Parent Exercise Price definition
Examples of Parent Exercise Price in a sentence
Parent shall establish the exercise price to purchase each Parent Ordinary Share (the "Parent Exercise Price") under each assumed option such that the ratio of (i) the Parent Exercise Price to (ii) the average closing price of each Parent Ordinary Share for the five trading days starting with the first trading day occurring after the Effective Time (the "Parent Closing Value") is equal to the Company Option Ratio.
Parent shall establish the exercise price to purchase a share of Parent Common Stock (the “Parent Exercise Price”) under each assumed option such that the ratio of (i) the Parent Exercise Price to (ii) the average closing price of a share of Parent Common Stock for the five trading days ending on the trading day immediately prior to the Effective Time (the “Parent Closing Value”) is equal to the Company Option Ratio.