Transfer of Options, RSUs and DSUs Sample Clauses

Transfer of Options, RSUs and DSUs. At or before time of the issuance of the Certificate of Arrangement, the Corporation shall deposit, for the benefit of the persons entitled to amounts under the transactions described in Section 2.3(a)(i) through (iii), sufficient cash to pay the amounts outstanding as a result of such transactions. The Corporation shall also provide the Depositary with the requisite information regarding the identity of the holders of Options, RSUs and DSUs that are transferred to the Corporation pursuant to Section 2.3(a) (“Eligible Holders”) and the amounts to which such Eligible Holders have become entitled as a result of such transactions. Each Eligible Holder shall be entitled to receive, from the cash deposited with the Depositary pursuant to this Section 4.2, the amount which such Eligible Holder has the right to receive under the Arrangement in respect of his Option, RSU or DSU, as the case may be, less any amounts withheld pursuant to
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Transfer of Options, RSUs and DSUs. At or before time of the issuance of the Certificate of Arrangement, the Corporation shall deposit, for the benefit of the persons entitled to amounts under the transactions described in Section 2.3(a)(i) through (iii), sufficient cash to pay the amounts outstanding as a result of such transactions. The Corporation shall also provide the Depositary with the requisite information regarding the identity of the holders of Options, RSUs and DSUs that are transferred to the Corporation pursuant to Section 2.3(a) (“Eligible Holders”) and the amounts to which such Eligible Holders have become entitled as a result of such transactions. Each Eligible Holder shall be entitled to receive, from the cash deposited with the Depositary pursuant to this Section 4.2, the amount which such Eligible Holder has the right to receive under the Arrangement in respect of his Option, RSU or DSU, as the case may be, less any amounts withheld pursuant to section 4.3 and shall have no claim against the Corporation or Acquireco except to the extent the cash deposited by the Corporation is insufficient to satisfy the amounts payable to the Eligible Holders. The cash deposited with the Depositary shall be held in an interest-bearing account, and any interest earned on such funds shall be applied against the expenses of the Depositary and under no circumstances will any interest be payable to Eligible Holders.
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Related to Transfer of Options, RSUs and DSUs

  • Transfer of Options The Option may not be transferred except by will or the laws of descent and distribution and, during the lifetime of the Optionee, may be exercised only by the Optionee or by the Optionee's legally authorized representative.

  • Transfer of Option Other than as expressly permitted by the provisions of Section 7.1(f) of the Plan, the Option may not be transferred except by will or the laws of descent and distribution and, during the lifetime of the Optionee, may be exercised only by the Optionee.

  • Restriction on Transfer of Option Shares Anything in this Agreement to the contrary notwithstanding, the Optionee hereby agrees that it shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by it without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Optionee has furnished the Company with notice of such proposed transfer and the Company’s legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt.

  • Restriction on Transfer of Option Unless otherwise determined by the Committee in accordance with the Plan, (a) no part of the Option shall be Transferable other than by will or by the laws of descent and distribution and (b) during the lifetime of the Participant, the Option may be exercised only by the Participant or the Participant’s guardian or legal representative. Any attempt to Transfer the Option other than in accordance with the Plan shall be void.

  • Options; Restricted Stock All of Executive’s then outstanding options to purchase shares of the Company’s Common Stock (the “Options”) shall immediately vest and become exercisable (that is, in addition to the shares subject to the Options which have vested and become exercisable as of the date of such termination), but in no event shall the number of shares subject to such Options which so vest exceed the total number of shares subject to such Options. Additionally, all of the shares of the Company’s Common Stock then held by Executive subject to a Company right of repurchase (the “Restricted Stock”) shall immediately vest and have such Company right of repurchase with respect to such shares of Restricted Stock lapse (that is, in addition to the shares of Restricted Stock which have vested as of the date of such termination), but in no event shall the number of shares which so vest exceed the number of shares of Restricted Stock outstanding immediately prior to such termination.

  • Transfer of Award You may not transfer the Restricted Stock Units or any interest in such Units except by will or the laws of descent and distribution [or except as otherwise permitted by the Committee and as specified in the Plan]. Any other attempt to dispose of your interest will be null and void.

  • Stock Options; Restricted Stock The foregoing benefits are intended to be in addition to the value of any options to acquire Common Stock of the Company, the exercisability of which is accelerated pursuant to the terms of any stock option agreement, any restricted stock the vesting of which is accelerated pursuant to the terms of the restricted stock agreement, and any other incentive or similar plan heretofore or hereafter adopted by the Company.

  • Transfer of Optioned Interests For each exercise of the Equity Interest Purchase Option:

  • Non-Transferability of Options The Option may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Optionee, only by the Optionee.

  • Restricted Share Units Restricted Share Units means Restricted Share Units granted to Participant under the Plan subject to such terms and conditions as the Committee may determine at the time of issuance.

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