Promised Options definition

Promised Options means promised but ungranted Options that are the greater of those (i) promised pursuant to agreements or understandings made prior to the execution of, or in connection with, the term sheet or letter of intent for the Equity Financing or Liquidity Event, as applicable (or the initial closing of the Equity Financing or consummation of the Liquidity Event, if there is no term sheet or letter of intent), (ii) in the case of an Equity Financing, treated as outstanding Options in the calculation of the Standard Preferred Share’s price per share, or (iii) in the case of a Liquidity Event, treated as outstanding Options in the calculation of the distribution of the Proceeds.

Promised Options means promised but ungranted Options that are the greater of those (i) promised pursuant to agreements or understandings made prior to the execution of, or in connection with, the term sheet for the Equity Financing (or the initial closing of the Equity Financing, if there is no term sheet), or (ii) treated as outstanding Options in the calculation of the Standard Preferred Stock’s price per share.

Promised Options means promised but ungranted Options that are the greater of those (i) promised pursuant to agreements or understandings made prior to the execution of, or in connection with, the term sheet or letter of intent for the Equity Financing or Liquidity Event, as applicable (or the initial closing of the Equity Financing or consummation of the Liquidity Event, if there is no term sheet or letter of intent), (ii) in the case of an Equity Financing, treated as outstanding Options in the calculation of the Standard Preferred Stock’s price per share, or (iii) in the case of a Liquidity Event, treated as outstanding Options in the calculation of the distribution of the Proceeds.

Examples of Promised Options in a sentence

• The Liquidity Capitalization also excludes Converting Securities that will be cashed out based on their Purchase Amounts (and thus no longer treated as outstanding securities in the Liquidity Event) and Promised Options that will not be receiving any proceeds from the transaction.

• In the airborne geophysical survey, approximately 750 line miles (1,246 line kilometers) were flown by an international geophysical contractor over the entire Chandalar property along flight lines 100 meters apart.

• Including these options ensures that safe holders get similar treatment as they would in a priced seed round, i.e., they are not diluted by new hires made in between the safe round and the Equity Financing.• Promised Options -- Options that are promised but not yet granted (see below for more details).

• Parent shall have received from holders representing 80% of aggregate Promised Options a Promised Option Release in form reasonably satisfactory to Parent.

• Each Parent Entity and their designees are entitled to deduct and withhold from any payments of cash or issuances of Parent Stock pursuant to this Agreement to any Key Employee, any Continuing Employee or any holder of any Company Shares, Options, Promised Options or Warrants, such amounts in cash and/or Parent Shares as any Parent Entity is required to deduct and withhold with respect to any such payments or issuances under the Code or any provision of state, local, provincial or foreign Tax law.

More Definitions of Promised Options

Promised Options means promised but ungranted Options that are the greater of those

Promised Options means the options to purchase or otherwise acquire shares of Company Capital Stock promised by the Company and set forth on Section 3.2(c)(ii) of the Disclosure Schedule.

Promised Options has the meaning set forth in Section 6.2(n).

Promised Options means promised but ungranted Options that are the greater of those (i) promised pursuant to agreements or understandings made prior to the execution of, or in connection with, the term sheet or letter of intent for the Equity Financing or Liquidity Event, as applicable (or the initial closing of the Equity Financing or consummation of the Liquidity Event, if there is no term sheet or letter of intent), (ii) in the case of an Equity Financing, treated as outstanding Options in the calculation of the Standard Preferred Stock’s price per share, or (iii) in the case of a Liquidity Event, treated as outstanding Options in the calculation of the distribution of the Proceeds. (p) “Opções Prometidas” significa Opções prometidas, mas não outorgadas, devendo ser considerado o que for maior entre aquelas (i) prometidas no âmbito de acordos ou entendimentos feitos antes da celebração do termo de compromisso ou da carta de intenções relativa à Rodada de Captação (Equity) ou Evento de Liquidez, conforme aplicável (ou o fechamento inicial da Rodada de Captação (Equity) ou a consumação do Evento de Liquidez, se não houver nenhum termo de compromisso ou carta de intenções), (ii) no caso de Rodada de Captação (Equity), tratadas como Opções em circulação (outstanding Options) no cálculo do preço por ação das Ações Preferenciais Padrão, ou (iii) no caso de um Evento de Liquidez, tratadas como Opções em circulação (outstanding Options) no cálculo da distribuição dos Recursos;

Promised Options means promised but ungranted Options that are the greater of those (i) promised pursuant to agreements or understandings made prior to the execution of, or in connection with, the term sheet for an Equity Financing (or the initial closing of an Equity Financing, if there is no term sheet), or(ii) treated as outstanding Options in the calculation of the price per share of the preferred stock issued and sold in the Equity Financing.

Promised Options means rights to receive Company Options, as detailed under the Consideration Allocation Certificate.

Promised Options means Company Options promised by the Company to new hires but which have not yet been granted, in each case as set forth on Schedule A-6 (including the number of shares and contemplated vesting terms associated therewith), which schedule shall be updated as of immediately prior to the Closing to reflect promises made by the Company to new hires during the Pre-Closing Period.