Stock Portion definition

Stock Portion is defined in Section 2.2(a)(iii) hereof.

Stock Portion means a number of shares of Veritas Common Stock equal to the sum of (i) the quotient obtained by dividing (x) (A) the number of shares of Veritas Common Stock held by Seagate immediately prior to the Effective Time, multiplied by (B) 0.853743, by (y) the Outstanding Shares, (ii) the quotient obtained by dividing (x) (A) the VP Amount, divided by (B) the Average Veritas Stock Price, by (y) the Outstanding Shares, and (iii) the ISA Amount.

Stock Portion means a number of shares of Veritas Common Stock equal to the sum of (i) the quotient obtained by dividing (x) (A) the number of shares of Veritas Common Stock held by Seagate immediately prior to the Effective Time, multiplied by (B) 0.853743, by (y) the Outstanding Shares, (ii) the quotient obtained by dividing (x) (A) the VP Amount, divided by (B) the Average Veritas Stock Price, by (y) the Outstanding Shares, and (iii) the ISA Amount.

Examples of Stock Portion in a sentence

• After payment of the ordinary income tax, the shares you receive for the Stock Portion of your payout will have a tax basis equal to the closing price of L&P stock on the Payout Date.

• The Company will withhold (at the Company’s required withholding rate) any amount required to satisfy applicable tax laws (i) in cash from the Cash Portion of the payout and (ii) in shares from the Stock Portion of the payout.

• You will recognize taxable income equal to the fair market value of the shares underlying the Stock Portion of the Award plus the dollar value of the Cash Portion of the Award on the Payout Date.

• You will not have the rights of a shareholder with respect to the Stock Portion of the Performance Stock Units until the underlying shares have been issued.

• The Company, at its discretion, may allow you to pay the taxes due on the Stock Portion of the payout in cash instead of shares if you make suitable arrangements with the Company prior to the Payout Date.

More Definitions of Stock Portion

Stock Portion has the meaning set forth in Section 3.02(a).

Stock Portion shall be determined as follows: (i) if the Average Market Price (as defined below) is equal to a price that is not more than $31.34 or not less than $25.64, the Stock Portion shall be equal to (x) $7.00 divided by (y) the Average Market Price; (ii) if the Average Market Price is more than $31.34, the Stock Portion shall be equal to 0.2234; and (iii) if the Average Market Price is less than $25.64, the Stock Portion shall be equal to 0.2730.

Stock Portion has the meaning given to it in Section 4.1. -----------

Stock Portion means the value of (x) the Business Combination Stock Consideration divided by (y) the sum of (A) the Business Combination Cash Consideration and (B) the Business Combination Stock Consideration.

Stock Portion means the number of shares of Landcadia Common Stock equal to (a)(i) the Per Share Merger Consideration multiplied by (ii) the Stock Percentage divided by (b) the Reference Price.

Stock Portion. Section 2.3(b)

Stock Portion means, subject to the terms of Section 2.7(c) ------------- -------------- hereof, a fraction of a share of Parent Common Stock equal to 0.9065.