Minimum Share Price definition

Minimum Share Price has the meaning set forth under Section 4.07(f)(iii).

Minimum Share Price means, as of any date of determination, the greater of (a) the Original Conversion Price (subject to adjustment herein) and (b) the VWAP on the Trading Day immediately preceding the applicable date of determination.

Minimum Share Price means $[***]. The Minimum Share Price shall be automatically adjusted to reflect any stock dividends, splits, reverse splits, or similar action with respect to the EL Common Stock included in the Common Stock Collateral which may occur on or after the Closing Date; provided, however, that the Minimum Share Price shall never be less than $[***].

Examples of Minimum Share Price in a sentence

• The relevant reference price for the calculation of the Minimum Share Price Increase is the volume-weighted average share price of the Company in XETRA (or a system with similar functions that replaces XETRA) on the Frankfurt Stock Exchange during the last three months prior to the expiry of the relevant three-year period.

• The Administrative Board may, by individual contract or in the option conditions, raise the Minimum Share Price Increase to 20 %, which is to be measured either within the above-mentioned Performance Period or for the entire waiting period.

• If the Minimum Share Price Increase is not achieved, the Share Options are forfeited without replacement.

• In the event that Executive sells the Applicable Shares upon a Change in Control, the Company will pay Executive on the six (6)-month anniversary of the date of the Change in Control a bonus equal to the amount, if any, by which (i) the product of (A) the number of Applicable Shares and (B) the Minimum Share Price as of the Change in Control date exceeds (ii) the actual gross proceeds from the sale of the Applicable Shares.

• As of the Three-Month Anniversary, a number of the Earned Qualifying Termination PSUs, if any, shall vest in an amount equal to the lesser of (i) such number of Earned Qualifying Termination PSUs, if any, and (ii) the number of Target PSUs. Any Earned Qualifying Termination PSUs that do not vest in accordance with the foregoing sentence shall remain outstanding and eligible to vest on the Expiration Date, subject to the attainment of the Minimum Share Price Goal (determined in accordance with Exhibit B).

More Definitions of Minimum Share Price

Minimum Share Price shall equal $0.05 per share, or such lower number as the Investor may determine at its sole discretion.

Minimum Share Price. The minimum share price, determined by the average closing sales price of the Common Stock for the twenty trading days immediately following the public release of actual earnings by the Company for the quarter in question or, in the case of the fourth quarter, the public release of actual annual earnings, for calendar quarters during 2000, 2001 and 2002 shall be as follows: Year Q1 Q2 Q3 Q4 2000 $15.44 $16.52 $17.60 $18.67 2001 $20.08 $21.48 $22.88 $24.28 2002 $24.88 $25.49 $26.10 $26.70

Minimum Share Price over a specified time period shall mean the average per share closing price of the Common Stock over such period; provided, that in the event of any change in the shares of capital stock of Franklin by reason of any stock dividend, stock split, recapitalization, reorganization, merger, consolidation, split-up, combination, exchange of shares or similar change affecting the shares, the Minimum Share Price shall be appropriately adjusted consistent with such change in such manner as is equitable to carry out the intent of the parties hereunder.

Minimum Share Price means $15.44, subject to adjustment as provided herein.

Minimum Share Price means the relevant price specified in the Fee and Ratio Letter. “Multiemployer Plan” shall mean a multiemployer plan (as defined in Section 4001(a)(3) of ERISA).

Minimum Share Price has the meaning ascribed to it in Section 7.5(a);

Minimum Share Price means average of the daily VWAP of the Common Shares on the Principal Market during regular trading hours as reported by Bloomberg L.P., for each of the 5 consecutive Trading Days immediately prior to the date of each Request.