Parent Average Closing Price definition

Parent Average Closing Price means the average closing sale price for a share of Parent Common Stock, rounded to the nearest one-tenth of a cent, as reported on Nasdaq for the ten most recent trading days ending on the last trading day immediately prior to the Effective Time.

Parent Average Closing Price means an amount equal to the average of the volume weighted average price per Parent Common Share on the NASDAQ (as reported by Bloomberg L.P. or, if not reported therein, in another authoritative source mutually selected by Parent and the Company) on each of the five (5) consecutive trading days ending with the complete trading day immediately prior to the Closing Date.

Parent Average Closing Price means the average of the daily last sale prices of Parent Common Stock as reported on the NYSE, as reported by the NYSE Composite Transactions Reporting System (as reported in the New York City edition of The Wall Street Journal or, if not reported therein, another authoritative source mutually agreed to by Parent and the Company), for each of the fifteen full consecutive NYSE trading days ending at the close of trading on the Determination Date.

Examples of Parent Average Closing Price in a sentence

• In lieu of such fractional shares, any holder of Outstanding INT'X.xxx Shares who would otherwise be entitled to a fraction of a share of Parent Common Stock (after aggregating all fractional shares of Parent Common Stock to be received by such holder) will be paid the cash value of such fraction (rounded down to the nearest whole cent), which will be equal to such fraction MULTIPLIED BY the Parent Average Closing Price.

• For purposes of indemnification under this Agreement, each Parent Merger Share shall at all times be valued at the Parent Average Closing Price.

• This inference leads to the conclusion that the gross disproportionality criterion, and hence ALARP, are to be guided by financial analysis.In contrast, the net social benefit approach follows the technique of social benefit-cost analysis, which is based on resource values (i.e. the underlying value of costs and benefits) rather than their financial price as indicated in the market.

• For purposes of this Agreement, the term “Equity Award Cashout Price” means an amount equal to the product of (x) the Exchange Ratio as it may be adjusted pursuant to Sections 1.4(g)(ii) and 8.1(e) multiplied by (y) the Parent Average Closing Price for the Determination Period.

• The "Termination Fee" shall be a dollar amount equal to 5% of the result of multiplying (i) the Parent Average Closing Price by (ii) the number of Parent Merger Shares that would have been issuable by Parent if the Closing had occurred on the date of such termination, assuming that there were no Excluded Shares, no Series C Excluded Shares and no Series D Excluded Shares and that all Outstanding INT'X.xxx Options were exercised immediately prior to such date.

More Definitions of Parent Average Closing Price

Parent Average Closing Price means the average daily closing price of Parent Common Stock on Nasdaq during the Determination Period.

Parent Average Closing Price means the volume-weighted average price for a share of Parent Common Stock on NASDAQ on the twenty (20) Trading Days ending on the second Trading Day prior to the Effective Time.

Parent Average Closing Price means the average closing price of a share of Parent Common Stock reported on the Nasdaq Capital Market for the fifteen-day trading period in which the last day will be the third trading day prior to the Closing Date. For example, if the Closing Date were Monday, September 12, 2011, the third trading day prior to the Closing Date would be Wednesday, September 7, 2011 and the fifteen-day trading period would commence on Wednesday, August 17, 2011.

Parent Average Closing Price means the average closing price per share of the Parent Common Stock on the New York Stock Exchange, Inc. (the "NYSE") for the Random Trading Days and "Random Trading Days" means the ten trading days selected by lot out of the twenty trading days ending on and including the fifth trading day preceding the date of the Company Stockholders Meeting (with the Random Trading Days selected by lot by Parent and Company at 5:00 p.m. New York time on the fifth trading day prior to the date of the Company Stockholders Meeting).

Parent Average Closing Price shall be equal to $24.5469.

Parent Average Closing Price means the 20-day volume weighted average closing price of a share of ParentCommon Stock as quoted on Nasdaq as of the Determination Date. “Parent Board” means the board of directors of Parent. “Parent Bylaws” means the bylaws of Parent, as amended.

Parent Average Closing Price will be equal to the average closing price of the Parent Common Stock as publicly reported by the Wall Street Journal over the ten Trading Days prior to the date of this Agreement, but excluding within such period, the two highest and two lowest closing prices.