Current Price per Share definition
Examples of Current Price per Share in a sentence
The Company shall pay a cash adjustment in respect of such fractional interest in an amount equal to the Current Price per Share of one share of Warrant Shares at the time of such exercise multiplied by such fraction computed to the nearest whole cent.
For the purposes of the foregoing, outstanding Options shall be deemed to include (without duplication) any Options issued to directors, officers, employees or advisors of, or consultants to, the Company in accordance with plans or other arrangements approved by the Board, to the extent such Options have an exercise price equal to or below the Current Price per Share.
The Voting Shareholders shall be entitled, by payment of the Current Price per Share in cash at the time, and from time to time when, the Shares are transferred, to purchase such portion of the Purchased Shares as is determined by the fraction having, as its numerator, the number of Voting Shares held by such Voting Shareholder and, as its denominator, the number of Voting Shares held by all of the Voting Shareholders.
Subject to the requisite approval under Section 2.8 hereof and any constraints imposed by law on the repurchase of Shares by the Corporation (the "Liquidity Constraints"), the Corporation shall pay to the Departing Employee or his or her estate, as applicable, the Current Price per Share in cash at the time, and from time to time when, the Shares are transferred.
If the Voting Shareholders subscribe for less than 100% of the Shares available for purchase from the Departing Employee, those Non-Voting Shareholders which the Board, in the exercise of a complete discretion, determines are eligible to acquire any remaining Shares, shall thereafter have the option to acquire any remaining Shares at the Current Price per Share on a pro-rata basis.
If the purchase of the Shares of the Departing Employee as contemplated herein cannot be completed by the Corporation owing to Liquidity Constraints, the Voting Shareholders shall thereafter have the option, exercisable at any time, to acquire such Shares at the Current Price per Share on a pro-rata basis, determined on the basis of the number of Shares held by them or in any other proportion as may be agreed by the purchasing Voting Shareholders.
The purchase price of the Shares subject to the Option shall be $[Insert Current Price] per Share (the “Option Price”), subject to adjustment as set forth in the Plan.
The Non-Voting Shareholders shall be entitled to purchase, by payment of the Current Price per Share in cash at the time, and from time to time when, the Shares are transferred, such portion of the Purchased Shares as is determined by the fraction having, as its numerator, the number of Non-Voting Shares held by such Non-Voting Shareholder and, as its denominator, the number of Non-Voting Shares held by all of the Non-Voting Shareholders.