Series 2 Options. Subject to adjustment as provided in Section 9, the Series 2 Options shall have an exercise price per share of Common Stock that shall decline through the fifth anniversary of the Closing as set forth on Schedule A (the “Series 2 Option Price”), provided that if all of the Preferred Stock is redeemed or repurchased, or is exchanged for Common Stock, then the Series 2 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 2 Options. Subject to adjustment as provided in Section 9, the Series 2 Options shall have an exercise price per share of Common Stock that shall decline through the fifth anniversary of the Closing June 30, 2003 as set forth on Schedule A (the “Series 2 Option Price”), provided that if all of the Preferred Stock is redeemed or repurchased, or is exchanged for Common Stock, then the Series 2 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)
Series 2 Options. Subject to adjustment as provided in Section 9, the Series 2 Options shall have an exercise price per share of Common Stock that shall decline through the fifth anniversary of the Closing as set forth on Schedule A (the “"Series 2 Option Price”"), provided that if all of the Preferred Stock is redeemed or repurchased, or is exchanged for Common Stock, then the Series 2 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: Employment Agreement (Worldspan BBN Holdings LLC), Employment Agreement (Worldspan BBN Holdings LLC)
