Outstanding Options · Treatment. On the Effective Date, the Debtors shall assume outstanding prepetition option awards to purchase GGP Common Stock, which may entitle option holders to an option to purchase New Common Stock and an option to purchase GGO Common Stock or a contractual right to elect to cash out.
Appears in 3 contracts
Samples: Non Control Agreement (Pershing Square Capital Management, L.P.), Cornerstone Investment Agreement (General Growth Properties Inc), Stock Purchase Agreement (General Growth Properties Inc)
Outstanding Options · Treatment. On the Effective Date, the Debtors shall assume outstanding prepetition option awards to purchase GGP Common Stock, which may entitle option holders to an option to purchase New Common Stock and an option to purchase GGO Common Stock or a contractual right to elect to cash out. CLOSING DATE DEBT AND GGO PROMISSORY NOTE Closing Date Net Debt and GGO Promissory Note The Closing Date Net Debt shall be determined in accordance with the CIA and the Plan and the GGO Promissory Note, if any, shall be issued on the Effective Date.
Appears in 1 contract
Samples: Non Control Agreement (General Growth Properties Inc)
