Purchaser Options. Example based on $100.00 million of Adjusted Funds For the avoidance of doubt, if, for example and using the above example, the Share Issue Ratio is 0.35000, and assuming a Options Scheme Participant holds, on the Record Date, 1,000 White Energy Options exercisable at AUD$1.00 on or before 30 August 2010, such Options Scheme Participant shall receive:
Purchaser Options. Following the Closing, subject to the approval of the Compensation Committee of the Board of Directors of Purchaser, Purchaser shall grant options to purchase up to an aggregate of 50,000 shares of common stock of Purchaser, pursuant to Purchaser’s Amended and Restated 2005 Stock Plan and form of stock option grant agreement (including the vesting provisions thereunder), to those Employees and in such amounts as set forth on Schedule 4.4 hereto; provided that such Employees remain employees of the Surviving Entity following the Closing (or become employees of Purchaser).
Purchaser Options. In the event Purchaser provides written notice to Seller during the Material Objection Period of any Material Environmental Objection or any Material Property Condition Objection or in the event Purchaser provides written notice to Seller during the Material Title/Survey/Zoning Objection Period of any Material Zoning Objection as to any Real Property and Seller is not able to cure the same in accordance with Section 1(c) above, then Purchaser may elect, in its sole discretion, either of the following with respect to each such item: (i) accept title to the affected Real Property subject to the Material Environmental Objection, Material Property Condition Objection, Material Zoning Objection which remains uncured without an adjustment in the Purchase Price; or (ii) elect to terminate this Agreement as to the Real Properties associated with the operation of the respective Business of an Acquired Company (as defined in the EPA), and which grouping by Dealership Business and associated Real Properties are set forth on Exhibit A-4 attached hereto (each a “Business Grouping”) to which such Material Environmental Objection, Material Zoning Objection, or Material Property Condition Objection has been made. In the event of any such termination of this Agreement with respect to a Business Grouping, the EPA shall automatically be revised to exclude the respective Business associated with such Business Grouping and the Parties shall be relieved of any further right, obligation or liability hereunder with respect to such Business Grouping, except for those rights and obligations that expressly survive the termination of this Agreement.
Purchaser Options. At any time on or before May 1, 1998 (the "Option Period"), (i) Premiere Technologies, Inc. ("Premiere") may purchase no less than a minimum of two hundred ninety-four thousand two hundred fifty-six (294,256) and up to a maximum of four hundred forty-one thousand eight hundred twenty-six (441,826) shares of Series C Preferred Stock, (ii) Philadelphia Ventures Liberty Fund, L.P. may purchase no less than a minimum of ninety-eight thousand eighty-five (98,085) and up to a maximum of one hundred forty-seven thousand two hundred seventy-five (147,275) shares of Series C Preferred Stock, and (iii) ABS Ventures IV L.P. and ABX Fund, L.P., collectively, may purchase no less than a minimum of ninety-eight thousand eighty-five (98,085) and up to a maximum of one hundred forty-seven thousand two hundred seventy-five (147,275) shares of Series C Preferred Stock, all at a per share purchase price of Six Dollars Seventy-Nine Cents ($6.79) per share. Any such sale shall be made on the terms and conditions set forth in this Agreement, including, without limitation, the representations and warranties by the Purchaser as set forth in Section 4 and the conditions to Purchaser's obligations to close set forth in Section 5 below. Any shares of Series C Preferred Stock sold pursuant to this Section 2.3 shall be deemed to be "Shares" for all purposes under this Agreement.
Purchaser Options. Purchaser shall grant to the Employees listed on Schedule 5.13 promptly following the Initial Closing the options to purchase shares of common stock of Purchaser as set forth on Schedule 5.13 pursuant to Purchaser’s Amended and Restated 1998 Equity Incentive Plan and related stock option grant agreement.
Purchaser Options. Every issued and outstanding Purchaser Option shall be converted automatically into the right of the holder thereof to receive an option relating to Pubco Ordinary Shares upon substantially the same terms and conditions as are in effect with respect to such Purchaser Option immediately prior to the Merger Effective Time, including with respect to vesting, exercise price and termination-related provisions (each, a “Pubco Option”). At the Merger Effective Time, the Purchaser Options shall cease to be outstanding and shall automatically be cancelled and retired and shall cease to exist. The Purchaser Optionees shall cease to have any rights with respect to the Purchaser Options, except as provided herein or by Law. At or prior to the Merger Effective Time, Pubco shall take all corporate actions necessary to reserve for future issuance and shall maintain such reservation for so long as any of the Pubco Options remain outstanding, a sufficient number of Pubco Ordinary Shares for delivery upon the exercise of such Pubco Options.
Purchaser Options. By no later than the Merger Effective Time, Purchaser shall adopt a board resolution approving the conversion of every issued and outstanding Purchaser Option into the right of the holder thereof to receive a Pubco Option in accordance with, and subject to, Section 1.6(d) of this Agreement and the terms of the applicable Purchaser Option Agreement.
Purchaser Options. Purchaser will have granted to Messrs. Xxxx and Xxxxx options to purchase common equity of Purchaser sufficient to allow Messrs. Xxxx and Xxxxx to ASSET PURCHASE AGREEMENT – PAGE 15 collectively own up to sixteen percent (16%) of the common equity of Purchaser, on a fully diluted basis, as of the end of the term of the Management Agreement.
Purchaser Options. The Vendors and the Guarantors agree that, for a period of eighteen (18) months from the Closing Date, employees of any Target Corporation shall not be entitled to receive options or other equity incentives of the Purchaser or any of the Purchaser’s affiliates. The Vendors and the Guarantors acknowledge that during such period or after such period has elapsed, the granting of any options or other equity incentives of the Purchaser or any of the Purchaser’s affiliates is at
Purchaser Options. Purchaser Options" shall refer to those options granted by Purchaser, or proposed to be granted by Purchaser, to purchase shares of Purchaser Stock under the Purchaser Option Plan.
