Series 1 Options. Subject to adjustment as provided in Section 9, the Series 1 Options shall have an exercise price per share of Common Stock that shall decline through the fifth anniversary of the closing of the Partnership Interest Purchase Agreement (the “Closing”) as set forth on Schedule A (the “Series 1 Option Price”), provided that if all of the Company’s Series A Cumulative Compounding Preferred Stock, par value $.01, (the “Preferred Stock”) is redeemed or repurchased, or is exchanged for Common Stock, then the Series 1 Option Price in effect at such time shall remain in effect thereafter notwithstanding any reduction provided for on Schedule A.
Appears in 4 contracts
Samples: Employment Agreement (Ws Financing Corp), Employment Agreement (Ws Financing Corp), Stock Option Agreement (Ws Financing Corp)
Series 1 Options. Subject to adjustment as provided in Section 9, the Series 1 Options shall have an exercise price per share of Common Stock that shall decline through the fifth anniversary of the closing of the Partnership Interest Purchase Agreement (the “"Closing”") as set forth on Schedule A (the “"Series 1 Option Price”"), provided that if all of the Company’s 's Series A Cumulative Compounding Preferred Stock, par value $.01, (the “"Preferred Stock”") is redeemed or repurchased, or is exchanged for Common Stock, then the Series 1 Option Price in effect at such time shall remain in effect thereafter notwithstanding any reduction provided for on Schedule A.
Appears in 3 contracts
Samples: Employment Agreement (Worldspan BBN Holdings LLC), Employment Agreement (Worldspan BBN Holdings LLC), Stock Option Agreement (Worldspan BBN Holdings LLC)
Series 1 Options. Subject to adjustment as provided in Section 9, the Series 1 Options shall have an exercise price per share of Common Stock that shall decline through the fifth anniversary of June 30, 2003 (the closing of the Partnership Interest Purchase Agreement (the “Closing”Agreement) as set forth on Schedule A (the “Series 1 Option Price”), provided that if all of the Company’s Series A Cumulative Compounding Preferred Stock, par value $.01, (the “Preferred Stock”) is redeemed or repurchased, or is exchanged for Common Stock, then the Series 1 Option Price in effect at such time shall remain in effect thereafter notwithstanding any reduction provided for on Schedule A.
Appears in 2 contracts
Samples: Stock Option Agreement (Ws Financing Corp), Stock Option Agreement (Ws Financing Corp)
