Initial Per definition
Examples of Initial Per in a sentence
The exercise price per share of Common Stock covered by the Initial Matching Options shall be equal to the Initial Per Share Price.
Subject to and upon the terms and conditions set forth in this Agreement, the Company shall sell and issue to the Purchaser, and Purchaser shall purchase from the Company, at the Initial Closing, 10 million Shares at the Initial Per Share Price for an aggregate purchase price of $20 million (the “Initial Purchase”).
The "Initial Per Share Amount" shall be the cash amount that is equal to the quotient of (i) (A) $50,000,000 plus (B) the aggregate exercise prices of all Vested Options less (C) the Cash Shortfall Amount divided by (ii) the number of Fully Diluted Shares.
The purchase price (the "Redemption Price") for each of the Unvested Shares to be redeemed under the Repurchase Obligation shall be the Initial Per Share Price for each Unvested Share (exclusive of any Unvested Distributed Securities); provided that, upon the redemption of the Unvested Shares, any Unvested Distributed Securities will then also be redeemed without the payment of any additional consideration therefor.
Parent shall deliver the applicable Initial Per Share Merger Consideration to those holders of Shares who shall have delivered to the Surviving Corporation at Closing a duly executed Share Letter of Transmittal and surrendered the applicable Certificate(s) (or affidavit of loss in lieu thereof) as provided in Section 3.4.
The “Final Per Share Purchase Price” shall equal the Initial Per Share Purchase Price as calculated in Section 2.5, unless otherwise adjusted pursuant to Section 2.6. The Final Per Share Purchase Price shall also be subject to adjustments for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the Execution Date.
The Articles of Merger shall specify the dollar amount of the Initial Per Share Payment.
Initial Per Participant Fee (as of Implementation Date) $ 30 * -------- Number of Participants: 331 Total Plan Assets: $1,950,300 Average Participant Account Balance $ 5,892 *Fee is subject to change pending verification of the number of participants and the plan's assets by Fidelity Investments.
Examples of the calculation of Common Share Amount, Newly Issued Shares Aggregate Purchase Price, Initial Common Shares Purchase Price, and Initial Per Share Merger Consideration are set forth at Exhibit M.
Upon surrender to the Exchange Agent of an Option together with such letter of transmittal, duly executed, the Exchange Agent shall promptly pay out to the Optionee the amount, rounded to the nearest cent, determined by multiplying (x) the amount by which the Initial Per Share Amount exceeds the exercise price per share subject to such Option and (y) the number of shares subject to such Option.