Common use of Value of Tendered/Withheld Shares Clause in Contracts

Value of Tendered/Withheld Shares. Any shares of Common Stock tendered or Option Shares withheld to pay the Option Price and/or to satisfy the Grantee’s minimum statutory tax withholding obligations will be valued at the Market Value of such shares on the effective date of the corresponding Option exercise.

Appears in 4 contracts

Samples: Management Stock Option Agreement (Burger King Holdings Inc), Management Stock Option Agreement (Burger King Holdings Inc), Management Stock Option Agreement (Burger King Holdings Inc)

AutoNDA by SimpleDocs

Value of Tendered/Withheld Shares. Any shares of Common Stock tendered or Option Shares withheld to pay the Option Price and/or to satisfy the all or any portion of Grantee’s minimum statutory tax withholding obligations will be valued at the Market Value of such shares on the effective date of the corresponding Option exercise.

Appears in 1 contract

Samples: Board Member Stock Option Agreement (Burger King Holdings Inc)

AutoNDA by SimpleDocs

Value of Tendered/Withheld Shares. Any shares of Common Stock tendered or Option Shares withheld to pay the Option Price and/or to satisfy the Grantee’s minimum statutory tax withholding obligations will be valued at the Market Value of such shares on the effective date of the corresponding Option exercise.

Appears in 1 contract

Samples: Board Member Stock Option Agreement (Burger King Holdings Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!