Examples of Original Number of Shares in a sentence
Adjusted Number of Shares Granted = Original Number of Shares Granted x stock split or stock consolidation ratio In the case of a stock split, the Adjusted Number of Shares Granted shall apply from the day after the record date of the said stock split (or effective date when no record date is specified).
Pursuant to action taken by the Compensation Committee, each such option that is not covered by the foregoing is to continue as a Columbia/HCA Option but is to be adjusted so that (1) the per share exercise price shall equal the original per share exercise price multiplied by the Columbia/HCA Ratio and (2) the number of shares of Columbia/HCA Stock covered shall equal the Original Number of Shares divided by the Columbia/HCA Ratio.
Pursuant to action taken by the Compensation Committee under the Triad Option Plan, each such option that is held by a Triad Employee, or by a Triad Terminee (or his estate), is to be replaced by a Triad Option which (1) covers a number of shares of Triad Stock equal to the Original Number of Shares divided by the Triad Ratio and (2) has a per share exercise price equal to the original per share exercise price multiplied by the Triad Ratio.
If, at any time prior to the third anniversary of the Effective Date, Holder shall cease to hold at least the Original Number of Shares for any reason, then immediately, and without any further action on the part of the Company, all Unvested Units as of such date (the “Vesting Termination Date”) will automatically cease to be subject to any further vesting pursuant to Section 3.01.
Such action should include, but is not limited to, speaking directly with the affected person, developing a specific account of the actions, omissions or occurrences that are deemed discriminatory, harassing or retaliatory, consulting with an office/department head, and taking corrective or disciplinary action as appropriate.
In addition, pursuant to action taken by the Compensation Committee under the LifePoint Option Plan, each holder of such an option is to be entitled to a LifePoint Option which covers a number of shares of LifePoint Stock equal to the Original Number of Shares multiplied by the LifePoint Share Multiple and which has a per share exercise price calculated as described below.
Percent of the Original Number of Shares that Vesting Date Vest* --------------- ----------------------- March 31, 2006 33% January 2, 2007 33% January 2, 2008 34% * The number of Shares that vest each year, resulting from multiplying the original number of Shares by the percentage shown, shall be rounded up to the nearest whole number, but the total number of Shares that vest over the entire vesting period shall not exceed, in the aggregate, the total number of Shares identified in this Agreement above.
Pursuant to action taken by the Compensation Committee under the LifePoint Option Plan, each such Columbia/HCA Option that is held by a LifePoint Employee, or by a LifePoint Terminee (or his estate), is to be replaced by a LifePoint Option which (1) covers a number of shares of LifePoint Stock equal to the Original Number of Shares divided by the LifePoint Ratio and (2) has a per share exercise price equal to the original per share exercise price multiplied by the LifePoint Ratio.
In the event that on the date the Final Order is entered by the Court the aggregate value of the Original Number of Shares, based upon the weighted average of the closing price of Charter's common stock for the thirty (30) calendar days prior to the Final Valuation Date (the "Judgment Valuation"), is less than $5 million, Charter shall contribute sufficient shares to create $5 million of value based on the Judgment Valuation.
Pursuant to action taken by the Compensation Committee under the Triad Option Plan, each such option holder is to also be entitled to a Triad Option which covers a number of shares of Triad Stock equal to the Original Number of Shares multiplied by the Triad Share Multiple and which has a per share exercise price calculated as described below.