Definition of Pre-Closing Ownership Percentage

  1. Pre-Closing Ownership Percentage means, with respect to each holder of Target Common Stock, the number of shares of Target Common Stock held by such holder immediately prior to the Effective Time divided by the aggregate number of shares of Target Common Stock issued and outstanding immediately prior to the Effective Time.

Definition of Pre-Closing Ownership Percentage in Agreement and Plan of Merger

Pre-Closing Ownership Percentage means, with respect to each holder of Target Common Stock, the number of shares of Target Common Stock held by such holder immediately prior to the Effective Time divided by the aggregate number of shares of Target Common Stock issued and outstanding immediately prior to the Effective Time.