Define: PCS Unit

How is PCS Unit defined in a legal contract?

• PCS Unit means a subscriber unit that operates in DCS 1800/1900 and whose average selling price is half or less than the average selling price of a typical GSM subscriber unit in the country where it's sold. If any DCS 1800/1900 Subscriber Unit doesn't fulfil both conditions, it's treated as a cellular unit. Seen in 2 SEC filings
• PCS Unit means the equivalent under a plan of shares in common stock. After a specific event, each PCS unit will be converted to half of another type of unit and the original PCS Unit will be removed. Seen in 1 SEC filing
• PCS Unit means the equivalent under a specific plan to one share of common stock. Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of pcs unit' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• PCS Unit means a subscriber unit abiding by DCS 1800/1900 standards with a selling price that doesn't exceed half that of a standard GSM unit in the [country of sale]. If these conditions aren't fulfilled, it's classified as a cellular unit.

Relevant Contract Types

• Telecommunication Service Agreement
• Purchase Agreement
• Supply Contract

Relevant Circumstances

• Acquisition or supply of telecommunications equipment.
• Establishment of telecommunications services in a new market.
• Regular purchase of PCS Units, likely in bulk.

Relevant Sectors

• Telecommunications

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Genie Definition 2

• PCS Unit means a share equivalent in [Plan] of common stock, convertible to another unit type post a certain event.

Relevant Contract Types

• Shareholders Agreement
• Stock Option Plan
• Equity Compensation Plan

Relevant Circumstances

• Offering of employee stock options or equity compensation plans.
• Inter-company transactions or restructuring.
• Severe corporate events like mergers or acquisitions, where share equivalence needs defining.

Relevant Sectors

• Financial Services
• Technology

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