Common use of Company Eligible Option Holders Clause in Contracts

Company Eligible Option Holders. Upon the exercise by any Company Eligible Option Holder of any stock option to purchase shares of Capital Stock, the Company shall promptly (after notice of such exercise is provided by AOLTW to the Company) pay to AOLTW, for each share of Capital Stock so purchased, an amount (such amount, the "Company Option Reimbursement Amount") equal to the excess of (i) the Closing Price of a share of such Capital Stock as of the date of such exercise, over (ii) the aggregate exercise price paid by such Company Eligible Option Holder for each such share of Capital Stock.

Company Eligible Option Holders. Upon the exercise by any Company Eligible Option Holder of any employee stock option to purchase shares of Capital Stock, the Company shall promptly (after notice of such exercise is provided by AOLTW TW to the Company) pay to AOLTWTW, for each share of Capital Stock so purchased, an amount (such amount, the "“Company Option Reimbursement Amount"”) equal to the excess of (i) the Closing Price Fair Market Value of a share of such Capital Stock as of the date of such exercise, over (ii) the aggregate exercise price paid by such Company Eligible Option Holder for each such share of Capital Stock.