Common use of Contents of Stock Acquisition Rights Clause in Contracts

Contents of Stock Acquisition Rights. (1) Type and Method for Calculation of Subject Shares of Stock Acquisition Rights The type of subject shares per SAR is common shares of the Company, and the number of subject shares of each SAR (the”Number of Granted Shares”) is 1 common share of the Company; If the Company carries out a stock split (including allotment of its common shares free of charge; hereinafter the same shall apply to descriptions of stock splits) or a stock consolidation after the allotment date of the SARs, the Number of Granted Shares is adjusted according to the following formula (a fraction of less than one share shall be rounded down and no monetary adjustment shall be made.): Number of Granted Shares after adjustment = Number of Granted Shares before adjustment * Ratio of Stock Split or Stock Consolidation In addition, after the allotment date of the SARs, if the Company carries out a merger or company split, reduction of Capital (excluding free capital reduction), or in the cases where adjustment of the Number of Granted Shares becomes necessary in a similar manner to these circumstances, the Company may adjust the Number of Granted Shares appropriately to a reasonable extent. The adjustment in this item is made only to the Number of Granted Shares for the SARs that have not been exercised at the time of the adjustment.

Appears in 1 contract

Samples: 2nd Stock Acquisition Rights Allotment Agreement (Metros Development Co., Ltd.)

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Contents of Stock Acquisition Rights. (1) Type and Method for Calculation of Subject Shares of Stock Acquisition Rights The type of subject shares per SAR is common shares of the Company, and the number of subject shares of each SAR (the”Number of Granted Shares”) is 1 common share of the Company; Provided, however, that when common shares (Including depository receipts) of the Company are first listed on a financial instrument exchange incorporated under laws of the United States jurisdiction, the Number of Granted Shares shall be the number of outstanding common shares (including dilutive shares; (the”Total Share Number)) of the Company as of the previous day of the listing date (the”Listing Date”) multiplied by 3.0% and divided by 379,234, where a fraction of less than one share shall be rounded down and no monetary adjustment shall be made. If the Company carries out a stock split (including allotment of its common shares free of charge; hereinafter the same shall apply to descriptions of stock splits) or a stock consolidation after the allotment date of the SARs, the Number of Granted Shares is adjusted according to the following formula (a fraction of less than one share shall be rounded down and no monetary adjustment shall be made.): Number of Granted Shares after adjustment = Number of Granted Shares before adjustment * Ratio of Stock Split or Stock Consolidation In addition, after the allotment date of the SARs, if the Company carries out a merger or company split, reduction of Capital (excluding free capital reduction), or in the cases where adjustment of the Number of Granted Shares becomes necessary in a similar manner to these circumstances, the Company may adjust the Number of Granted Shares appropriately to a reasonable extent. The adjustment in this item is made only to the Number of Granted Shares for the SARs that have not been exercised at the time of the adjustment.

Appears in 1 contract

Samples: Stock Acquisition Rights Allotment Agreement (Libera Gaming Operations, Inc)

Contents of Stock Acquisition Rights. (1) Type and Method for Calculation of Subject Shares of Stock Acquisition Rights The type of subject shares per SAR is common shares of the Company, and the number of subject shares of each SAR (the”Number of Granted Shares”) is 1 common share of the Company; Provided, however, that when common shares (Including depository receipts) of the Company are first listed on a financial instrument exchange incorporated under laws of a foreign jurisdiction, the Number of Granted Shares shall be the number of outstanding common shares (including dilutive shares except the dilutive shares in connection with stock acquisition rights attached performance conditions for exercise issued to directors and employees; (the”Total Share Number)) of the Company as of the previous day of the listing date (the”Listing Date”) multiplied by 1.5% and divided by 735,000, where a fraction of less than one share shall be rounded down and no monetary adjustment shall be made. If the Company carries out a stock split (including allotment of its common shares free of charge; hereinafter the same shall apply to descriptions of stock splits) or a stock consolidation after the allotment date of the SARs, the Number of Granted Shares is adjusted according to the following formula (a fraction of less than one share shall be rounded down and no monetary adjustment shall be made.): Number of Granted Shares after adjustment = Number of Granted Shares before adjustment * Ratio of Stock Split or Stock Consolidation In addition, after the allotment date of the SARs, if the Company carries out a merger or company split, reduction of Capital (excluding free capital reduction), or in the cases where adjustment of the Number of Granted Shares becomes necessary in a similar manner to these circumstances, the Company may adjust the Number of Granted Shares appropriately to a reasonable extent. The adjustment in this item is made only to the Number of Granted Shares for the SARs that have not been exercised at the time of the adjustment.

Appears in 1 contract

Samples: Stock Acquisition Rights Allotment Agreement (Metros Development Co., Ltd.)

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Contents of Stock Acquisition Rights. (1) Type and Method for Calculation of Subject Shares of Stock Acquisition Rights The type of subject shares per SAR is common shares of the Company, and the number of subject shares of each SAR (the”Number the“Number of Granted Shares”) is 1 common share of the Company; If the Company carries out a stock split (including allotment of its common shares free of charge; hereinafter the same shall apply to descriptions of stock splits) or a stock consolidation after the allotment date of the SARs, the Number of Granted Shares is adjusted according to the following formula (a fraction of less than one share shall be rounded down and no monetary adjustment shall be made.): Number of Granted Shares after adjustment = Number of Granted Shares before adjustment * Ratio of Stock Split or Stock Consolidation In addition, after the allotment date of the SARs, if the Company carries out a merger or company split, reduction of Capital (excluding free capital reduction), or in the cases where adjustment of the Number of Granted Shares becomes necessary in a similar manner to these circumstances, the Company may adjust the Number of Granted Shares appropriately to a reasonable extent. The adjustment in this item is made only to the Number of Granted Shares for the SARs that have not been exercised at the time of the adjustment.

Appears in 1 contract

Samples: 2nd Stock Acquisition Rights Allotment Agreement (Metros Development Co., Ltd.)

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