Unvested Company Option definition

Unvested Company Option means any Company Option that is not a Vested Company Option.

Unvested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is not a Vested Company Option.

Unvested Company Option means a Company Option (or portion thereof) that is unvested as of immediately prior to the Effective Time.

Examples of Unvested Company Option in a sentence

• Each unvested outstanding Company Option that is not an Unvested Company Option shall be treated as a Cancelled Option and shall be cancelled and extinguished, with no consideration payable in connection with such cancellation and no further rights to the holder thereof, at the Effective Time.

• As to any Unvested Company Option, the consideration issuable upon termination of such Unvested Company Option in the Share Swap shall be retained by the Company and be subject to the same restrictions and vesting arrangements that were applicable to such Unvested Company Option immediately prior to or at the Closing.

• The Company has taken all actions necessary to cancel each Unvested Company Option without consideration.

• The exercise price per share of such Adjusted Option shall be equal to the quotient of (A) the exercise price per share of Company Common Stock subject to such Unvested Company Option immediately prior to the Closing divided by (B) the Exchange Ratio, with any fractional cent rounded up to the next higher number of whole cents.

• For the avoidance of doubt, no outstanding Unvested Company Option shall be assumed by Buyer or any of its Affiliates.

More Definitions of Unvested Company Option

Unvested Company Option means any Company Option (or portion thereof) that is not a Vested Company Option.

Unvested Company Option means a Company Option, or portion thereof, to the extent such Company Option (or applicable portion thereof) is outstanding and not vested as of immediately prior to the First Effective Time.

Unvested Company Option means any Company Option (or portion thereof) that is unvested and not cancelled as of immediately prior to the First Merger Effective Time.

Unvested Company Option shall have the meaning set forth in Section 2.1(b)(ii).

Unvested Company Option means each Company Option (or portion thereof) that is outstanding and unvested as of immediately prior to the Effective Time and that has a per-share exercise price that is less than the Per Share Consideration Value.

Unvested Company Option means any Company Option (or portion thereof) that is unvested as of immediately prior to the Closing and does not vest in connection with or as a result of the Closing.

Unvested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is not a Vested CompanyOption.