Value and Stock Splits Sample Clauses

Value and Stock Splits. Dividends will be assumed reinvested at the Closing Price on the Payout Date and all calculations will be adjusted for Stock Splits. EXAMPLES Assumptions: The examples below assume that 90,000 Target Shares / 135,000 Maximum Shares are awarded and that Flextronics’s and the S&P Index 20-Day Trading Averages are $7.00 and $1,000 respectively on June 15, 2011. Maximum Target: Price Begin Dividend Value Price End TSR Calculation S&P 500 $ 1,000 $ 100.00 $ 1,100 (1,100 - 1,000 + 100) / 1,000 = 20% Flextronics $ 7.00 $ 0.00 $ 10.50 (10.50 – 7.00 + 0) / 7.00 = 50% Payout Calculation: ((50% - 20%) / 20%) + 100% = 250% Target Awarded: 250% is above the 150% Maximum Target so Maximum Payout of 150% or 135,000 shares is achieved Interpolated Target: Price Begin Dividend Value Price End TSR Calculation S&P 500 $ 1,000 $ 0.00 $ 700 (700 - 1,000 + 0) / 1,000 = (30)% Flextronics $ 7.00 $ 0.00 $ 5.25 (5.25 – 7.00 + 0) / 7.00 = (25)% Payout Calculation: ((-25% + 30%) / 30%) +100% = 117% Target Awarded: 117% is above the Minimum and below the Maximum Targets so an interpolated Payout of 117% of the Target Shares or 105,300 shares is achieved. Forfeited: Price Begin Dividend Value Price End TSR Calculation S&P 500 $ 1,000 $ 0.00 $ 1,200 (1,200 - 1,000 + 0) / 1,000 = 20% Flextronics $ 7.00 $ 0.00 $ 7.65 (7.65 – 7 + 0) / 7.00 = 9.3% Payout Calculation: ((9.3% - 20%) / 20%) +100% = 47% Target Awarded: 47% is below the 50% Minimum Target so no Payout is achieved
Sample 1
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Value and Stock Splits. Dividends will be assumed reinvested at the Closing Price on the Payout Date and all calculations will be adjusted for Stock Splits. EXAMPLES Assumptions: The examples below assume that 90,000 Target Shares / 180,000 Maximum Shares are awarded and that the Company’s and the S&P Index 90-Day Trading Averages are $7.00 and $1,000 respectively on , 20 . Maximum Target: Price Begin Dividend Value Price End TSR Calculation S&P 500 $ 1,000 $ 100.00 $ 1,100 (1,100 - 1,000 + 100) / 1,000 = 20% Flextronics $ 7.00 $ 0.00 $ 10.50 (10.50 — 7.00 + 0) / 7.00 = 50% Payout Calculation for S&P 500 TSR Comparison: ((50% - 20%) / 20%) + 100% = 250% Percentile Rank: 79th Percentile [Company TSR is greater than the TSRs of 13 EMS Group Members] Target Awarded: S&P 500 Comparison Payout: 250% is above the 200% Maximum Target so Maximum Payout of 200% for 60% of the Target Shares, or 108,000 shares is achieved Percentile Ranking Payout: 79th Percentile is above the 75th Maximum Target and Company TSR is positive so Maximum Payout of 200% for 40% of the Target Shares, or 72,000 shares is achieved Total Payout = 180,000 shares Interpolated Target: Price Begin Dividend Value Price End TSR Calculation S&P 500 $ 1,000 $ 0.00 $ 700 (700 - 1,000 + 0) / 1,000 = (30)% Flextronics $ 7.00 $ 0.00 $ 5.25 (5.25 — 7.00 + 0) / 7.00 = (25)% Payout Calculation for S&P 500 TSR Comparison: ((-25% + 30%) / 30%) +100% = 117% Percentile Rank: 44th Percentile [Company TSR is greater than the TSRs of 7 EMS Group Members] Target Awarded: S&P 500 Comparison Payout: 117% is above the Minimum and below the Maximum Targets so an interpolated Payout of 117% of 60% of the Target Shares, or 63,180 shares is achieved Percentile Ranking Payout: 44th Percentile is above the Minimum and below the Maximum Targets, Company TSR is negative and below the 50th Percentile so an interpolated payout of 76% for 40% of the target shares, or 27,360 shares is achieved Total Payout = 90,540 shares Forfeited: Price Begin Dividend Value Price End TSR Calculation S&P 500 $ 1,000 $ 0.00 $ 1,200 (1,200 - 1,000 + 0) / 1,000 = 20% Flextronics $ 7.00 $ 0.00 $ 7.65 (7.65 — 7 + 0) / 7.00 = 9.3% Payout Calculation for S&P 500 TSR Comparison: ((9.3% - 20%) / 20%) +100% = 47% Percentile Rank: 32nd Percentile [Company TSR is greater than the TSRs of 5 EMS Group Members] Target Awarded: S&P 500 Comparison Payout: 47% is below the 50% Minimum Target so no Payout is achieved Percentile Ranking Payout: 32nd Percentile is below the 37.5 Percentil...
Sample 1
Value and Stock Splits. Dividends will be assumed reinvested at the Closing Price on the Payout Date and all calculations will be adjusted for Stock Splits. EXAMPLES Assumptions: The examples below assume that 90,000 Target Shares / 180,000 Maximum Shares are awarded. Maximum Target: Percentile Rank: 85th percentile Target Awarded: 85th Percentile is above the 75th Maximum Target so Maximum Payout of 200% of the Target Shares, or 180,000 shares is achieved Interpolated Target: Percentile Rank: 60th percentile Target Awarded: 60th Percentile is above the Minimum and below the Maximum Targets so an interpolated Payout of 140% of the Target Shares or 126,000 shares is achieved. Forfeited: Percentile Rank: 15th percentile Target Awarded: 15th percentile is below the 30th Percentile Minimum Target so no Payout is achieved
Sample 1

Related to Value and Stock Splits

  • Stock Splits Until the Notes and all notes issued pursuant to the terms thereof are no longer outstanding, the Company shall not effect any stock combination, reverse stock split or other similar transaction (or make any public announcement or disclosure with respect to any of the foregoing) without the prior written consent of the Required Holders (as defined below).

  • Stock Splits and Reverse Stock Splits If at any time on or after the date hereof the Company shall subdivide its outstanding shares of Common Stock into a greater number of shares, the Warrant Price in effect immediately prior to such subdivision shall thereby be proportionately reduced and the number of shares receivable upon exercise of the Warrant shall thereby be proportionately increased; and, conversely, if at any time on or after the date hereof the outstanding number of shares of Common Stock shall be combined into a smaller number of shares, the Warrant Price in effect immediately prior to such combination shall thereby be proportionately increased and the number of shares receivable upon exercise of this Warrant shall thereby be proportionately decreased.

  • Adjustment for Stock Splits, Stock Dividends, Recapitalizations, etc The Exercise Price of this Warrant and the number of shares of Common Stock or other securities at the time issuable upon exercise of this Warrant shall be appropriately adjusted to reflect any stock dividend, stock split, combination of shares, reclassification, recapitalization or other similar event affecting the number of outstanding shares of stock or securities.

  • Stock Split All references to numbers of shares in this Agreement shall be appropriately adjusted to reflect any stock dividend, split, combination or other recapitalization affecting the Capital Stock occurring after the date of this Agreement.

  • Stock Dividend, Stock Split and Reverse Stock Split Upon a stock dividend of, or stock split, reverse stock split, or similar event affecting, the Common Stock, the number of Award Shares and the number of such Award Shares that are nonvested and forfeitable shall, without further action of the Administrator, be adjusted to reflect such event. The Administrator may make adjustments, in its discretion, to address the treatment of fractional shares with respect to the Award Shares as a result of the stock dividend, stock split, reverse stock split, or similar event. Adjustments under this Section 9 will be made by the Administrator, whose determination as to what adjustments, if any, will be made and the extent thereof will be final, binding and conclusive. No fractional Award Shares will result from any such adjustments.

  • Mergers, Recapitalizations, Stock Splits, Etc Pursuant and subject to Section 12 of the Plan, certain changes in the number or character of the Common Stock of the Company (through sale, merger, consolidation, exchange, reorganization, divestiture (including a spin-off), liquidation, recapitalization, stock split, stock dividend or otherwise) shall result in an adjustment, reduction or enlargement, as appropriate, in Participant’s rights with respect to any unexercised portion of the Option (i.e., Participant shall have such “anti-dilution” rights under the Option with respect to such events, but shall not have “preemptive” rights).

  • Stock Splits and Reverse Splits In the event that the Company shall at any time subdivide its outstanding shares of Common Stock into a greater number of shares, the Exercise Price in effect immediately prior to such subdivision shall be proportionately reduced and the number of Warrant Shares purchasable pursuant to this Warrant immediately prior to such subdivision shall be proportionately increased, and conversely, in the event that the outstanding shares of Common stock shall at any time be combined into a smaller number of shares, the Exercise Price in effect immediately prior to such combination shall be proportionately increased and the number of Warrant Shares purchasable upon the exercise of this Warrant immediately prior to such combination shall be proportionately reduced. Except as provided in this Section 3.4, no adjustment in the Exercise Price and no change in the number of Warrant Shares purchasable shall be made under this Article III as a result of or by reason of any such subdivision or combination.

  • Stock Dividends and Stock Splits If the Company, at any time while this Debenture is outstanding: (i) pays a stock dividend or otherwise makes a distribution or distributions payable in shares of Common Stock on shares of Common Stock or any Common Stock Equivalents (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company upon conversion of, or payment of interest on, the Debentures), (ii) subdivides outstanding shares of Common Stock into a larger number of shares, (iii) combines (including by way of a reverse stock split) outstanding shares of Common Stock into a smaller number of shares or (iv) issues, in the event of a reclassification of shares of the Common Stock, any shares of capital stock of the Company, then the Conversion Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock (excluding any treasury shares of the Company) outstanding immediately before such event, and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event. Any adjustment made pursuant to this Section shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

  • Adjustments for Stock Splits, Stock Dividends, etc If from time to time while this Agreement shall remain in force and effect there is any stock split-up, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Stockholder is entitled by reason of his ownership of Shares shall be immediately subject to the restrictions on transfer and other provisions of this Agreement in the same manner and to the same extent as such Shares.

  • Stock Splits, etc The number and kind of securities purchasable upon the exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time upon the happening of any of the following. In case the Company shall (i) pay a dividend in shares of Common Stock or make a distribution in shares of Common Stock to holders of its outstanding Common Stock, (ii) subdivide its outstanding shares of Common Stock into a greater number of shares, (iii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, or (iv) issue any shares of its capital stock in a reclassification of the Common Stock, then the number of Warrant Shares purchasable upon exercise of this Warrant immediately prior thereto shall be adjusted so that the Holder shall be entitled to receive the kind and number of Warrant Shares or other securities of the Company which it would have owned or have been entitled to receive had such Warrant been exercised in advance thereof. Upon each such adjustment of the kind and number of Warrant Shares or other securities of the Company which are purchasable hereunder, the Holder shall thereafter be entitled to purchase the number of Warrant Shares or other securities resulting from such adjustment at an Exercise Price per Warrant Share or other security obtained by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of Warrant Shares purchasable pursuant hereto immediately prior to such adjustment and dividing by the number of Warrant Shares or other securities of the Company resulting from such adjustment. An adjustment made pursuant to this paragraph shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

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