Conexant Option Spread definition
Conexant Option Spread means (i) with respect to any Conexant Option received by a holder of a Rockwell Split Option pursuant to Section 5.01(b) that is not subject to Section 5.01(c), the Pre-Distribution Rockwell Option Spread of the corresponding Rockwell Split Option minus the Ex-Distribution Rockwell Option Spread of such Rockwell Split Option or (ii) with respect to any Conexant Option received by a holder of a Rockwell Split Option pursuant to Section 5.01(b) that is subject to the provisions of Section 5.01(c), (A) the Average Price of Conexant Common Stock minus $1.00, multiplied by (B) the number of shares of Conexant Common Stock subject to such Conexant Option.
Conexant Option Spread means (i) with respect to any Conexant Option received by a holder of a Rockwell Split Option pursuant to paragraph (c) of this memorandum that is not subject to paragraph (d) of this memorandum, the Pre-Distribution Rockwell Option Spread of the corresponding Rockwell Split Option minus the Ex-Distribution Rockwell Option Spread of such Rockwell Split Option or (ii) with respect to any Conexant Option received by a holder of a Rockwell Split Option pursuant to paragraph (c) of this memorandum that is subject to the provisions of paragraph (d) of this memorandum, (A) the Average Price of Conexant Common Stock minus $1.00, multiplied by (B) the number of shares of Conexant Common Stock subject to such Conexant Option.
Conexant Option Spread means (i) with respect to any Conexant Option received by a holder of a Rockwell Split Option pursuant to paragraph (c) of this memorandum that is not subject to paragraph (d) of this memorandum, the Pre-Distribution Rockwell Option Spread
Examples of Conexant Option Spread in a sentence
Subject to the provisions of Section 5.01(c), the Conexant Option will have a per-share exercise price equal to (i) the Average Price of Conexant Common Stock, minus (ii) the amount obtained by dividing the Conexant Option Spread of such Conexant Option by the number of shares of Conexant Common Stock subject to such Conexant Option.