Stock Option Conversion Fraction

Stock Option Conversion Fraction. For purposes of this Section 2.4(a), the "Stock Option Conversion Fraction" shall mean (i) if the Twenty-Day VWAP (as defined in Section 2.1(a)) is $46 per share of Parent Common Stock or greater, 0.8261 or (ii) if the Twenty-Day VWAP is less than $46 per share of Parent Common Stock, a fraction, (x) the numerator of which is $38 and (y) the denominator of which is the greater of (A) $43.69 and (B) the Twenty-Day VWAP, in each case, subject to adjustment along with the Exchange Ratio in... accordance with Section 2.1(d). View More