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That is because executives' option grants are typically based on a dollar figure, say $2 million, rather than on a number of shares.
Now, companies that previously obtained stockholder approval for annual limits on the equity awards that may be granted to individual non- employee directors (either based on a dollar figure or number of shares) may find that more specific approval is necessary to benefit from the protections of the business judgment rule.
In fact, that £1.5tn is derived from one of the most optimistic scenarios for potential oil and gas extraction over the next three decades, of 24 billion barrels of oil equivalent, which in turn is based on a dollar to sterling exchange rate which is now nearly 18 months old.
The universities are stressing that the additional support should not be based on a dollar amount, rather that the government commit to funding positions for all of the students who choose to go to university.
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For simplicity's sake, our forecast is based on a $550 million dollar per year investment via direct grants for eligible projects.
Today, lead by TPG Growth, with participation from Creative Artists Agency (CAA) and existing investors Insight Venture Partners and Ashton Kutcher's Sound Ventures, Calm has announced an $88 million dollar Series B raise, based on a $1 billion valuation.
As my colleagues Kim Severson and John Schwartz reported, the jury reached a unanimous decision Thursday, acquitting Mr. Edwards on one charge, which was based on a $200,000 check that the heiress Rachel Mellon had written him.
United's effort to win federal loan guarantees was based on a $2 billion restructuring plan that at one point included $1.6 billion in government-backed loans and $400 million in outside capital.
Mr. Edwards was acquitted on one of the six charges, which was based on a $200,000 check that Mrs. Mellon had written him.
Tom Ammiano, the California assemblyman who introduced the bill to legalise marijuana earlier this year, points out that were it taxed it could raise some $1.3 billion a year for state coffers, based on a $50 per ounce levy on sales.
The price is based on a $1 billion enterprise value pre-investment and $1.3 billion post-investment.
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