Appropriate Number definition
Examples of Appropriate Number in a sentence
Note: Contractor to Evaluate and Determine Appropriate Number of Hours and Staffing to Accomplish Scope of Work at Each Facility.
At the Effective Time, each share of common stock, no par value, of Empire-US ("Empire-US Common Stock") that is issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger (and without any action on the part of ITI, Empire-US, or the holder thereof) be converted into the right to receive the Appropriate Number of fully paid and nonassessable shares of common stock, par value $0.01 per share, of ITI ("ITI Common Stock").
For purposes of the preceding sentence, the "Appropriate Number" means (i) 9,384,671 divided by (ii) the number of shares of Empire-US Common Stock issued and outstanding immediately prior to the Effective Time.