Initial Market Cap definition
Initial Market Cap means (A) $9 multiplied by (B) the number of Initial Shares outstanding on the Effective Date.
Initial Market Cap means (A) the closing price per share of the Class A Common Stock on the Effective Date multiplied by (B) the number of Initial Shares outstanding on the Effective Date.
Initial Market Cap means (A) the per share price of the Company’s Common Stock as of the date on which shares of the Company’s Common Stock are listed on a national securities exchange multiplied by (B) the number of (i) Initial Shares outstanding on such date less (ii) the total number of shares of Common Stock tendered to the Company in connection with the Company’s tender offer that was announced on March 1, 2012, such calculation to be performed by no later than within 30 to 60 days following the completion of such tender offer.
Examples of Initial Market Cap in a sentence
On the Grant Date the Service Provider was granted in the aggregate 3,975,000 LTIP units of the Operating Subsidiaries (which had an aggregate Fair Market Value determined as of the Effective Date equal to five percent (5%) of the Initial Market Cap) (the “Operating Subsidiary LTIP Units”).
The amount of the A ▇▇▇▇ shall be equal to 1.5% of the higher of (i) the Initial Market Cap, {ii) the average closing value of the Market Capitalization of the Company for the 20 days before the Event; or (iii) the per share price allocated to the shares of the Company in any documents executed by the Company in connection with an Event.
More Definitions of Initial Market Cap
Initial Market Cap means the market capitalisation of the Company at the date of Admission, subject to adjustment to take account of any dividends paid by the Company, and if there is a variation of share capital or other corporate event applying to the Company such that the remuneration committee determines that an adjustment would be appropriate;
Initial Market Cap means (A) the VWAP multiplied by (B) the number of Initial Shares outstanding on the Effective Date.