Formula Price definition

Formula Price means the highest of: (a) the highest composite daily closing price of the Stock during the period beginning on the 60th calendar day prior to the Change of Control and ending on the date of such Change of Control, (b) the highest gross price paid for the Stock during the same period of time, as reported in a report on Schedule 13D filed with the Securities and Exchange Commission, or (c) the highest gross price paid or to be paid for a share of Stock (whether by way of exchange, conversion, distribution upon merger, liquidation or otherwise) in any of the transactions set forth in Section 9 of the Plan as constituting a Change of Control; provided that in the case of the exercise of any such Right related to an Incentive Stock Option, “Formula Price” shall mean the Fair Market Value of the Stock at the time of such exercise.

Formula Price as of any date means the value per share of Common Stock in effect on that date, as determined by the Board.

Formula Price means the product of 92.5% ------------- times the mean average of the 15 closing sale prices of the Common Stock, as reported by the Nasdaq National Market, for the 15 consecutive trading days ending on and including June 17, 1999; i.e., the Formula Price is $3.973.

Examples of Formula Price in a sentence

• Terms of the Notes: Initial Principal Amount Interest Rate or Formula Price to Public [Class ] [Class ] [Class ] Interest Payment Dates: , , and , commencing , .

• Terms of the Class [ (201 - )] Notes: Initial Principal Amount Interest Rate or Formula Price to Public Interest Payment Dates: , , and , commencing , .

• MT5 Trading Platform Formula: Price difference * Contract size * net volume.

• Table 13: Remuneration of Functional Directors for the Financial Year 2016-17(Amount in `)Name of DirectorDesignationSalaryBenefits*PerformanceRelated Pay (PRP)** for the Financial Year2014-15TotalShri K.M. SinghChairman and Managing Director25,62,7448,30,7983,10,91837,04,460Shri Balraj JoshiDirector (Technical)24,83,44215,01,7053,92,44843,77,595Shri R.

• Key Employees holding Restricted Stock on the date of an Acceleration Event may tender such Restricted Stock to the Company which shall pay the Formula Price as that term is defined in Section 9; provided, such Restricted Stock must be tendered to the Company within 60 calendar days of the Acceleration Event.

More Definitions of Formula Price

Formula Price has the meaning set forth in Section 3.4 (a).

Formula Price means the lower of: (i) the Market Price; and (ii) the Closing Price on the Commencement Date, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

Formula Price means the price per share of Common Stock as established by the Board from time to time.

Formula Price means the sum of the following amounts:

Formula Price means the greater of (I) the aggregate principal amount of the applicable Convertible Notes or the liquidation preference of the Preferred Shares, as applicable, being repaid through the date of consummation of the prepayment (as specified in Section 3.6 below) and (II) the sum of (x) the product of (i) the number of shares of Common Stock into which the Convertible Instruments being redeemed are then convertible at the then current Conversion Price and (ii) the average Closing Bid Price for the five (5) Trading Days ending two (2) Business Days immediately preceding the applicable date of consummation of the redemption as specified in Section 3.6 below, and (y) the applicable amount of accrued but unpaid interest on the Convertible Notes or dividends on the Preferred Shares, as applicable, being repaid through the date of consummation of the prepayment (as specified in Section 3.6 below)."

Formula Price means, with respect to any day:

Formula Price means the highest of the following: (i) the highest composite daily closing price of The Hartford stock during the 60 calendar day period preceding the date of the Change of Control, (ii) the highest gross price paid for such stock during the foregoing period, as reported in a report on Schedule 13D filed with the Securities and Exchange Commission, or (iii) the highest gross price paid or to be paid for such stock (whether by exchange, conversion, distribution upon merger, liquidation or otherwise) in any of the transactions constituting a Change of Control.