Exercise Price of Post-Distribution Integra Option. The per share exercise price of the post-Distribution Integra Option shall be equal to the quotient obtained by dividing (I) the per share exercise price of the pre-Distribution Integra Option immediately prior to the Distribution Time, by (II) the Integra Ratio, and rounding such quotient up to the nearest whole cent.
Appears in 2 contracts
Samples: Employee Matters Agreement (SeaSpine Holdings Corp), Employee Matters Agreement (SeaSpine Holdings Corp)
Exercise Price of Post-Distribution Integra Option. The per share exercise price of the post-Distribution Integra Option shall be equal to the quotient obtained by dividing (I) the per share exercise price of the pre-Distribution Integra Option immediately prior to the Distribution Time, by (II) the Integra Ratio, and rounding such quotient up to the nearest whole cent.
Appears in 2 contracts
Samples: Employee Matters Agreement (SeaSpine Holdings Corp), Employee Matters Agreement (SeaSpine Holdings Corp)
