Aggregate Spread definition

Aggregate Spread as to any Option shall mean an amount (which shall in no event be less than zero) equal to $31.50 minus the per Share exercise price of such Option multiplied by the number of Shares issuable upon exercise of such Option.

Aggregate Spread the difference between the exercise price of a Manor Care Stock Option and the Manor Care Closing Stock Price, multiplied by the number of shares covered by such Manor Care Stock Option remaining unexercised on the Cut-off Date.

Aggregate Spread means, in the case of a Heinz Option prior to the Distribution Date, the difference between the exercise price per share of Heinz Common Stock covered by such Heinz Option and the Heinz Pre-Distribution Stock Price, multiplied by the number of shares of Heinz Common Stock covered by such Heinz Option.

Examples of Aggregate Spread in a sentence

• In addition, unless the Company arranges for the purchase of such securities from the Stockholder at a price at least equal to the Aggregate Spread, upon request of the Stockholder within 45 days of such payment, the Company shall, within 90 days of such request, register the securities delivered as payment (the "Registered Securities") for resale by the Stockholder to the extent possible in an underwritten offering with an internationally recognized underwriter mutually agreeable to both parties.

• If the aggregate net proceeds to the Stockholder in such registered offering will be less than the Aggregate Spread, the Company shall deliver to the Stockholder either, at the Company's sole discretion, (i) cash equal to the amount by which the Aggregate Spread exceeds such net proceeds, or (ii) additional Registered Securities for resale in such registered offering in the amount required so that the aggregate net proceeds of such offering to the Stockholder equals the Aggregate Spread.

• For purposes of determining the adjusted option price of a Conversion Award replacing a Manor Care Stock Option, the following formula shall be used to maintain the grantee's Aggregate Spread on each outstanding grant of Manor Care Stock Options.

• The Aggregate Spread on each such outstanding grant shall be maintained by setting the adjusted option price to ensure that the difference between (1) the aggregate total Post-Conversion Stock Price for each Conversion Award of an option to acquire Manor Care Common Stock or Choice Common Stock, as the case may be, and (2) the aggregate adjusted option exercise price for each such Conversion Award, is equal to (3) the Aggregate Spread.

• In the case of Conversion Awards of nonqualified stock options or incentive stock options to acquire shares of shares of Manor Care Common Stock or Choice Common Stock, the total number of shares that may be acquired with respect to each such company shall be adjusted as necessary to maintain the Aggregate Spread and ratio described in Section 2.04(f)(iii).

More Definitions of Aggregate Spread

Aggregate Spread the number of shares covered by a PEI Stock Option remaining unexercised on the Distribution Date (after giving effect to the Distribution) multiplied by the positive difference between (i) the sum of (x) the Post-Distribution Stock Price for a share of PEI Common Stock and (y) one-fourth of the Post-Distribution Stock Price for a share of PriceSmart Common Stock and (ii) the exercise price of such PEI Stock Option.

Aggregate Spread the difference between the aggregate exercise price ---------------- of an Existing HMC Stock Award and sum of the HMC Stock Price and one-tenth (1/10) of the Crestline Stock Price, multiplied by the number of shares underlying such Existing HMC Stock Award remaining unexercised on the Distribution Date. Aggregate Value: the number of shares of HMC Common Stock covered --------------- under an Existing HMC Stock Award under the 1997 HMC Comprehensive Stock Incentive Plan as of the Distribution Date multiplied by the sum of the HMC Stock Price and one-tenth (1/10) of the Crestline Stock Price.

Aggregate Spread means the product of (i) the aggregate number of shares of Common Stock subject to all Options held by Executive as of the Effective Date or granted to Executive following the Effective Date and on or prior to the Closing Date and (ii) the excess of (A) the Change in Control Value over (B) the Exercise Price of such Options.

Aggregate Spread means: (a) in the case of a Pennzoil Stock Option, the difference between the exercise price per share of Pennzoil Common Stock covered by such Pennzoil Stock Option and the Pennzoil Pre-Distribution Stock Price, multiplied by the number of shares of Pennzoil Common Stock covered by such Pennzoil Stock Option; and (b) in the case of a Pennzoil SAR, the difference between the reference appreciation price per share of Pennzoil Common Stock covered by such Pennzoil SAR and the Pennzoil Pre-Distribution Stock Price, multiplied by the number of shares of Pennzoil Common Stock covered by such Pennzoil SAR.

Aggregate Spread is defined as the product of (i) the difference between (A) the Fair Market Value of a share of Company Common Stock on the date Parent delivers the Exercise Notice and (B) $27.59 (or if the Exercise Price is increased pursuant to this Section 2(b), such Exercise Price) multiplied by (ii) the Designated Number with respect to such exercise.

Aggregate Spread means the remainder of (A) the product of the Adjusted ACP (as defined below) times the aggregate shares of Buyer Stock issuable upon exercise of all Substitute Options minus (B) the aggregate exercise price of the Substitute Options;

Aggregate Spread means the difference between the GCG Pre-Spinoff Stock Price and the exercise price of a GCG Stock Option, multiplied by the number of shares covered by such GCG Stock Option remaining unexercised as of the close of business on the Spinoff Date.