Conversion Formula. For an employee reassigned from a shift schedule to a 40-hour schedule, multiply the employee’s accumulated CTO times a conversion factor of .7547. For an employee reassigned from a 40- hour schedule to a shift schedule, multiply the employee’s accumulated CTO times a conversion factor of 1.325.
Conversion Formula. Upon conversion of a principal amount of this Debenture, the Holder shall be entitled to a number of shares of Common Stock equal to (the principal amount converted/$1,000,000)*(10%)*(the number of shares of Common Stock of the Company outstanding on a fully diluted basis).
Conversion Formula. The number of shares issued through conversion is the conversion amount divided by the conversion price, as illustrated below. The Holder and the Borrower shall maintain records showing the principal amount(s) converted and the date of such conversion(s). If no objection is delivered from Borrower to Holder regarding any variable or calculation of the conversion notice within 24 (twenty-four) hours of delivery of the conversion notice, the Borrower shall have been thereafter deemed to have irrevocably confirmed and irrevocably ratified such Notice of Conversion and waive any objection thereto. The Company acknowledges and agrees that, absent a duly delivered objection notice as required above, the Holder shall materially rely on the confirmation and ratification of the conversion price and, notwithstanding subsequent information to the contrary that such computation was made in error, such deemed conversion price shall thereafter be the conversion price for purposes of such conversion. # Shares = Conversion Amount Conversion Price
Conversion Formula. At the option of the Company, for each annual conversion of Preferred to common, the stock shall be converted to either:
Conversion Formula. In the event VABC exercises the Conversion Right, the Grant Amount shall, in the case of Conversion after an IPO, be converted to the common stock of Tocagen at a per share price equal to the closing stock price for one share of Tocagen common stock on the first trading day prior to the Conversion Date, and, in the case of Conversion simultaneously with an IPO, be converted to the common stock of Tocagen at the price-per-share to the public of Tocagen common stock in the IPO, in the event VABC exercises the Conversion Right, VABC agrees to accept the stock subject to any restrictions that are ***Confidential Treatment Requested applicable to holders of unregistered securities of Tocagen generally, including, without limitation, restrictions on VABC’s ability to transfer or dispose of Tocagen stock pursuant to applicable laws and regulations and the restrictions set forth on Schedule A annexed hereto. VABC agrees to execute and deliver to Tocagen any documents as may be reasonably requested by Tocagen and its counsel, in connection with the issuance of the Tocagen common stock.
Conversion Formula. In this Exhibit 32.2, the following definitions shall have the following meanings:
Conversion Formula. A For Conversion Events other than an Insolvency Event If the conversion of Convertible Equity into Shares is to occur for any reason specified in clause 5.1(a), 5.1(b) or 5.1(c), then the following conversion formula applies:
Conversion Formula. “Conversion Formula” means the appropriate formula which shall be applied in adjusting the exercise price and number of Acuity options under the Acuity Stock Incentive Plans and in determining the exercise price and number of SpinCo options under the SpinCo Stock Incentive Plan. The Conversion Formula for SpinCo options under the SpinCo Stock Incentive Plan shall be based on the closing per share prices of Acuity Common Stock (with a due xxxx) and SpinCo Common Stock (on a when-issued basis) as traded on the NYSE on the Distribution Date or such other prices as jointly agreed upon by SpinCo and Acuity, and shall be determined and applied in such a manner as to maintain (1) the aggregate spread of such options, which is the difference between the exercise price per share of Acuity Common Stock covered by the option and the price per share of Acuity Common Stock (with a due xxxx) immediately preceding the Distribution, multiplied by the total number of shares covered by the option; and (2) the ratio of the exercise price per share covered by the option to the price per share of Acuity Common Stock (with a due xxxx) immediately preceding the Distribution. The Conversion Formula for adjusting Acuity options under the Acuity Stock Incentive Plans shall be based on the closing per share prices of Acuity Common Stock (without giving effect to the dividend) and Acuity Common Stock (after giving effect to the dividend) as traded on the NYSE on the Distribution Date or such other prices as determined by Acuity, and shall be determined and applied in such a manner as to maintain the aggregate spread and exercise price ratio as described in the previous sentence for SpinCo options.
Conversion Formula. 7.1 The Investor CCDs shall be compulsorily converted on Conversion Long Stop Date at Investor Conversion Ratio.
Conversion Formula. Each share of Target Common Stock ------------------ outstanding immediately prior to the Effective Time, including the shares into which Target Preferred Stock are converted and excluding any Dissenting Shares (as defined in Section 2.2(b)), by virtue of the Merger and at the Effective Time, without further action on the part of any Target Stockholder, will be converted solely into the right to receive a fraction of an Exchange Share equal to the Conversion Ratio. For the purposes of calculating the Conversion Ratio, and as used elsewhere in this Agreement, the following definitions apply:
