Examples of HBI Option in a sentence
For the avoidance of doubt, the intent of this Section 1.11 is to convert an HBI Option into an option to acquire at an exercise price adjusted for the Exchange Ratio the same number of shares of TCB Stock that such holder of HBI Options would have received if such HBI Options had been exercised immediately prior to the consummation of the Merger.
The exercise price of each such Converted Stock Option will be equal to the quotient (rounded up to the nearest whole cent) obtained by dividing (y) the exercise price per share of the HBI Option immediately prior to the Effective Time by (z) the Exchange Ratio.
The number of shares of TCB Stock subject to each such Converted Stock Option will be equal to (a) the product (rounded up to the nearest whole share) obtained by multiplying (w) the number of shares of HBI Stock subject to the HBI Option immediately prior to the Effective Time by (x) the Exchange Ratio, and (b) such product, shall be rounded, as applicable, to the nearest whole share (with 0.50 being rounded upward).
Trade in these agricultural commodities has a significant impact on the growth of the agricultural sector and hence on incomes, employment and food security.
The Exchange Options to be received by the HBI Option holders shall be subject to proportional adjustment under Section 2.1(b) of this Agreement; provided, however, that the obligation to assume the HBI Options by Sterling is conditioned upon receipt of copies of all executed outstanding options as disclosed on Annex 2.1(c) and receipt of agreements from each of the holders of HBI Options to accept the Exchange Options in exchange therefor.
The percentage role distribution of presenter’s tag questions In terms of call context, we see that the majority of tag questions occur during the main flow of the call in the topic development stage.