Examples of Option Ratio in a sentence
The per-share exercise price of such Adjusted Option shall equal the per-share exercise price of the original Crane Option as of the Close of the Distribution Date divided by the Option Ratio.
Parent shall determine the ratio (the "Company Option Ratio") of (i) the exercise price for a share of Company Common Stock subject to each Company Stock Option (the "Company Exercise Price") to (ii) the average closing price of a share of Company Common Stock for the five trading days ending on the trading day immediately prior to the Effective Time (the "Company Closing Value").
The number of shares of Conexant Common Stock subject to the Conexant Option will equal the number of shares subject to such Rockwell Option being replaced immediately prior to the Time of Distribution, multiplied by the reciprocal of the Conexant Option Ratio, and, if any resultant fractional share of Conexant Common Stock exists, rounded down to the nearest whole share, without any payment for such fractional share.
Parent shall establish the exercise price to purchase each Parent Ordinary Share (the "Parent Exercise Price") under each assumed option such that the ratio of (i) the Parent Exercise Price to (ii) the average closing price of each Parent Ordinary Share for the five trading days starting with the first trading day occurring after the Effective Time (the "Parent Closing Value") is equal to the Company Option Ratio.
Each Adjusted Option shall provide for the option to purchase a number of shares of Crane Common Stock equal to the number of shares of Crane Common Stock subject to the original Crane Option as of the Close of the Distribution Date, multiplied by the Option Ratio, and then rounded to the nearest whole share.