Payment for Options. In the event of a Control Termination of this Agreement, Executive may also elect, within sixty (60) days after such Control Termination, to receive (in addition to any other amounts owed to Executive under this Agreement) a lump sum payment in cash equal to the sum of the following: (i) all or any portion of the number of shares of common stock of the Company which may be acquired pursuant to options granted by the Company and held by Executive at the time of such election, multiplied by the Conseco Put Price; plus (ii) all or any portion of the number of Successor Securities which may be acquired pursuant to options (which options were granted to Executive in exchange or substitution for options to acquire the common stock of the Company) held by Executive at the time of such election, multiplied by the Successor Security Put Price; plus (iii) the number of shares of common stock of the Company which were acquired pursuant to options granted by the Company which were exercised, or which were discharged and satisfied by the payment to Executive of cash or other property (other than options for Successor Securities), subsequent to the first public announcement of the transaction or event which led to the change in control, multiplied by the respective per share exercise prices of such exercised or discharged options. For purposes of calculating the above lump sum payment, the options described in clauses (i) and (ii) shall include all such options, whether or not then exercisable, and, to compensate Executive for the loss of the potential future speculative value of unexercised options, there shall not be any deduction of the respective per share exercise prices for any of the options described in such clauses (i) and (ii). The cash payment due from the Company pursuant to this Section 14 shall be made to Executive within ten (10) days after the date of such election hereunder, against the execution and delivery by Executive to the Company of an appropriate agreement confirming the surrender to the Company of the options in respect of which the lump sum cash payment is being made to Executive.
Payment for Options. The premium amount for the purchase of an Option shall be paid within two (2) Business Days of receipt of an invoice from the Option Seller. Upon exercise of an Option, payment for the Product underlying such Option shall be due in accordance with Section 6.1.
Payment for Options. If Company has not previously entered into agreements with all holders of options under the Incentive Plan and caused the surrender of the options prior to the Effective Time, within five (5) days after the Effective Time, Acquiror shall notify the remaining holders of options under the Incentive Plan of the procedure for receipt of payments for their unexercised options, which payments shall be made by Acquiror within ten (10) days after an option holder has surrendered all of his options to Acquiror. Acquiror shall also make available to Company sufficient funds to enable Company to consummate the termination of unexercised stock options, as contemplated by Subsection 2.1(c) (CONVERSION OF STOCK OPTIONS).
Payment for Options. Payment for the Options shall be made to the Stockholders’ Representative as provided in this Section 2.12(a). Each holder of Options shall be entitled to receive payment for such Options in cash as provided in this Article 2, provided that each such holder shall, as a condition to receiving such payment, execute and deliver to ATS an Option Holder Release in the form attached hereto as Exhibit J (each an “Option Holder Release” and collectively, the “Option Holder Releases”).
Payment for Options. As promptly as practicable after the Effective Time, the Exchange Agent shall pay to each holder of a Company Stock Option, whether or not then exercisable, an amount in cash equal to the product of (i) the amount by which the Common Price exceeds the exercise price per share subject to the Company Stock Option, and (ii) the number of shares subject to the Company Stock Option.
Payment for Options. In the event of a Control Termination of this Agreement, Executive may also elect, within sixty (60) days after such Control Termination, to receive (in addition to any other amounts owed to Executive under this Agreement) a lump sum payment in cash equal to the sum of the following: (i) all or any portion of the number of shares of common stock of the Company which may be acquired pursuant to options granted by the Company and held by Executive at the time of such election, multiplied, with respect to shares subject to any such options by the difference between the Conseco Put Price and the respective exercise price under such option with respect to such shares; plus (ii) all or any portion of the number of Successor Securities which may be acquired pursuant to options (which options were granted to Executive in exchange or substitution for options to acquire the common stock of the Company) held by Executive at the time of such election, multiplied with respect to shares subject to any such options relating to Successor Securities, by the difference between the Successor Security Put Price and the respective exercise price under such option with respect to such shares. The cash payment due from the Company pursuant to this Section 14 shall be made to Executive within ten (10) days after the date of such election hereunder, against the execution and delivery by Executive to the Company of an appropriate agreement confirming the surrender to the Company of the options in respect of which the lump sum cash payment is being made to Executive.
Payment for Options. The Company shall pay the Participant a cash lump sum payment equal to the aggregate amount of $ [●] (less applicable taxes and withholdings) to purchase the Options specified on Exhibit A. Such payment shall be made as soon as practicable, and in all events within thirty days, following the Effective Date.
Payment for Options. Parent shall provide sufficient funds for and shall cause the Surviving Corporation to pay the Cash Amount as contemplated by Section 2.4(a) within five (5) Business Days following the Closing Date.
Payment for Options. The premium amount for the purchase of an option must be paid within two (2) Local Business Days after the Trade Date. Upon exercise of an option, payment for the Emissions Product underlying such option will be due in accordance with clause (d)(i) above.
Payment for Options. Promptly after the Effective Time, the Surviving Corporation shall cause the Paying Agent to pay to each holder of Options with respect to which Consents were theretofore executed and delivered and which have exercise prices of less than $3.00 per share ("In the Money Options") an amount equal to the difference between (i) the product of (A) $3.00 multiplied by (B) the aggregate number of Shares issuable upon exercise of all In the Money Options held by such holder and (ii) the aggregate exercise price payable upon such exercise. No payment shall be made with respect to any Option having a per Share exercise price equal to or greater than $3.00. The specific procedures for such payments shall be as agreed to by the parties hereto and specified in the Consent.
