Common use of Vested Company Options Clause in Contracts

Vested Company Options. Each Vested Company Option shall be cancelled and automatically converted into the right to receive an amount in cash equal to the product of (A) the aggregate number of shares of Company Common Stock subject to such Vested Company Option, multiplied by (B) the excess, if any, of the Per Share Price over the applicable per share exercise price under such Vested Company Option, subject to any required withholding of Taxes (the “Vested Company Option Consideration”).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Pluralsight, Inc.), Agreement and Plan of Merger (Pluralsight, Inc.)

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Vested Company Options. Each Subject to Section 2.8(a)(iii), each Vested Company Option shall be cancelled and automatically converted into and will become the right to receive an amount in cash cash, without interest thereon and subject to applicable withholding Taxes, equal to the product of (A) the aggregate number of shares of Company Common Stock subject to such Vested Company Option, multiplied by Option as of immediately prior to the Effective Time and (B) the excess, if any, of the Per Share Price over the applicable exercise price per share exercise price under of such Vested Company Option, subject to any required withholding of Taxes Option (the “Vested Company Option Consideration”).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Datto Holding Corp.), Agreement and Plan of Merger (Datto Holding Corp.)

Vested Company Options. Each Vested Company Option shall be cancelled and automatically converted into and will become the right to receive an amount in cash cash, without interest thereon and subject to applicable withholding Taxes, equal to the product of (A) the aggregate number of shares of Company Common Stock subject to such Vested Company Option, multiplied by Option as of immediately prior to the Effective Time and (B) the excess, if any, of the Per Share Price over the applicable exercise price per share exercise price under of such Vested Company Option, subject to any required withholding of Taxes Option (the “Vested Company Option Consideration”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cvent Holding Corp.)

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Vested Company Options. Each Vested Company Option shall be cancelled and automatically converted into the right to receive an amount in cash cash, without interest thereon and subject to applicable withholding Taxes, equal to the product of (Ai) the aggregate number of shares of Company Common Stock subject to such Vested Company Option, multiplied by Option as of immediately prior to the Effective Time and (Bii) the excess, if any, of the Per Share Price over the applicable exercise price per share exercise price under of such Vested Company Option, subject to any required withholding of Taxes Option (the “Vested Company Option Consideration”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Poshmark, Inc.)

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