Shares Available for Issuance has the meaning set forth in the Supplemental Indenture; provided that the Share Ratio for the Qualifying Capital Securities shall not be lower than it is for the JSNs. For purposes of this definition, the “Share Ratio” for the JSNs or any Qualifying Capital Securities, as the case may be, shall equal (i) the market value of the number of shares in the first bullet of “Description of the JSNs – Obligation to Seek Shareholder Approval to Increase Authorized Shares” determined as of the date the JSNs or such Qualifying Capital Securities, as the case may be, are issued divided by (ii) the excess of (x) the maximum amount of deferred interest (including compounded interest thereon) that could accrue on the JSNs or such Qualifying Capital Securities, as the case may be, in a 10-year deferral period (assuming for this purpose, if such Qualifying Capital Securities bear interest at a floating rate, that they bear interest at the fixed rate for which the issuer could swap such floating rate payments on arms’ length terms at the time of issuance) over (y) the maximum amount of deferred interest, if any, on the JSNs or such Qualifying Capital Securities, as the case may be, that could be settled pursuant to the issuance of Qualifying Preferred Stock pursuant to the applicable Alternative Payment Mechanism.
Shares Available for Issuance has the meaning specified in Section 2.06(a).
Shares Available for Issuance means a number of shares of Common Stock calculated in two steps, as follows:
Examples of Shares Available for Issuance in a sentence
Number of Common Shares Available for Issuance The aggregate number of Common Shares that may be reserved for issuance under the 2017 PRSU Plan is 11,000,000 Common Shares (or approximately 2.9% of the issued and outstanding Common Shares).
Shares Available for Issuance The Plan provides for the issuance of stock options to acquire at any time up to a maximum of 10% of our issued and outstanding Shares (subject to standard anti-dilution adjustments).
Shares Available for Issuance The aggregate number of Common Shares that may be reserved for issuance under the Option Plan shall not exceed 10% of the Company’s issued and outstanding Common Shares.
Shares Available for Issuance Table of Contents As of May 8, 2009, the total number of shares reserved for issuance under the 2006 Plan was approximately 35 million shares, plus any shares that became available for issuance pursuant to the reusage provisions discussed below.
Number of Shares Available for Issuance under the Share Compensation Plan The number of shares available for issuance from the treasury under the Share Compensation Plan must not at any time exceed 20% of the number of common shares of the Company issued and outstanding as of the effective date of the Share Compensation Plans (i.e. on the approval at this Meeting), currently expected to be 144,427,735.
More Definitions of Shares Available for Issuance
Shares Available for Issuance means the number of Remaining Shares allocated by the Company on a pro rata basis or such other basis as the Company determines is appropriate to the payment of deferred interest on the Debentures in accordance with Section 2.06 and not so allocated to any other similar commitment that is of an indeterminate nature and under which the Company is required at the time of such allocation to issue shares of its Common Stock.
Shares Available for Issuance shall be determined, at any time, by (i) deducting from the number of authorized and unissued shares of Common Stock the maximum number of shares of Common Stock that can be issued under existing reservations and commitments under which the Company is able to determine such maximum number and (ii) allocating remaining authorized and unissued shares of Common Stock on a pro rata basis or such other basis as the Company determines is appropriate to the alternative payment mechanism described in Section 2.7 hereof and to any other similar commitment that is of an indeterminate nature and under which the Company is then required to issue shares.
Shares Available for Issuance means the number of shares of Common Stock determined by Regions, at any time, by (i) deducting from the number of authorized and unissued shares of Common Stock the maximum number of shares of Common Stock that can be issued under reservations and commitments existing at the time of such determination under which the Company is able to determine such maximum number and (ii) allocating remaining authorized and unissued shares of Common Stock on a pro rata basis or such other basis as the Company determines is appropriate to the alternative payment mechanism described in Section 2.7 and to any other similar commitment existing at the time of such determination that is of an indeterminate nature and under which the Company is then required to issue shares. A “Supervisory Event” shall commence on the date the Company has notified the Federal Reserve of its intention and affirmatively requested Federal Reserve approval both (1) to sell Qualifying APM Securities and (2) to apply the net proceeds of such sale to pay deferred interest on the JSNs, and the Company has been notified that the Federal Reserve disapproves of either of these actions and shall cease on the Business Day following the earlier to occur of (i) the tenth anniversary of the commencement of any Deferral Period or (ii) the day on which the Federal Reserve notifies the Company in writing that it no longer disapproves of the Company’s intention to both (1) issue or sell Qualifying APM Securities and (2) apply the net proceeds from such sale to pay deferred interest on the JSNs.
Shares Available for Issuance will be determined, at any time, by (i) deducting from the number of authorized and unissued shares of Common Stock the maximum number of shares of Common Stock that can be issued under existing reservations and commitments under which the Company is able to determine such maximum number and (ii) allocating remaining authorized and unissued shares of Common Stock on a pro rata basis or such other basis as the Company determines is appropriate to the alternative payment mechanism described in Section 2.7 and to any other similar commitment that is of an indeterminate nature and under which the Company is then required to issue shares. A “Supervisory Event” will commence on the date the Company has notified the Federal Reserve of its intention and affirmatively requested Federal Reserve approval both (1) to sell Qualifying APM Securities and (2) to apply the net proceeds of such sale to pay deferred interest on the LoTSSM, and the Company has been notified that the Federal Reserve disapproves of either of these actions. A Supervisory Event will cease on the Business Day following the earlier to occur of (i) the 10th anniversary of the commencement of any Deferral Period or (ii) the day on which the Federal Reserve notifies the Company in writing that it no longer disapproves of the Company’s intention to both (1) issue or sell Qualifying APM Securities and (2) apply the net proceeds from such sale to pay deferred interest on the LoTSSM.
Shares Available for Issuance has the meaning set forth in Section 3.2(c).
Shares Available for Issuance has the meaning set forth in the Supplemental Indenture.
Shares Available for Issuance shall be determined, at any time, by (i) deducting from the number of authorized and unissued shares of Common Stock the maximum number of shares of Common Stock that can be issued under existing reservations and commitments under which the Company is able to determine such maximum number and (ii) allocating the remaining authorized and unissued shares of Common Stock on a pro rata basis or such other basis as the Company determines is appropriate to the Alternative Payment Mechanism described in Section 2.07 hereof and to any other similar commitment that is of an indeterminate nature and under which the Company is then required to issue shares.