Non-Diluted Basis definition
Non-Diluted Basis means the number of issued and outstanding Class A Shares (assuming conversion of Class B Shares to Class A Shares on a three-for-one basis) held by a person or group of persons divided by the issued and outstanding Class A Shares (assuming conversion of Class B Shares to Class A Shares on a three-for-one basis) as of the relevant time.
Non-Diluted Basis means, as of any date of determination, taking into account all issued and outstanding Capital Stock of the Company, but excluding any (a) Capital Stock issued after the Agreement Date upon the exercise or conversion of any Stock Equivalents and (b) Capital Stock issued pursuant to any management incentive plan or director incentive plan of the Company.
Non-Diluted Basis means before giving effect to the exercise, conversion or exchange of any securities exercisable for, convertible into or exchangeable for Common Shares.