Examples of Adjusted Exchange Ratio in a sentence
If, at any time after the Filing Date, the Initial Exchange Ratio or Adjusted Exchange Ratio (each as defined in the Merger Agreement) is adjusted or further adjusted from time to time in accordance with Section 8.2(e) of the Merger Agreement, then, effective upon each such adjustment, the Multiple shall automatically be reset to equal the quotient obtained by dividing the new Adjusted Exchange Ratio by the Initial Exchange Ratio, calculated to the nearest one-millionth.
During the five business day period commencing on the date of its receipt of such notice (the "Adjustment Date"), FNB shall have the option to elect to increase the Exchange Ratio to a number equal to the Adjusted Exchange Ratio.
The Exchange Ratio or the Adjusted Exchange Ratio, as applicable, shall be rounded to the nearest one-ten thousandths of a share.
The election contemplated by the preceding sentence shall be made by giving notice to Promistar of such election and of the Adjusted Exchange Ratio, whereupon no termination shall have occurred pursuant to this Section 10.1(g), and this Agreement shall remain in effect in accordance with its terms (except as the Exchange Ratio shall have been so modified), and any references in this Agreement to "Exchange Ratio" shall thereafter be deemed to refer to Adjusted Exchange Ratio.
Executive will be eligible for an annual performance bonus of between forty-five percent (45%) and sixty percent (60%) of his base salary, with forty-five percent (45%) being earned upon the Company's attainment of agreed upon financial targets and up to sixty percent (60%) based upon incremental achievement in excess of those targets, under guidelines established by the Compensation Committee.