merger becomes effective.

Company Closing Price means the weighted average trading price per share of the Company Common Stock on the New York Stock Exchange (composite transactions list) for all transactions occurring on the Closing Date. If the Aggregate Cash Amount as so calculated would exceed 60% of the Aggregate Consideration, the Company shall decrease the Cash Election Number thereby increasing the aggregate number of shares of IRT Common Stock to be exchanged for Company Common Stock in the Merger at the Exchange Ratio on a proportionate basis such that the Aggregate Cash Amount would not exceed 60% of the Aggregate Consideration (the "Tax Adjustment").

Company Closing Price means the closing price for a share of Company Common Stock on the NASDAQ (as reported in The Wall Street Journal, or, if not reported thereby, any other authoritative source) on the Business Day immediately preceding the Closing Date. Parent shall issue (or cause to be issued) the Company Stock Option Consideration as determined in accordance with this Section 2.3(a) to such holder as soon as practicable (and no later than thirty (30) days) following the Effective Time. The right of a holder of any Company Stock Option to receive the Company Stock Option Consideration shall be subject to and reduced by the amount of any withholding under the Code or any provision of federal, state, local or foreign Tax Laws as described above.

Examples of Company Closing Price in a sentence

• The Company will then measure Company performance by dividing the Company Closing Price by the Company Baseline Stock Price, with the quotient expressed as a percentage of the Company Baseline Stock Price (the “Company Percentage Performance”).

• The Compensation Committee will then measure Company performance by dividing the Company Closing Price by the Company Baseline, with the quotient expressed as a percentage of the Company Baseline (the “Company Percentage Performance”).

• In the event the Company is acquired in a merger or asset sale pursuant to which this RSU is assumed or substituted pursuant to Plan Section 19(c) (a “Change of Control”), then if the performance period has not been completed as of the date of the Change of Control, the Company Closing Price shall be deemed to be the price per share received by the Company's stockholders in the Change of Control.

• Relative Performance Percentages shall result in incremental vesting on a straight-line basis within tiers based on full percentage Relative Performance Percentages as set forth below: General Rules The Company Closing Price shall be automatically adjusted to account for any Company stock split or similar change in capitalization effected without receipt of consideration by the Company set forth in Plan Section 19(a) in the same manner as set forth in Plan Section 19(a).

• The "Aggregate Consideration" shall be equal to the sum of (i) the number of shares of Company Common Stock to be issued in the Merger times the Company Closing Price, plus (ii) the Aggregate Cash Amount.

More Definitions of Company Closing Price

Company Closing Price has the meaning assigned to such term in Section 3.1(e).

Company Closing Price means the last reported sale price of the Company Common Stock on the NYSE on the Closing Date; (iii) “Parent Closing Price” means the last reported sale price of the Parent Common Stock on the NYSE on the Closing Date; and (iv) “Conversion Ratio” means the sum of (x) the Exchange Ratio and (y) the quotient obtained by dividing (1) the Per Share Cash Consideration by (2) the Parent Closing Price.

Company Closing Price means the average, rounded to the nearest one hundredth of a cent, of the closing sales prices of shares of Company Common Stock on the NYSE as reported by The Wall Street Journal for the five trading days immediately preceding the date on which the Effective Time occurs.

Company Closing Price means the volume-weighted average closing sale price of a share of Company Common Stock as reported on the Nasdaq for the fifteen (15) consecutive full trading days (in which such shares of Company Common Stock are traded on the Nasdaq) ending at the close of trading on the full trading day immediately preceding the Closing Date.

Company Closing Price means $0.4904. ---------------------

Company Closing Price has the meaning ascribed to it in Schedule 1.6. “Company Common Stock” has the meaning ascribed to it in Section 1.6(a). “Company Designee” has the meaning ascribed to it in Schedule 1.6.

Company Closing Price means an amount equal to $4.00, but adjusted as follows: