Option Conversion Ratio definition

Option Conversion Ratio means the quotient, calculated to five decimal places, obtained by dividing (x) the Offer Price by (y) the Parent Share Price at the Effective Time.

Option Conversion Ratio means (i) the Share Consideration plus (ii) the Cash Consideration divided by the Average Price.

Option Conversion Ratio the ratio of the pre-adjustment exercise price of the Altria Options being adjusted to the Altria Pre-Adjustment Price.

Examples of Option Conversion Ratio in a sentence

• Each Converted GRAIL Option shall have a per-share exercise price equal to (i) the per-share exercise price of the corresponding Illumina Option Award divided by (ii) the GRAIL Option Conversion Ratio, rounded up to the nearest cent.

• The exercise price per share of the First Merchants Option delivered in exchange for a Level One Option shall be equal to (i) the per share exercise price of such Level One Option immediately prior to the Effective Time divided by (ii) the Option Conversion Ratio.

• Each new Newspaper Holdco Stock Option will cover a number of shares of Series B Newspaper Holdco Common Stock, rounded down to the nearest whole share, equal to the number of shares of Series B Belo Common Stock subject to the corresponding Belo Stock Option multiplied by the Equity Adjustment Ratio, and the per share exercise price of such new stock option, rounded up to the nearest 1/100th of a cent, will be determined by multiplying the Newspaper Holdco Stock Value by the Option Conversion Ratio.

• Each adjusted Belo Stock Option will cover a number of shares of Series B Belo Common Stock equal to the number of such shares subject to the Belo Stock Option immediately prior to its adjustment, and the per share exercise price of the adjusted Belo Stock Option, rounded up to the nearest 1/100th of a cent, will be determined by multiplying the Belo Post-Distribution Stock Value by the Option Conversion Ratio.

• The exercise price per share for each In-the-Money Unvested Option after the Effective Time will be determined by dividing the per share exercise price for such In-the-Money Unvested Options immediately before the Effective Time by the Option Conversion Ratio.

More Definitions of Option Conversion Ratio

Option Conversion Ratio means (1) the Default Cash Election Amount, divided by (2) the Parent Trading Price.

Option Conversion Ratio means the ratio of the pre-adjustment exercise price of the applicable Kraft Foods Option or Kraft Foods SAR to the Kraft Foods Pre-Adjustment Price.

Option Conversion Ratio means (a) the Per Share Closing Merger Consideration divided by (b) the volume weighted average price for a SPAC Class A Share on the principal securities exchange on which such security is traded (which is currently the NEO Exchange) during the five (5)-Business Day period ending at the official close of trading on the date immediately preceding the Closing Date or the Effective Time, whichever is later.

Option Conversion Ratio means .085124.

Option Conversion Ratio means a fraction, the numerator of which is the Offer Price and the denominator of which is the average for the five trading-day period ending with the trading-day immediately preceding the date on which the Effective Time occurs of the average of the high and low prices for trades in Parent Common Stock on the Nasdaq National Market Trading System, as reported by the Wall Street Journal (or, if not so reported, as reported by another reputable source selected by Parent), appropriately adjusted for any stock splits, stock dividends, recapitalizations or similar events.

Option Conversion Ratio means with respect to each Belo Stock Option outstanding on the Distribution Date the quotient determined by dividing (i) the exercise price of such Belo Stock Option by (ii) the Belo Pre-Distribution Stock Value.

Option Conversion Ratio has the meaning specified in Section 8.4(b).