Split Ratio definition
Examples of Split Ratio in a sentence
Immediately prior to the Effective Time and subject to stockholder approval thereof, LQ Parent shall effect the Reverse Stock Split, whereby each share of LQ Parent Common Stock (par value $0.01) will be reclassified and combined into a fraction of a share of LQ Parent Common Stock (par value $0.02) equal to the Reverse Stock Split Ratio (the “LQ Parent Share Cancellation”).
Holders of Common Units who otherwise would be entitled to receive fractional Common Units because they hold a number of Common Units not evenly divisible by the GIP Reverse Split Ratio will automatically be entitled to receive an additional fraction of a Common Unit to round up to the next whole Common Unit.
For the avoidance of doubt, if the Reverse Stock Split Proposal is approved by the Company’s stockholders and the related amendment to the Company’s certificate of incorporation becomes effective, the Conversion Price shall be adjusted for the applicable Reverse Stock Split Ratio.
All outstanding stock options, warrants and other rights to acquire securities of Sonus include provisions that will result in such stock option, warrant or right, if still outstanding at the effective time of the Reverse Stock Split, to adjust automatically in accordance with the Reverse Split Ratio as to both exercise price and the amount of Sonus Common Shares issuable thereunder.
The number of Securities to be purchased by each Investor as identified on Schedule 1 shall be subject to adjustment based on the Reverse Split Ratio.
The number of shares of New Ceridian common stock subject to such replacement award shall be equal to the quotient obtained by dividing (x) the product of (1) the number of such forfeited shares of restricted stock (adjusted for the reverse stock split) multiplied by (2) the Arbitron Post-Distribution price multiplied by (3) the Reverse Split Ratio, by (y) the New Ceridian Post-Distribution Price, such quotient to be rounded to the nearest whole share.
In connection therewith, a split of Holding Company Common Stock outstanding immediately prior to the effective time thereof shall be effected, and each holder of Holding Company Common Stock, without further action by such holder, shall be entitled to receive additional shares of Holding Company Common Stock based on the Split Ratio, plus cash in lieu of any fractional share interest.
Each option (collectively the “Parent Options”) and warrant (collectively the “Parent Warrants”) issued by the Parent and outstanding before the Effective Time shall be reduced at the Effective Time by the Reverse Split Ratio used to calculate the number of Parent Shares described in Section 2.01 and the exercise price of each such option and warrant shall be multiplied by the Reverse Split Ratio.
The Parties shall share the costs of the shared marketing campaign based on the Monthly Revenue Split Ratio to be reconciled at the end of the Term in the same manner as Annual New Member Revenue described in Section 3(C)(ii).
For any order qualified as Will Try, the Split Ratio shall be XXXXX—XXXXX, with XXXXX going to Select and XXXXX going to CPR, unless a higher Split Ratio in favor of CPR is required elsewhere under this Agreement.