Net Share definition
Net Share means the gross share less the liabilities, if any, which are properly deductible from the gross share of an heir, beneficiary, surviving joint tenant, or transferee. The law of abatement of shares may be applicable for purposes of determining the net share subject to tax. See Iowa Code section 633.436; In re Estate of Noe, 195 N.W.2d 361 (Iowa 1972); Colthurst v. Colthurst, 265 N.W.2d 590 (Iowa 1978); In re Estate of Duhme, 267 N.W.2d 688 (Iowa 1978). However, see Iowa Code section 633.278 for property subject to a mortgage.
Net Share means, with respect to a Company Stock Option, the quotient obtained by dividing (a) the product of (i) the excess, if any, of the Per Share Merger Consideration over the per share exercise price of such Company Stock Option, multiplied by (ii) the number of shares of Company Common Stock subject to the vested portion of such Company Stock Option immediately prior to the Effective Time, by (b) the Per Share Merger Consideration.
Net Share means, with respect to a Cancelled Option, the quotient obtained by dividing (i) the product of (A) the excess, if any, of the Cash Equivalent Consideration over the per share exercise price of such Cancelled Option, multiplied by (B) the number of Company Shares subject to such Cancelled Option, by (ii) the Cash Equivalent Consideration.
Examples of Net Share in a sentence
If the Company does not timely elect a Net Share Settlement Method, the Company shall no longer have the right to elect a Net Share Settlement Method in respect of its Exchange Obligation and the Specified Dollar Amount per $1,000 principal amount of Notes shall be equal to $1,000.
If the Company has timely elected a Net Share Settlement Method in respect of any exchange but does not timely notify the exchanging Holder, the Trustee and the Exchange Agent of the Specified Dollar Amount per $1,000 principal amount of Notes, the Specified Dollar Amount shall be deemed to be $1,000.
More Definitions of Net Share
Net Share means, with respect to a Company Option, the quotient obtained by dividing (a) the product of (i) the excess, if any, of the Per Share Cash Equivalent Consideration over the per share exercise price of such Company Option, multiplied by (ii) the number of Company Shares subject to such Company Option immediately prior to the Effective Time, by (b) the Per Share Cash Equivalent Consideration.
Net Share means, with respect to a FirstMerit Stock Option, the quotient obtained by dividing (a) the product of (i) the excess, if any, of the Per FirstMerit Share Cash Equivalent Consideration over the per share exercise price of such FirstMerit Stock Option multiplied by (ii) the number of FirstMerit Common Stock subject to such FirstMerit Stock Option, by (b) the Per FirstMerit Share Equivalent Cash Consideration.
Net Share means, with respect to an In-the-Money Company Stock Option, the quotient obtained by dividing (a) the product of (i) the excess, if any, of the Per Share Merger Consideration over the per share exercise price of such In-the-Money Company Stock Option, multiplied by (ii) the number of shares of Company Common Stock subject to the vested portion of such In-the-Money Company Stock Option, immediately prior to the Effective Time, by (b) the Per Share Merger Consideration.
Net Share means, with respect to a TCBI SAR, the quotient obtained by dividing (A) the product of (i) the excess, if any, of the Per Share Cash Equivalent Consideration over the per share exercise price of such TCBI SAR, multiplied by (ii) the number of shares of TCBI Common Stock subject to such TCBI SAR immediately prior to the Effective Time, by (B) the Per Share Cash Equivalent Consideration.
Net Share. Provision: Section [ ] of the Indenture Rounding Provision: Section [ ] of the Indenture Excluded Provisions: Section [ ] of the Indenture Dilution Provision: Section [ ] of the Indenture Merger Provision: Section [ ] of the Indenture Default Provisions: Section [ ] of the Indenture Early Unwind Date: [ ], 20__, or such later date as agreed by the parties hereto.
Net Share. Provision: Section [ ] of the Indenture
Net Share means, with respect to a Company Stock Option or Company CSAR, the quotient of (a) the product of (i) the excess, if any, of the Per Share Cash Equivalent Consideration over the per share exercise price of such Company Stock Option or the per share strike price of such Company CSAR, multiplied by (ii) the number of Company Common Shares subject to such Company Stock Option or Company CSAR immediately prior to the First Effective Time, divided by (b) the Per Share Cash Equivalent Consideration.