Incentive Award Exchange Ratio definition

Incentive Award Exchange Ratio means that fraction determined by dividing the Merger Consideration by the Parent Stock Price.
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Incentive Award Exchange Ratio shall be the quotient of (x) divided by (y), where (x) is the per share closing price of the Company Common Stock at the Acceptance Time (or, if such date is not a trading day, the trading day immediately preceding the Acceptance Time) on the NYSE and (y) is the per share closing price of Parent Common Stock at the Acceptance Time (or, if such date is not a trading day, the trading day immediately preceding the Acceptance Time) on the NYSE.
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Incentive Award Exchange Ratio shall be the sum of (x) plus (y), where (x) is the Exchange Ratio and (y) is the quotient of (i)(A) the Cash Consideration plus (B) the Special Dividend Per Share Amount divided by (ii) the Parent Trading Price.
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Examples of Incentive Award Exchange Ratio in a sentence

  • The number of shares of Parent Common Stock subject to each award of Assumed RSUs shall be determined by multiplying the number of shares of Company Common Stock subject to each award of Unvested Company RSUs as of immediately prior to the Effective Time by the Incentive Award Exchange Ratio (with the resulting number rounded down to the nearest whole share).

  • The exercise price per share of Hertz common stock subject to the adjusted Hertz stock option will be equal to the per share exercise price of such DTG stock option divided by the Incentive Award Exchange Ratio.

  • Under the Alterra Merger Agreement the 1.7 million stock options outstanding under Alterra's equity incentive plans were exchanged for Markel stock options at an exchange ratio of 0.06252 (the Incentive Award Exchange Ratio).

  • Each outstanding Alterra restricted stock unit and restricted common share was converted into a Markel restricted stock unit or restricted stock based upon the Incentive Award Exchange Ratio.

  • On the “Merger Closing Date” (as defined in the Merger Agreement), 50% of each tranche of your Restricted Stock Units will not vest, but rather will be converted into a number of restricted stock units with respect to Scientific Games common stock that is equal to the number of Restricted Stock Units Stock immediately prior to the Merger Closing Date multiplied by the Incentive Award Exchange Ratio (rounded down to the nearest whole share).


More Definitions of Incentive Award Exchange Ratio

Incentive Award Exchange Ratio shall have the meaning set forth in Section 2.3(a).
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Incentive Award Exchange Ratio means the quotient of (x) divided by (y), rounded down to the nearest whole share, where (x) is the per share closing price of Dollar Thrifty common stock at the Acceptance Time (or, if such date is not a trading day, the trading day immediately preceding the Acceptance Time) on the NYSE and (y) is the per share closing price of Hertz common stock at the Acceptance Time (or, if such date is not a trading day, the trading day immediately preceding the Acceptance Time) on the NYSE.
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Incentive Award Exchange Ratio is the quotient of (x) the per share closing price of the Company common stock on the Merger Closing Date (or, if such date is not a trading day, the trading day immediately preceding the Merger Closing Date) divided by (y) the per share closing price of Scientific Games common stock on the Merger Closing Date (or, if such date is not a trading day, the trading day immediately preceding the Merger Closing Date). Your restricted stock units with respect to Scientific Games common stock will represent the right to receive, in accordance with the terms of the Plan and this Restricted Stock Unit Agreement, the number of shares of Scientific Games common stock, in accordance with the vesting schedule set forth in Paragraph 3 above. Notwithstanding anything to the contrary set forth in the Plan, your Restricted Stock Units will continue to be subject to Section 11 of the Plan following the Merger Closing Date.
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Related to Incentive Award Exchange Ratio

  • Equity Award Exchange Ratio means the sum of (i) the Share Consideration, plus (ii) the quotient of (x) the Cash Consideration divided by (y) the Parent Stock Price, rounded to the nearest one thousandth.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Performance Unit Award means an award of Performance Units under this Plan.

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Award Value means the value, in dollars, of an award made to a Participant and as stated in the applicable Award Agreement, which is provided under the Plan in the form of PSUs or RSUs, as the case may be.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Performance Award Agreement means a written agreement between the Company and a Holder with respect to a Performance Award.

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Option Exchange Ratio means the quotient obtained by dividing (i) the Cash Amount Per Share by (ii) the Acquiror Common Stock Price.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Performance Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.

  • Performance Unit means an Award which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 10.

  • Equity Award means stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares or any other form of award that is measured with reference to the Stock.

  • Bonus Award means a bonus award made pursuant to Section 9.

  • Award Cycle means a period of consecutive fiscal years or portions thereof designated by the Committee over which Performance Units are to be earned.

  • Appreciation Award means any Award under this Plan of any Stock Option, Stock Appreciation Right or Other Stock-Based Award, provided that such Other Stock-Based Award is based on the appreciation in value of a share of Common Stock in excess of an amount equal to at least the Fair Market Value of the Common Stock on the date such Other Stock-Based Award is granted.

  • Cash Performance Award means an Award that is denominated by a cash amount to an Eligible Person under Section 10 hereof and payable based on or conditioned upon the attainment of pre-established business and/or individual Performance Goals over a specified performance period.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • RSU Award Agreement means a written agreement between the Company and a holder of a RSU Award evidencing the terms and conditions of a RSU Award grant. The RSU Award Agreement includes the Grant Notice for the RSU Award and the agreement containing the written summary of the general terms and conditions applicable to the RSU Award and which is provided to a Participant along with the Grant Notice. Each RSU Award Agreement will be subject to the terms and conditions of the Plan.