Option Exercises. Nothing in this Agreement shall require a Stockholder to exercise any option or warrant to purchase shares of Common Stock of the Company.
Option Exercises. Upon the exercise of any option issued under the 1994 Plan, the optionee shall execute a Stock Purchase and Restriction Agreement in substantially the form of Exhibit B, as amended, to the 1994 Plan.
Option Exercises. Nothing in this Agreement shall require Stockholder to exercise any Parent Options or warrants to purchase Parent Common Stock.
Option Exercises. The exercise price per share of Chemical Common Stock under each Unexercised Option shall be equal to the exercise price per share of the O.A.K. Common Stock that was purchasable under any such Unexercised Option divided by the Merger Consideration (rounded to the nearest whole cent).
Option Exercises. There are presently issued and outstanding options to purchase a total of 454,800 shares of the capital stock of Acquiree ("Acquiree Stock Options"). All of the said Acquiree Stock Options are held by certain of the Shareholders and Principal Shareholders. The parties hereto agree that upon the effectuation of the Acquisition: (i) all Acquiree Stock Options shall be exercisable for the purchase of shares of the common stock of the Acquoror and shall no longer be exercisable for the purchase of shares of the capital stock of the Acquiree; (ii) the number of shares purchasable pursuant to the exercise of the Acquiree Stock Options shall be increased at a ratio of 1:3.25, enabling the holders of such options to purchase 3.25 shares of Acquiror's common stock for each share of Acquiree Capital Stock for which such options were formerly exercisable, at any time during the respective option exercise periods presently in effect; and (iii) the exercise prices of each Acquiree Stock Option will be adjusted downward so that the exercise price for the purchase of 3.25 shares of Acquiror's Common Stock after the Acquisition shall be the same as the exercise price for the purchase of one share of Acquiree's stock prior to the Acquisition.
Option Exercises. Vested Options granted as part of the Retention Award that are or become exercisable remain exercisable for the remaining term of the Option, subject to the provisions of Section 3(b)(iii)C above.
Option Exercises. Nothing in this Agreement shall require NAR to exercise any option or warrant to purchase shares of Common Stock of the Company.
Option Exercises. The exercise price per share of Old Kent Common Stock under each Unexercised Option shall be equal to the exercise price per share of the Grand Premier Common Stock that was purchasable under that option divided by the Exchange Ratio (rounded to the nearest whole cent).
Option Exercises. Nothing in this Agreement shall require Stockholder to exercise any API Options or warrants to purchase API Common Stock.
Option Exercises. Between the date hereof and the Effective Time, Parent and the Company shall use their respective commercially reasonable efforts to bring about the voluntary exercise of vested options for up to 1,400,000 Company Common Shares, and the subsequent sale of such Company Common Shares.
