Common use of Exercise Price of Post-External Distribution RemainCo Option Clause in Contracts

Exercise Price of Post-External Distribution RemainCo Option. The per share exercise price of the post- External Distribution RemainCo Option shall be equal to the quotient obtained by dividing (x) the per share exercise price of the pre-External Distribution RemainCo Option immediately prior to the Effective Time, by (y) the RemainCo Ratio, and rounding such quotient up to the nearest whole cent.

Appears in 2 contracts

Samples: Employee Matters Agreement (Exterran Corp), Employee Matters Agreement (Exterran Corp)

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Exercise Price of Post-External Distribution RemainCo Option. The per share exercise price of the post- post-External Distribution RemainCo Option shall be equal to the quotient obtained by dividing (x) the per share exercise price of the pre-External Distribution RemainCo Option immediately prior to the Effective Time, by (y) the RemainCo Ratio, and rounding such quotient up to the nearest whole cent.

Appears in 2 contracts

Samples: Employee Matters Agreement (Exterran Corp), Employee Matters Agreement (Exterran Corp)

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