Adjustment Formula a) The ‘base kilometer rate(s)’ shall be adjusted (up or down) on each of the ‘adjustment dates’ based on the difference in the ‘fuel price’ on the ‘adjustment date’ and the ‘base fuel rate’ multiplied by 1/10.
b) Kilometer rates shall be rounded to four decimal places after the dollar ($0.0000).
Adjustment Formula. Whenever the Conversion Price is adjusted pursuant to this Section (4)(d)(i), the new Conversion Price shall be determined by multiplying the Conversion Price then in effect by a fraction, (x) the numerator of which shall be the number of shares of Common Stock outstanding immediately prior to such issuance (the “Outstanding Common”) plus the number of shares of Common Stock that the aggregate consideration received by the Corporation for such issuance would purchase at such Conversion Price; and (y) the denominator of which shall be the number of shares of Outstanding Common plus the number of shares of such Additional Stock. For purposes of the foregoing calculation, the term “Outstanding Common” shall include shares of Common Stock deemed issued pursuant to Section 4(d)(i)(E) below.
Adjustment Formula. On each anniversary of the Contract Date (each an “Adjustment Date”), to determine the amount of adjustment or increase based on CPI, the applicable Guaranteed Non-Maintenance Costs Caps, the Guaranteed Maintenance Costs, bonuses or penalties and EAS Subsidies, as applicable, in effect for the prior year, shall be adjusted by multiplying the Guaranteed Non-Maintenance Costs Caps on the Guaranteed Non-Maintenance Costs Schedule, the Guaranteed Maintenance Costs, bonuses or penalties and EAS Subsidies, as applicable, in effect for the prior year, by a fraction, the numerator which shall be the CPI for the third full calendar month immediately preceding the Adjustment Date, and the denominator of which shall be the CPI for the same calendar month in the immediately preceding calendar year (the “Adjustment”).
Adjustment Formula. If before December 15, 2015 the LLC shall issue or sell or, in accordance with this Section 6, is deemed to have issued or sold any Additional Common Shares for a consideration per Additional Common Share less than the Series C Conversion Price applicable to the Series C Preferred Shares in effect immediately prior to such issuance or sale, then forthwith upon such issuance or sale, the Series C Conversion Price applicable to the Series C Preferred Shares, as appropriate, shall be reduced to the price per share for such Additional Common Shares. If on or after December 15, 2015 the LLC shall issue or sell or, in accordance with this Section 6, is deemed to have issued or sold any Additional Common Shares for a consideration per Additional Common Share less than the Series C Conversion Price applicable to the Series C Preferred Shares in effect immediately prior to such issuance or sale, then forthwith upon such issuance or sale, the Series C Conversion Price applicable to the Series C Preferred Shares, as appropriate, shall be reduced (calculated to the nearest cent) determined by multiplying such Conversion Price by a fraction, (A) the numerator of which shall be (1) the number of Common Shares outstanding immediately prior to such issuance or sale plus (2) the number of Common Shares that the Aggregate Consideration Received by the LLC for the total number of Additional Common Shares so issued or sold would purchase at such Conversion Price; and (B) the denominator of which shall be the number of Common Shares outstanding immediately prior to issuance or sale plus the number of such Additional Common Shares so issued or sold. If and whenever the LLC shall issue or sell or, in accordance with this Section 6, is deemed to have issued or sold any Additional Common Shares for a consideration per Additional Common Share less than the Series A Conversion Price applicable to the Series A Preferred Shares or the Series B Conversion Price applicable to the Series B Preferred Shares in effect immediately prior to such issuance or sale, then forthwith upon such issuance or sale, the Series A Conversion Price applicable to the Series A Preferred Shares and/or the Series B Conversion Price applicable to the Series B Preferred Shares, as appropriate, shall be reduced (calculated to the nearest cent) determined by multiplying such Conversion Price by a fraction, (A) the numerator of which shall be (1) the number of Common Shares outstanding immediately prior to such is...
Adjustment Formula. The number used for the length of the school year is 194 days. This number shall be used as a basis for a formula to be used for reductions and additions to the teacher's individual salary; contracted yearly salary plus or minus contracted yearly salary divided by 194 times the number of days changed equals total yearly salary. The daily salary for direct student instruction or equivalent professional assignment shall be determined by dividing the basic annual contracted salary, including longevity, by 194. The hourly salary shall be determined by dividing the daily salary by 5. All full pro-rated pay shall be computed on the basis of this formula.
Subd. 1. Any teacher who is regularly teaching or supervising additional time beyond the five hours provided for in Section 5 (The Basic Day) below shall have the hourly salary determined on a pro-rata basis. Positions of this nature shall be first offered to properly licensed teachers on unrequested leave, unless such offer would require the re-scheduling of other teachers. Secondly, teachers offered such positions will have the right of refusal with no reprisal. A teacher teaching less than full-time (1.0 FTE) shall receive a reduced FTE contract based on the prorata reduction in time taught.
Subd. 2. Teachers who are assigned an extra 90-minute class (which includes passing time) in a four period block schedule (i.e., normal teaching load of three 90-minute classes or 270 minutes) represents an increase of .333 FTE for the year (90 divided by 270), .083 FTE for the quarter ([90 divided by270] divided by 4), and .167 FTE for the semester ([90 divided by 270] divided by 2). Thus a teacher on such a block schedule teaching an additional 90-minute class the entire year would be contracted at 1.333 FTE.
Adjustment Formula. If and whenever on or after the Date of Issuance and prior to the expiration of the Exercise Period the Company issues or sells, or in accordance with Section 2C is deemed to have issued or sold, any shares of Common Stock for a consideration per share less than the Exercise Price in effect immediately prior to the time of such issue or sale, then immediately upon such issue or sale or deemed issue or sale the Exercise Price shall be reduced to either (x) the consideration per share of such issuance or sale or deemed issuance or sale if such issuance or sale or deemed issuance or sale occurs on or prior to December 21, 2000, or (y) the amount determined by dividing (i) the sum of (1) the product derived by multiplying the Exercise Price in effect immediately prior to such issue or sale by the number of shares of Common Stock Deemed Outstanding immediately prior to such issue or sale, plus (2) the consideration, if any, received by the Company upon such issue or sale, by (ii) the number of shares of Common Stock Deemed Outstanding immediately after such issue or sale, if such issuance or sale or deemed issuance or sale occurs after December 21, 2000, but prior to the expiration of the Exercise Period.
Adjustment Formula. If at any time or from time to time after the date of the original issuance of shares of Series C Preferred Stock, the Corporation issues or sells, or is deemed by the provisions of this Section 7(e) to have issued or sold, Additional Shares of Common Stock, other than a Common Stock Event as provided in Section 7(d)(i), a dividend or distribution as provided in Section 7(d)(ii), a recapitalization, reclassification or other change as provided in Section 7(d)(iii), or a reorganization, merger or consolidation as provided in Section 7(d)(iv), for an Effective Price that is less than the Series C Conversion Price in effect immediately prior to such issue or sale (or deemed issue or sale), then, and in each such case, the Series C Conversion Price shall be reduced, as of the close of business on the date of such issue or sale to the price obtained by multiplying such Series C Conversion Price by a fraction:
(A) The numerator of which shall be the sum of (1) the number of Common Stock Equivalents Outstanding (as defined in Section 7(e)(iii)(C)) immediately prior to such issue or sale of Additional Shares of Common Stock plus (2) the quotient obtained by dividing: (x) the Aggregate Consideration Received (as defined in Section 7(e)(iii)(B)) by the Corporation for the total number of Additional Shares of Common Stock so issued or sold (or deemed so issued and sold) by (y) the Series C Conversion Price in effect immediately prior to such issue or sale; and
(B) The denominator of which shall be the sum of (1) the number of Common Stock Equivalents Outstanding immediately prior to such issue or sale plus (2) the number of Additional Shares of Common Stock so issued or sold (or deemed so issued and sold).
Adjustment Formula. Whenever the Preferred Stock Conversion Price for a series of Preferred Stock is adjusted pursuant to this Section (4)(d)(i), the new Preferred Stock Conversion Price with respect to such series shall be determined by multiplying the Preferred Stock Conversion Price then in effect for such series by a fraction, (x) the numerator of which shall be the number of shares of Class A Common Stock and Class B Common Stock outstanding immediately before such issuance (the “Outstanding Common”) plus the number of shares of Class A Common Stock and Class B Common Stock that the aggregate consideration received by the Corporation for such issuance would purchase at such Preferred Stock Conversion Price; and (y) the denominator of which shall be the number of shares of Outstanding Common plus the number of shares of such Additional Stock. For purposes of the foregoing calculation, the term “Outstanding Common” shall include shares of Class A Common Stock and Class B Common Stock deemed issued pursuant to Section 4(d)(i)(E) below.
Adjustment Formula. If at any time or from time to time after the Original Issue Date the Corporation issues or sells, or is deemed by the provisions of this subsection 5.8 to have issued or sold, Additional Shares of Common Stock (as hereinafter defined), otherwise than in connection with a Common Stock Event as provided in subsection 5.4, a dividend or distribution as provided in subsection 5.5, a recapitalization, reclassification or
Adjustment Formula. Following the issuance of Common Stock to Delta pursuant to Section 3(a) hereof, if Geospatial issues or sells, or is deemed by the provisions of this Section 3(b) to have issued or sold, Additional Shares of Common Stock (as hereinafter defined), otherwise than in connection with a Common Stock Event (as hereinafter defined), for an Effective Price (as hereinafter defined) that is less than $0.07 per share (the “Measurement Price”) (a “Triggering Issuance”), then, and in each such case, Geospatial shall issue to Delta such number of additional shares of Common Stock that is equal to the product of (A) one minus a fraction, the numerator of which is the Effective Price in the Triggering Issuance and the denominator of which is the Measurement Price, multiplied by (B) the difference between (x) the Delta Percentage immediately prior to the Triggering Issuance multiplied by the Common Stock Equivalents Outstanding immediately following the Triggering Issuance, minus (y) the Delta Shares held by Delta immediately prior to the Triggering Issuance.
