Calculation of Option Excess Price. For the avoidance of doubt, in any instance where the Company purchases Options as set forth in this Section 4, the applicable Option Excess Price shall be calculated in tranches based on the applicable Option Exercise Prices relative to the applicable Repurchase Price, and not on an aggregate net basis, such that the Option Excess Price of any Options having the same Option Exercise Price, where the Option Excess Price is greater than zero, shall not be netted against the Option Excess Price of any Options having a different Option Exercise Price, where the Option Excess Price is less than or equal to zero.
Appears in 4 contracts
Samples: Management Stockholder’s Agreement (Nielsen Holdings B.V.), Management Stockholder’s Agreement (CZT/ACN Trademarks, L.L.C.), Management Stockholder’s Agreement (Nielsen CO B.V.)
Calculation of Option Excess Price. For the avoidance of doubt, in any instance where the Company purchases exchanges cash or Stock for Options as set forth in this Section 4Sections 5 and 6 above, the applicable Option Excess Price shall be calculated in tranches based on the applicable Option Exercise Prices relative to the applicable Repurchase Price, and not on an aggregate net basis, such that the Option Excess Price of any Options having the same Option Exercise Price, where the Option Excess Price is greater than zero, shall not be netted against the Option Excess Price of any Options having a different Option Exercise Price, where the Option Excess Price is less than or equal to zero.
Appears in 3 contracts
Samples: Management Stockholder’s Agreement (Affinia Group Holdings Inc.), Nonqualified Stock Option Agreement (Affinia Group Holdings Inc.), Management Stockholder's Agreement (Wix Filtration Media Specialists, Inc.)
Calculation of Option Excess Price. For the avoidance of doubt, in any instance where the Company purchases Options as set forth in this Section 4Sections 5 and 6 above, the applicable Option Excess Price shall be calculated in tranches based on the applicable Option Exercise Prices relative to the applicable Repurchase Price, and not on an aggregate net basis, such that the Option Excess Price of any Options having the same Option Exercise Price, where the Option Excess Price is greater than zero, shall not be netted against the Option Excess Price of any Options having a different Option Exercise Price, where the Option Excess Price is less than or equal to zero.
Appears in 1 contract
Samples: Management Stockholder’s Agreement (Premdor Finace LLC)
