Common use of Share Calculations Clause in Contracts

Share Calculations. In calculations of share numbers, (i) references to “fully diluted basis” mean that the calculation is to be made assuming that all outstanding options, warrants and other Equity Securities convertible into or exercisable or exchangeable for shares (whether or not by their terms then currently convertible, exercisable or exchangeable), have been so converted, exercised or exchanged and (ii) references to an “as converted basis” mean that the calculation should be made assuming that the Bond has been so converted. Any share calculation that makes reference to a specific date shall be appropriately adjusted to take into account any share split, share consolidation or similar event after such date.

Share Calculations. In calculations of share numbers, (i) references to “fully diluted basis” mean that the calculation is to be made assuming that all outstanding options, warrants and other Equity Securities directly or indirectly convertible into or exercisable or exchangeable for shares Ordinary Shares (whether or not by their terms then currently convertible, exercisable or exchangeable), ) and Equity Securities which have been reserved for issuance pursuant to the Incentive Plans have been so converted, exercised exercised, exchanged or exchanged and (ii) references to an “as converted basis” mean that the calculation should be made assuming that the Bond has been so convertedissued. Any share calculation that makes reference to a specific date shall be appropriately adjusted to take into account any share split, share consolidation or similar event after such date.