Current Price per Share definition

Current Price per Share means the average of the closing sales prices, if available, or the average of the bid and asked prices for the Warrant Shares, Common Stock or Marketable Securities, as the case may be (or their successors) on the principal market therefor for the five (5) full Trading Days preceding the day which is two (2) Business Days prior to the day of exercise, or if no such price is available, then a price that is mutually agreed upon by the Holder and the Company. If the Holder and the Company cannot agree upon a mutually acceptable price, then such price shall be determined by a written appraisal of a recognized firm of investment bankers who shall be selected by the Company and shall be reasonably acceptable to the holders of a majority of the Warrants. The determination of such independent appraiser shall be conclusive and binding on the Holder and the Company.
Current Price per Share is determined by dividing the Capital Account by the 3,178,958 total outstanding Phantom Stock shares. If there are Extraordinary Items as defined in Section 3.1.3, the total outstanding Phantom SAR shares may be adjusted. An example of the calculation of a Phantom SAR’s Account Balance is as follows: (A ) Phantom SAR’s Allocation 1,000 (B ) Initial Price Per Share $ 10.00 (C ) Capital Account at the Measurement Date $ 34,968,538 (D ) Total Outstanding Phantom Shares 3,178,958 (E ) Current Price Per Share $ 11.00 (F ) Phantom Price Appreciation = (E) minus (B) $ 1.00 (G ) Phantom SAR’s Account Value = (A) times (F) $ 1,000
Current Price per Share means the average of the closing sales prices, if available, or the average of the bid and asked prices for the Common Stock on the Trading Market for the ten (10) full Trading Days preceding the day which is two (2) Business Days prior to the day of exercise, or if no such price is available, then a price that is mutually agreed upon by the Holder and the Company. If the Holder and the Company cannot agree upon a mutually acceptable price, then such price shall be determined by a written appraisal of a recognized firm of investment bankers who shall be selected by the Company and shall be reasonably acceptable to the Holder. The determination of such independent appraiser shall be conclusive and binding on the Holder and the Company.

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.

  • Valuation of Debt Instruments and Computation of Current Price per Share by Certain Open-End Investment Companies (Money Market Funds), Investment Company Act Release No.13380 (July 11, 1983) [48 FR 32555 (July 18, 1983)].An investment company is said to have internalized its management functions when most or all of the services traditionally provided by the investment adviser or third parties are performed at cost by salaried employees of the fund or by subsidiariesof the fund.

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  • 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.

  • 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.

  • 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.

  • 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.


More Definitions of Current Price per Share

Current Price per Share shall be the Book Value Per Share at the date of valuation except that the Current Price Per Share shall never be less than the Initial Price Per Share.
Current Price per Share the Current Trading Price Per Share or, if no Current Trading Price Per Share is available, Fair Market Value.
Current Price per Share means the Capital Account divided by 11,400,000 total outstanding Phantom Stock shares at the end of each Plan Year. If there are Extraordinary Items as defined in Section 3.1.3, the total outstanding Phantom SAR shares shall be adjusted accordingly.

Related to Current Price per Share

  • Exercise Price means the initial exercise price or the adjusted exercise price, depending on the context.

  • Market Value per Share means, as of any particular date, the closing price of a Common Share as reported for that date on the New York Stock Exchange or, if the Common Shares are not then listed on the New York Stock Exchange, on any other national securities exchange on which the Common Shares are listed, or if there are no sales on such date, on the next preceding trading day during which a sale occurred. If there is no regular public trading market for the Common Shares, then the Market Value per Share shall be the fair market value as determined in good faith by the Committee. The Committee is authorized to adopt another fair market value pricing method provided such method is stated in the applicable Evidence of Award and is in compliance with the fair market value pricing rules set forth in Section 409A of the Code.