Common use of Repurchase of Substitute Option Clause in Contracts

Repurchase of Substitute Option. (a) At the written request of a Substitute Option Holder, the Substitute Option Issuer shall repurchase the Substitute Option from the Substitute Option Holder at a price (the "Substitute Option Repurchase Price") equal to the amount by which (i) the Highest Closing Price (as hereinafter defined) exceeds (ii) the exercise price of the Substitute Option, multiplied by the number of Substitute Shares

Appears in 1 contract

Samples: Stock Option Agreement (Bay Networks Inc)

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Repurchase of Substitute Option. (a) At the written request of a the holder of the Substitute Option (the "Substitute Option Holder"), the Substitute Option Issuer shall repurchase the Substitute Option from the Substitute Option Holder at a price (the "Substitute Option Repurchase Price") equal to the amount by which (i) the "Highest Closing Price Price" (as hereinafter defineddefined in Section 9(a)) exceeds (ii) the exercise price of the Substitute Option, multiplied by the number of shares of Substitute SharesCommon Stock for which the Substitute Option may then be exercised, and at the B-7

Appears in 1 contract

Samples: Stock Option Agreement (Nova Corp \Ga\)

Repurchase of Substitute Option. (a) At the written request of a the holder of the Substitute Option (the "Substitute Option Holder"), the Substitute Option Issuer shall repurchase the Substitute Option from the Substitute Option Holder at a price (the "Substitute Option Repurchase Price") equal to the amount by which (i) the "Highest Closing Price Price" (as hereinafter defineddefined in Section 9(a)) exceeds (ii) the exercise price of the Substitute Option, multiplied by the number of shares of Substitute SharesCommon Stock for which the Substitute Option may then be exercised, and at the request of the owner (the "Substitute Share

Appears in 1 contract

Samples: Stock Option Agreement (PMT Services Inc /Tn/)

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Repurchase of Substitute Option. (a) At the written request of a the holder of the Substitute Option (the "Substitute Option Holder"), the Substitute Option Issuer shall repurchase the Substitute Option from the Substitute Option Holder at a price (the "Substitute Option Repurchase Price") equal to the amount by which (i) the Highest Closing Price (as hereinafter defined) exceeds (ii) the exercise price of the Substitute Option, multiplied by the number of Substitute SharesSubstitute

Appears in 1 contract

Samples: Stock Option Agreement (Centura Banks Inc)

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