Common use of Reload Options Clause in Contracts

Reload Options. For each Key Executive, all vested options exercised by tendering shares as described in paragraph 1.F(2)(b) above shall be granted Reload Options which shall be converted into options to purchase Newco common shares by valuing the Reload Options and then dividing such value by the value of an option to purchase one Newco common share. The exercise price of each Reload Option shall be $27.50 per share for each option, and the term of each Reload Option shall equal the remaining term of the underlying option being exercised. The number and terms of each Newco option shall be in accordance with Exhibit A(5).

Reload Options. For each Key Executive, all vested options exercised by tendering shares as described in paragraph 1.F(2)(b1.F(1)(b) above shall be granted Reload Options which shall be converted into options to purchase Newco common shares by valuing the Reload Options and then dividing such value by the value of an option to purchase one Newco common share. The exercise price of each Reload Option shall be $27.50 per share for each option, and the term of each Reload Option shall equal the remaining term of the underlying option being exercised. The number and terms of each Newco option shall be in accordance with Exhibit A(5).