Common use of Shares Subject to Post-Distribution Integra Option Clause in Contracts

Shares Subject to Post-Distribution Integra Option. The number of shares of Integra Common Stock subject to the post-Distribution Integra Option shall be equal to the product obtained by multiplying (I) the number of shares of Integra Common Stock subject to the Integra Option immediately prior to the Distribution Time, times (II) the Integra Ratio, and rounding such product down to the nearest whole share.

Appears in 2 contracts

Samples: Employee Matters Agreement (SeaSpine Holdings Corp), Employee Matters Agreement (SeaSpine Holdings Corp)

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Shares Subject to Post-Distribution Integra Option. The number of shares of Integra Common Stock subject to the post-Distribution Integra Option shall be equal to the product obtained by multiplying (Ix) the number of shares of Integra Common Stock subject to the Integra Option immediately prior to the Distribution Time, times (IIy) the Integra Allocation Factor, times (z) the Integra Ratio, and rounding such product down to the nearest whole share.

Appears in 2 contracts

Samples: Employee Matters Agreement (SeaSpine Holdings Corp), Employee Matters Agreement (SeaSpine Holdings Corp)

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