Examples of Share Multiplier in a sentence
The Share Multiplier resulting from any Antidilution Adjustment shall be rounded up or down, as appropriate, to the nearest one-hundred thousandth.
If the Underlying Stock is subject to a stock split or a reverse stock split, then once such stock split or reverse stock split, as the case may be, has become effective the Calculation Agent shall adjust the Share Multiplier to equal the product of the prior Share Multiplier and the number of shares issued in such stock split or reverse stock split with respect to one share of the Underlying Stock.
If one of the events described below occurs with respect to the Underlying Stock and the Calculation Agent determines that such event has a diluting or concentrative effect on the market price of the Underlying Stock, the Calculation Agent shall calculate a corresponding Antidilution Adjustment to the Share Multiplier as the Calculation Agent deems appropriate to account for such diluting or concentrative effect.
If the Underlying Stock is subject to a stock dividend payable in shares of the Underlying Stock that is given ratably to all holders of shares of the Underlying Stock, then once the dividend has become effective the Calculation Agent shall adjust the Share Multiplier on the ex-dividend date to equal the sum of the prior Share Multiplier plus the product of the number of shares issued with respect to one share of the Underlying Stock and the prior Share Multiplier.
The Share Multiplier shall be adjusted by the Calculation Agent by multiplying the existing Share Multiplier by a fraction whose numerator is the number of shares of the Underlying Stock outstanding immediately after the dilution or Reorganization Event and whose denominator is the number of shares of the Underlying Stock outstanding immediately prior to the dilution or Reorganization Event.