Conversion Formula means, with respect to the cash component of an Award, the number of Stock Account Shares obtained by dividing such Award amount by the closing price as reported on the New York Stock Exchange Composite Tape of PPG Stock on the date payment of the Award is processed.
Conversion Formula. The formula for determining the number of Class A Shares to be issued to the Managing Member upon the conversion of its Class B Shares in a Series. If all of the 1,000 Series Class B Shares are being converted, the conversion formula is as follows: Multiply 10% by the positive difference between the Market Value of the Series Class A Shares on the conversion date and their Aggregate Offering Price, and divide the product so obtained by the Price Per Share of the Class A Shares. If only a portion of the Class B Shares are being converted, the figure determined in the preceding sentence shall be multiplied by a fraction, the numerator of which is the total Class B Shares being converted and the denominator of which is 1,000. Delaware Act means the Delaware Limited Liability Company Act, 6 Del. C. Section 18-101, et seq.
Conversion Formula means dividing an amount by the average of the closing sale prices for PPG Stock reported on the New York Stock Exchange-Composite Tape for all days in the month of January during which the New York Stock Exchange is open during the year following the Plan Year to which the Award relates.
Examples of Conversion Formula in a sentence
Subject to the terms hereof and restrictions and limitations contained herein, the Holder shall have the right, at the Holder's sole option, at any time and from time to time to convert in whole or in part the outstanding and unpaid Principal Amount under this Note into shares of Common Stock as per the Conversion Formula.
Conversion Formula: Daily Interest Rate = Annual Interest Rate / 360.
The Conversion Formula described in Sections 2.2 and the number and kind of shares or other securities to be issued upon conversion is subject to adjustment upon any of the events as described in 2.3.1 to 2.3.3, or any other event as mutually agreed in writing by both the Holder and Borrower.
The adjustment due to any of the described events shall be: The result of the Conversion Formula described in 2.2 above shall be multiplied by (2) two, such that the number of shares calculated in the Conversion Formula would be doubled.
The payout, if any, of a Performance Award will be made (A) in Shares, calculated based on the Conversion Formula (as defined below), to each Participant who is employed by the Company as an executive vice president or more senior officer (“Executive Officer Participant”) at the time of such payout and (B) in cash in all other circumstances.
More Definitions of Conversion Formula
Conversion Formula means the appropriate formula which shall be applied in adjusting the exercise price and award size of NSI options under the NSI Stock Incentive Plans and in determining the exercise price and number of Spinco options under the Spinco Stock Incentive Plans. The Conversion Formula shall be based on the closing per share prices of NSI Common Stock (with a due xxxx) and Spinco Common Stock (on a when-issued basis) as traded on the New York Stock Exchange on the Distribution Date or such other prices as jointly agreed upon by Spinco and NSI, and shall be determined and applied in such a manner as to maintain (1) the aggregate spread (or, if there is no such spread, the economic value) of such options, which is the difference between the exercise price per share of NSI Common Stock covered by the option and the price per share of NSI Common Stock (with a due xxxx) immediately preceding the Distribution, multiplied by the total number of shares covered by the option; and
Conversion Formula. For purposes of placement on the salary schedule, conversions between quarter credits and semester credits shall be accomplished using the following formula: “Q = 1.5 x S” where “Q” equals the number of quarter credits and “S” equals the number of semester credits.
Conversion Formula means the appropriate formula described in the Form 10, filed with the Securities and Exchange Commission by PepsiCo in connection with the Distribution, which shall be applied for adjusting the exercise price and award size of PepsiCo stock options under the PepsiCo Long-Term Incentive Plan, PepsiCo SharePower Plan and PepsiCo Stock Option Incentive Plan or for determining the exercise price and number of TRICON stock options issued as a result of the conversion of PepsiCo options granted under the PepsiCo Long-Term Incentive Plan, the PepsiCo Stock Option Incentive Plan and the PepsiCo SharePower Plan, as applicable.
Conversion Formula has the meaning set forth in Section 2.04(c).
Conversion Formula means the following formula, as calculated by the Bank, pursuant to which, in connection with a Conversion Event, the Holders of the Notes shall be entitled to receive a certain amount of Common Shares and Preferred Shares of the Bank: Where: Number = Number of Common Shares and Preferred Shares, in the proportion of the Bank’s Units. Issuance Amount = Outstanding balance of the Notes, plus accrued and unpaid interest thereon, if any, converted into Reais based upon the United States of America dollar sale rate calculated using the PTAX-800 (Option 5) transaction published by SISBACEN on the date preceding the conversion date. Conversion Price = The higher of (a) the weighted average price of the Units in the trading session of BM&FBOVESPA of the last 30 days prior to the Board of Directors meeting that approves the capital increase, and (b) the Floor Price (corresponding to R$6.93 per Unit). The weighted average price of Units in the trading session of BM&FBOVESPA mentioned above or the Floor Price shall be divided by the number of shares that form one Unit by the time of the conversion in order to reach the issuance price per share. The Floor Price shall be subject to future adjustments due to the following corporate events: splitting or grouping of shares or bonus shares and capital decrease without decreasing the number of shares, or any other corporate event subject to adjustments in the amount of shares or price pursuant to the rule of BM&FBOVESPA (the “Adjustments”), as determined by the Board of Directors of the Bank. The aim of the Adjustments is to preserve the proportionality of the economic basis for the conversion of the Notes into Common Shares and Preferred Shares. Based on (i) the Issuance Amount of Notes equivalent to R$3,000,000,000; and (ii) the Floor Price, the maximum number of Common Shares and Preferred Shares that may be delivered to the Holders of the Notes due to the conversion, based on the date of issuance of the Notes, shall be 45,431,600,202 shares (including Common Shares and Preferred Shares), subject to the Adjustments. The Board of Directors shall be responsible for determining the necessary Adjustments in the 30 days following the event requiring the Adjustments subject to the prior approval of the Central Bank.
Conversion Formula means the appropriate formula which shall be applied in adjusting the exercise price and award size of Options under the Parent Stock Incentive Plans and in determining the exercise price and number of SpinCo Options under the SpinCo Incentive Plans. The Conversion Formula shall be based on the closing per share prices of Parent Common Stock and SpinCo Common Stock as reported on the New York Stock Exchange on the first trading day following the Distribution Date or such other prices as jointly agreed upon by SpinCo and Parent, and shall be determined and applied in such a manner as to maintain (1) the aggregate spread of such Options, which is the difference between the exercise price per share of Parent Common Stock covered by the Option and the price per share of Parent Common Stock immediately preceding the Distribution, multiplied by the total number of shares covered by the Option; and (2) the ratio of the exercise price per share covered by the Option to the price per share of Parent Common Stock immediately preceding the Distribution.
Conversion Formula means the appropriate formula which shall be applied in adjusting the exercise price and award size of Equifax options under the Equifax Stock Incentive Plans and in determining the exercise price and number of Certegy options under the Certegy Stock Incentive Plans. The Conversion Formula shall be based on the closing per share prices of Equifax common stock (with a due xxxx) and Certegy Common Stock (on a when-issued basis) as traded on the New York Stock Exchange on the last trading day immediately preceding the Distribution or such other prices as jointly agreed upon by Certegy and Equifax, and shall be determined and applied in such a manner as to maintain (1) the aggregate spread of such options, which is the difference between the exercise price per share of Equifax Common Stock covered by the option and the price per share of Equifax Common Stock (with a due xxxx) immediately preceding the Distribution, multiplied by the total number of shares covered by the option; and