Equivalent Shares Definition Example with 7 Variations

This page contains an example definition of Equivalent Shares, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Equivalent Shares. Shall mean, at any date of determination, (a) as to any outstanding shares of Stock, such number of shares of Stock and (b) as to any outstanding Options, Warrants or Convertible Securities which constitute Shares, the maximum number of shares of Stock for which or into which such Options, Warrants or Convertible Securities may at the time be exercised, converted or exchanged (or which will become exercisable, convertible or exchangeable on or prior to, or by reason of, the transaction or... circumstance in connection with which the number of Equivalent Shares is to be determined). View More Arrow

Variations

Equivalent Shares. Shall mean, at any date of determination, (a) as to any outstanding shares of Stock, such number of shares of Stock and Stock, (b) as to any outstanding Options, Warrants or Convertible Securities which constitute Shares, Securities, the maximum number of shares of Stock for which or into which such Options, Warrants or Convertible Securities may at the time be exercised, converted or exchanged (or which will become exercisable, convertible or exchangeable on or prior to, or by reason of, the... transaction or circumstance circumstances in connection with which the number of Equivalent Shares is to be determined) and (c) in respect of any Subsidiary of the Company, (i) as to any outstanding shares of stock of any Subsidiary of the Company, such number of shares of stock or (ii) as to any outstanding options, warrants or convertible securities, the maximum number of shares of stock of any Subsidiary of the Company for which or into which such options, warrants or convertible securities may at the time be exercised, converted or exchanged (or which will become exercisable, convertible or exchangeable on or prior to, or by reason of, the transaction or circumstances in connection with which the number of Equivalent Shares is to be determined). View More Arrow
Equivalent Shares. Shall shall mean, at any date of determination, (a) as to any outstanding shares of Common Stock, such number of shares of Common Stock and (b) as to any outstanding Options, Warrants or Convertible Securities which constitute Shares, the maximum number of shares of Common Stock for which or into which such Options, Warrants or Convertible Securities may at the time be exercised, converted or exchanged (or which will become exercisable, convertible or exchangeable on or prior to, or by reason... of, the transaction or circumstance in connection with which the number of Equivalent Shares is to be determined). determined); but excluding any shares of restricted stock that are not then vested or will not become vested on or prior to, or by reason of, the transaction or circumstance in connection with which the number of Equivalent Shares is to be determined. View More Arrow
Equivalent Shares. Shall shall mean, at any date of determination, (a) (i) as to any outstanding shares of Common Stock, such number of shares of Common Stock and (b) (ii) as to any outstanding Options, Warrants or Convertible Securities which constitute Shares, the maximum number of shares of Common Stock for which or into which such Options, Warrants or Convertible Securities may at the time be exercised, converted or exchanged (or which will become exercisable, convertible or exchangeable on or prior to, or by... reason of, the transaction or circumstance in connection with which the number of Equivalent Shares is to be determined). View More Arrow
Equivalent Shares. Shall mean, at any date of determination, (a) as to any outstanding shares of Common Stock, such number of shares of Common Stock, but excluding any Shares of Restricted Stock and (b) as to any outstanding Options, Warrants that are not then vested or Convertible Securities which constitute Shares, the maximum number of shares of Stock for which or into which such Options, Warrants or Convertible Securities may at the time be exercised, converted or exchanged (or which will not become ... class="diff-color-red">exercisable, convertible or exchangeable vested on or prior to, or by reason of, the transaction or circumstance in connection with which the number of Equivalent Shares is to be determined). determined, plus (b) as to any outstanding Convertible Securities, the maximum number of shares of Common Stock issuable upon exercise, conversion or exchange of the vested portion of such Convertible Securities (including for purposes of determining the vested portion of such Convertible Securities any amounts that will become vested on or prior to, or by reason of, the transaction or circumstance in connection with which the number of Equivalent Shares is to be determined),. View More Arrow
Equivalent Shares. Shall shall mean, at any date of determination, (a) as to any outstanding shares of Common Stock, such number of shares of Common Stock and (b) as to any outstanding Options, Warrants or Convertible Securities which constitute Shares, the maximum number of shares of Common Stock for which or into which such Options, Warrants or Convertible Securities may at the time be exercised, converted or exchanged (or which will become exercisable, convertible or exchangeable on or prior to, or by reason... of, the transaction or circumstance in connection with which the number of Equivalent Shares is to be determined). View More Arrow
Equivalent Shares. Shall shall mean, at any date of determination, (a) as to any outstanding shares of Stock, Stock issued to or held by any Stockholder other than a Manager, such number of shares of Stock and Stock, (b) as to any outstanding Options, Warrants or Convertible Securities which constitute Shares, the maximum number of shares of Stock for which or into which such Options, Warrants or Convertible Securities may at the time be exercised, converted or exchanged (or which will become exercisable,... convertible or exchangeable on or prior to, or by reason of, the transaction or circumstance in connection with which the number of Equivalent Shares is to be determined). determined) and (c) as to any outstanding shares of Stock issued to or held by a Manager, such portion of such shares as are Purchased Shares or Vested Incentive Shares. View More Arrow
Equivalent Shares. Shall shall mean, at any date of determination, (a) as to any outstanding shares of Common Stock, such number of shares of Common Stock and (b) as to any outstanding Options, Warrants or Convertible Securities which constitute Shares, the maximum number of shares of Common Stock for which or into which such Options, Warrants or Convertible Securities may at the time be exercised, converted or exchanged (or which will become exercisable, convertible or exchangeable on or prior to, or by reason... of, the transaction or circumstance in connection with which the number of Equivalent Shares is to be determined). 26 "Escrow Agent" shall have the meaning set forth in Section 8.2. View More Arrow
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