Other Option Shares Sample Clauses

Other Option Shares. Each Company Option issued under the 2000 Stock Option Plans and outstanding as of the Effective Time to the extent that any shares of Company Common Stock subject to such Company Option are not Vested 2000 Option Shares, and each Company Option issued and outstanding as of the Effective Time under the Company's 1994 Stock Option Plan to the extent not otherwise cancelled in consideration of payment pursuant to paragraph (c) above (together with unvested Company Options issued under the 2000 Stock Option Plans, the "Other Option Shares"), shall be assumed by Parent with the adjustments described herein, each such assumed option referred to herein as an "Assumed Option", subject to the following terms and conditions: (i) the number of shares of common stock of the Parent, $0.01 par value per share ("Parent Common Stock") which shall be subject to such Assumed Option shall be (A) the number of Other Option Shares under the applicable Company Option, multiplied by (B) the quotient (the "Conversion Ratio") obtained by dividing the Per Share Amount by the average closing price of Parent Common Stock on the last five (5) trading days ending immediately prior to the Effective Time, with any fraction of a share of Parent Common Stock rounded down to the nearest whole share; (ii) the exercise price, per share, at the Effective Time of the Assumed Option shall be equal to (A) the per share exercise price of the Company Option immediately prior to the Effective Time, divided by (B) the Conversion Ratio, with any fraction of a cent rounded up to the nearest whole cent; and (iii) except as required to reflect the adjustments made pursuant to (i) and (ii) above, the Assumed Option shall otherwise retain the same terms (i.e., with respect to vesting schedule and acceleration provisions) as the original Company Option. At the Effective Time the Company Stock Option Plans shall be assumed by Parent. The number of shares of Parent Common Stock available for issuance under each Company Stock Option Plan shall be the number of shares of Company Common Stock that remain available for issuance under the applicable Company Stock Option Plan immediately prior to the Effective Time multiplied by the Conversion Ratio. All Company Common Stock numbers that appear in the Company Stock Option Plans shall be multiplied by the Conversion Ratio. Following the assumption of the Other Option Shares and the Company Stock Option Plans, all references to the Company in the Company Options and...
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Related to Other Option Shares

  • Option Shares For the purposes of covering any over-allotments in connection with the distribution and sale of the Firm Shares, the Company hereby grants to the Underwriters an option to purchase up to [●] additional shares of Common Stock, representing fifteen percent (15%) of the Firm Shares sold in the offering, from the Company (the “Over-allotment Option”). Such [●] additional shares of Common Stock, the net proceeds of which will be deposited with the Company’s account, are hereinafter referred to as “Option Shares.” The purchase price to be paid per Option Share shall be equal to the price per Firm Share set forth in Section 1.1.1 hereof. The Firm Shares and the Option Shares are hereinafter referred to together as the “Public Securities.” The offering and sale of the Public Securities is hereinafter referred to as the “Offering.”

  • Delivery of Option Shares The Company shall deliver a certificate for the Option Shares to the Employee as soon as practicable after payment therefor.

  • Other Options Other options, or variations to the above options may be agreed between the employer, the affected employee and the relevant union.

  • Adjustment in Option Shares Should any change be made to the Common Stock by reason of any stock split, stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Common Stock as a class without the Corporation's receipt of consideration, appropriate adjustments shall be made to (i) the total number and/or class of securities subject to this option and (ii) the Exercise Price in order to reflect such change and thereby preclude a dilution or enlargement of benefits hereunder.

  • Shares The term “

  • Common Shares 4 Company...................................................................................... 4

  • The Shares The Shares to be issued and sold by the Company hereunder have been duly authorized by the Company and, when issued and delivered and paid for as provided herein, will be duly and validly issued, will be fully paid and nonassessable and will conform to the descriptions thereof in the Registration Statement, the Pricing Disclosure Package and the Prospectus; and the issuance of the Shares is not subject to any preemptive or similar rights.

  • Purchased Shares Subject to the terms and conditions provided below, Seller shall sell and transfer to Buyers and Buyers shall purchase from Seller, on the Closing Date (as defined in Section 1(c)), all of the Shares.

  • Initial Shares The Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative may request upon at least forty-eight hours’ prior notice to the Company, shall be delivered by or on behalf of the Company to the Representative, including, at the option of the Representative, through the facilities of The Depository Trust Company (“DTC”) for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative by the Company upon at least forty-eight hours’ prior notice. The Company will cause the certificates representing the Initial Shares to be made available for checking and packaging at least twenty-four hours prior to the Closing Time (as defined below) with respect thereto at the office of the Representative, 0000 00xx Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx 00000, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on the third (fourth, if pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representative and the Company). The time at which such payment and delivery are actually made is hereinafter sometimes called the “Closing Time” and the date of delivery of both Initial Shares and Option Shares is hereinafter sometimes called the “Date of Delivery.”

  • Additional Shares or Options The Company hereby agrees that until the consummation of a Business Combination, it shall not issue any shares of Common Stock or any options or other securities convertible into Common Stock, or any preferred shares or other securities of the Company which participate in any manner in the Trust Account or which vote as a class with the Common Stock on a Business Combination.

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