Initial Stock Price definition
Examples of Initial Stock Price in a sentence
The Initial Stock Price will not be adjusted, however, unless such Ex-Dividend Date occurs after the Pricing Date and on or before the Valuation Date on which the Valuation Stock Price will be determined.
Section 7.5 of the Plan defines the basis under which this adjustment is made with respect to Eligible Policyholders who receive cash or policy credits as a form of consideration with respect to any of his or her Eligible Policies if the average trading price of the stock in the 20 days following the IPO exceeds the Initial Stock Price by more than 10%.
In such event, such Eligible Policyholders receive additional consideration equal to the product of (x) and (y), where (x) equals the excess of (i) the ratio of the average trading price to the Initial Stock Price over (ii) 1.1, and (y) equals the amount of their calculated consideration (i.e., the sum of the Basic Fixed Component, any Basic Variable Component, and any Additional Components) on such Eligible Policies.
The Initial Stock Price for each Stock will be subject, independently and separately, to the adjustments described in Sections 3.2 through 3.6 with respect to the events that affect such Stock.
The Initial Stock Price will not be adjusted pursuant to this Section 3.5 unless the Ex-Dividend Date for the Extraordinary Dividend occurs after the Pricing Date and on or before the Valuation Date on which the Valuation Stock Price will be determined.