Discretionary Adjustment definition

Discretionary Adjustment. Any adjustment to the Conversion Rate pursuant to Section 4.05(h) of the Indenture. Strike Price: USD84.1907 Rounding of Strike Price/ Option Entitlement: In connection with any adjustment to the Option Entitlement or Strike Price, the Option Entitlement or the Strike Price, as the case may be, shall be rounded by the Calculation Agent in accordance with the provisions of the Indenture relating to rounding of the “Conversion Price” or the “Conversion Rate” as applicable (each as defined in the Indenture).

Discretionary Adjustment. Any adjustment to the Conversion Rate pursuant to Section 4.05(b) of the Indenture.

Discretionary Adjustment. Any adjustment to the Conversion Rate pursuant to Section 10.04(f) of the Indenture. Strike Price: As of any date, an amount in USD, rounded to the nearest cent (with 0.5 cents being rounded upwards), equal to USD 1,000 divided by the Option Entitlement as of such date.

Examples of Discretionary Adjustment in a sentence

• Notwithstanding Section 11.2(e) of the Equity Definitions, a “Potential Adjustment Event” means any occurrence of any event or condition, as set forth in Sections 4.04(a), (b), (c), (d), (e), (f) or 4.05(a) of the Indenture, that would result in an adjustment under the Indenture to the “Conversion Rate” or any other term of the Convertible Notes; provided that in no event shall there be any adjustment hereunder as a result of a Fundamental Change Adjustment or a Discretionary Adjustment.

• As soon as practicable following the completion of the Performance Period applicable to a Performance Award, the Committee shall certify in writing the extent to which the applicable Performance Goals have been attained and the resulting final value of the Award earned by the Participant and to be paid upon its settlement in accordance with the applicable Performance Award Formula.(b) Discretionary Adjustment of Award Formula.

• Notwithstanding Section 11.2(e) of the Equity Definitions, a “Potential Adjustment Event” means any occurrence of any event or condition, as set forth in Section 5.06 of the Indenture that would result in an adjustment to the Conversion Rate of the Convertible Notes; provided that in no event shall there be any adjustment hereunder as a result of the Fundamental Change Adjustment or Discretionary Adjustment provisions of the Indenture.

• As soon as practicable following the completion of the Performance Period applicable to a Performance Award, the Committee shall determine the extent to which the applicable Performance Goals have been attained and the resulting final value of the Award earned by the Participant and to be paid upon its settlement in accordance with the applicable Performance Award Formula.(b) Discretionary Adjustment of Award Formula.

• For the avoidance of doubt, in no event will Dealer or the Calculation Agent take into account any Excluded Adjustment or Discretionary Adjustment in determining the Net Shares in respect of any Option exercised or deemed exercised in respect of any Relevant Purchase Contracts.

More Definitions of Discretionary Adjustment

Discretionary Adjustment. Any adjustment to the Conversion Rate as set forth in the section of the Supplemental Indenture containing the provisions described in the second to last paragraph in the Prospectus Supplement under “Description of Notes — Conversion Rate Adjustments” (i.e., the paragraph commencing with “We are permitted to increase...”).

Discretionary Adjustment. Any adjustment to the “Fixed Settlement Rates” (as defined in the Purchase Contract Agreement) pursuant to Section 5.01(c) of the Purchase Contract Agreement. Strike Price: USD50.40 Cap Price: USD58.80 Rounding of Strike Price/Option Entitlement/Cap Price: In connection with any adjustment to the Option Entitlement or Strike Price, the Option Entitlement or the Strike Price, as the case may be, shall be rounded by the Calculation Agent in accordance with the provisions of the Purchase Contract Agreement relating to rounding of the “Threshold Appreciation Price” or the “Minimum Settlement Rate” as applicable (each as defined in the Purchase Contract Agreement). In connection with any adjustment to the Cap Price hereunder, the Calculation Agent will round the adjusted Cap Price to the nearest $0.0001.

Discretionary Adjustment means an adjustment by PM in the amount of PM tobacco to be processed hereunder by Contractor in any Contract Year pursuant to Section 3.8.4.

Discretionary Adjustment means the authority of the Committee:

Discretionary Adjustment. Any adjustment to the Conversion Rate pursuant to Section [14.04(h)]22 of the Indenture. Strike Price: USD [ ]23 Cap Price: USD [ ] 17 Include for base capped call. 18 Include for additional capped call. 19 To be Dealer’s percentage of the overall capped call transaction. 20 To be the initial “Conversion Rate.” 21 Insert cross reference to section of the Indenture addressing “make whole fundamental change” adjustments to the Conversion Rate. 22 Insert cross reference to sections of the Indenture permitting discretionary adjustments to the Conversion Rate by Counterparty. 23 To be the initial “Conversion Price.” Rounding of Strike Price/ Cap Price/Option Entitlement: In connection with any adjustment to the Option Entitlement or Strike Price, the Option Entitlement or Strike Price, as the case may be, shall be rounded by the Calculation Agent in accordance with the provisions of the Indenture relating to rounding of the “Conversion Price” or the “Conversion Rate”, as applicable (each as defined in the Indenture). In connection with any adjustment to the Cap Price hereunder, the Calculation Agent will round the adjusted Cap Price to the nearest USD 0.0001.

Discretionary Adjustment. Any adjustment to the Conversion Rate pursuant to Section 5.06 of the Indenture. Applicable Limit: For any Option, an amount of cash equal to the Applicable Percentage multiplied by the excess of (i) the aggregate of (A) the amount of cash, if any, paid to the Holder of the related Convertible Note upon conversion of such Convertible Note and (B) the number of Shares, if any, delivered to the Holder of the related Convertible Note upon conversion of such Convertible Note multiplied by the Applicable Limit Price on the Settlement Date for such Option, over (ii) USD 1,000. Applicable Limit Price: On any day, the opening price as displayed under the heading “Op” on Bloomberg page CBRL <equity> (or any successor thereto).

Discretionary Adjustment. Any adjustment to the Conversion Rate pursuant to Section 13.04(h) of the Indenture. Strike Price: USD 127.2232 Cap Price: USD 212.0400 6 Include for base capped call. 7 Include for additional capped call. 8 Include for base capped call. 9 Include for additional capped call. 10 To be Dealer’s percentage of the overall capped call transaction. Rounding of Strike Price/Cap Price/Option Entitlement: In connection with any adjustment to the Option Entitlement or Strike Price, the Option Entitlement or Strike Price, as the case may be, shall be rounded by the Calculation Agent in accordance with the provisions of the Indenture relating to rounding of the “Conversion Price” or the “Conversion Rate”, as applicable (each as defined in the Indenture). In connection with any adjustment to the Cap Price hereunder, the Calculation Agent will round the adjusted Cap Price to the nearest USD 0.0001.