Common use of Agreement Conversion Price Clause in Contracts

Agreement Conversion Price. “Agreement Conversion Price” shall mean $2.00, adjusted as appropriate to reflect any stock split, reverse stock split, stock dividend or similar transaction effected by Parent after the Closing Date; provided, however, for purposes of Sections 9 and 10 of the Agreement and of the Escrow Agreement, after a Qualified IPO, “Agreement Conversion Price” shall mean the volume weighted average price of one share of Parent Common Stock as reported by the exchange on which the Parent Common Stock is then trading, during the thirty (30) trading days prior to the date of the determination.

Appears in 4 contracts

Samples: Voting Agreement (Entropic Communications Inc), Voting Agreement (Entropic Communications Inc), Voting Agreement (Entropic Communications Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!