Conversion Formula definition

Conversion Formula. For purposes of placement on the salary schedule, conversions between quarter credits and semester credits shall be accomplished using the following formula: “Q = 1.5 x S” where “Q” equals the number of quarter credits and “S” equals the number of semester credits.

Conversion Formula means the appropriate formula which shall be applied in adjusting the exercise price and award size of NSI options under the NSI Stock Incentive Plans and in determining the exercise price and number of Spinco options under the Spinco Stock Incentive Plans. The Conversion Formula shall be based on the closing per share prices of NSI Common Stock (with a due bil▇) ▇nd Spinco Common Stock (on a when-issued basis) as traded on the New York Stock Exchange on the Distribution Date or such other prices as jointly agreed upon by Spinco and NSI, and shall be determined and applied in such a manner as to maintain (1) the aggregate spread (or, if there is no such spread, the economic value) of such options, which is the difference between the exercise price per share of NSI Common Stock covered by the option and the price per share of NSI Common Stock (with a due bil▇) ▇mmediately preceding the Distribution, multiplied by the total number of shares covered by the option; and

Conversion Formula means the following formula, as calculated by the Bank, pursuant to which, in connection with a Conversion Event, the Holders of the Notes shall be entitled to receive a certain amount of Common Shares and Preferred Shares of the Bank: Where: Number = Number of Common Shares and Preferred Shares, in the proportion of the Bank’s Units. Issuance Amount = Outstanding balance of the Notes, plus accrued and unpaid interest thereon, if any, converted into Reais based upon the United States of America dollar sale rate calculated using the PTAX-800 (Option 5) transaction published by SISBACEN on the date preceding the conversion date. Conversion Price = The higher of (a) the weighted average price of the Units in the trading session of BM&FBOVESPA of the last 30 days prior to the Board of Directors meeting that approves the capital increase, and (b) the Floor Price (corresponding to R$6.93 per Unit). The weighted average price of Units in the trading session of BM&FBOVESPA mentioned above or the Floor Price shall be divided by the number of shares that form one Unit by the time of the conversion in order to reach the issuance price per share. The Floor Price shall be subject to future adjustments due to the following corporate events: splitting or grouping of shares or bonus shares and capital decrease without decreasing the number of shares, or any other corporate event subject to adjustments in the amount of shares or price pursuant to the rule of BM&FBOVESPA (the “Adjustments”), as determined by the Board of Directors of the Bank. The aim of the Adjustments is to preserve the proportionality of the economic basis for the conversion of the Notes into Common Shares and Preferred Shares. Based on (i) the Issuance Amount of Notes equivalent to R$3,000,000,000; and (ii) the Floor Price, the maximum number of Common Shares and Preferred Shares that may be delivered to the Holders of the Notes due to the conversion, based on the date of issuance of the Notes, shall be 45,431,600,202 shares (including Common Shares and Preferred Shares), subject to the Adjustments. The Board of Directors shall be responsible for determining the necessary Adjustments in the 30 days following the event requiring the Adjustments subject to the prior approval of the Central Bank.

Conversion Formula means the appropriate formula which shall be applied in adjusting the exercise price and award size of Options under the Parent Stock Incentive Plans and in determining the exercise price and number of SpinCo Options under the SpinCo Incentive Plans. The Conversion Formula shall be based on the closing per share prices of Parent Common Stock and SpinCo Common Stock as reported on the New York Stock Exchange on the first trading day following the Distribution Date or such other prices as jointly agreed upon by SpinCo and Parent, and shall be determined and applied in such a manner as to maintain (1) the aggregate spread of such Options, which is the difference between the exercise price per share of Parent Common Stock covered by the Option and the price per share of Parent Common Stock immediately preceding the Distribution, multiplied by the total number of shares covered by the Option; and (2) the ratio of the exercise price per share covered by the Option to the price per share of Parent Common Stock immediately preceding the Distribution.

Conversion Formula has the meaning set forth in Section 2.04(c).

Conversion Formula means the appropriate formula described in the Form 10, filed with the Securities and Exchange Commission by PepsiCo in connection with the Distribution, which shall be applied for adjusting the exercise price and award size of PepsiCo stock options under the PepsiCo Long-Term Incentive Plan, PepsiCo SharePower Plan and PepsiCo Stock Option Incentive Plan or for determining the exercise price and number of TRICON stock options issued as a result of the conversion of PepsiCo options granted under the PepsiCo Long-Term Incentive Plan, the PepsiCo Stock Option Incentive Plan and the PepsiCo SharePower Plan, as applicable.

Conversion Formula means the appropriate formula which shall be applied in adjusting the exercise price and award size of Equifax options under the Equifax Stock Incentive Plans and in determining the exercise price and number of Certegy options under the Certegy Stock Incentive Plans. The Conversion Formula shall be based on the closing per share prices of Equifax common stock (with a due ▇▇▇▇) and Certegy Common Stock (on a when-issued basis) as traded on the New York Stock Exchange on the last trading day immediately preceding the Distribution or such other prices as jointly agreed upon by Certegy and Equifax, and shall be determined and applied in such a manner as to maintain (1) the aggregate spread of such options, which is the difference between the exercise price per share of Equifax Common Stock covered by the option and the price per share of Equifax Common Stock (with a due ▇▇▇▇) immediately preceding the Distribution, multiplied by the total number of shares covered by the option; and

Conversion Formula means the formula by which is determined the number of shares of Common Stock into which Convertible Preferred Stock is to be converted upon conversion of any issued and outstanding Convertible Preferred Stock, to wit: one share of Common Stock for the number of shares of Convertible Preferred Stock representing paid-in capital received by the Corporation upon original issuance of such Convertible Preferred Stock equal to the book value of the Corporation allocable to one share of Common Stock. For this purpose book value of the Corporation allocable to one share of Common Stock shall equal the quotient of (a) the positive difference between all assets of the Corporation and all liabilities of the Corporation (including outstanding Senior Preferred Stock and outstanding Convertible Preferred Stock as liabilities for this purpose, with the Minimum Senior Stock Redemption Price as the Senior Preferred Stock liability and the paid-in capital received upon issuance of the Convertible Preferred Stock as the Convertible Preferred Stock liability) divided by (b) the number of then issued and outstanding shares of Common Stock.

Conversion Formula means the appropriate formula which shall be