Examples of Adjusted Stock Option in a sentence
New GulfMark Adjusted Stock Option: any GulfMark Stock Option, as adjusted and assumed by New GulfMark pursuant to this Assumption from and after the Distribution Date.
Each Adjusted Stock Option shall have an exercise price per share of CBTX Common Stock (rounded up to the nearest whole cent) equal to (1) the per share exercise price for the shares of Allegiance Common Stock subject to such Allegiance Stock Option divided by (2) the Exchange Ratio.
Except as specifically provided above, following the Effective Time, each Adjusted Stock Option shall otherwise be subject to the same terms and conditions applicable to the converted Allegiance Stock Option under the applicable Allegiance Equity Plan and the agreements evidencing grants thereunder, other than with respect to vesting.
Thus, the relative multiplicity fraction is not frozen in when the cluster dissolves.
The exercise price per share of Parent Stock under each Adjusted Option shall be equal to (A) the aggregate exercise price for the shares of Common Stock purchasable pursuant to the applicable Company Stock Option divided by (B) the aggregate number of shares of Parent Stock deemed purchasable pursuant to such Adjusted Stock Option.
The per share exercise price of each New GulfMark Adjusted Stock Option shall be the exercise price per share of the GulfMark Stock Option being replaced thereby, multiplied by a fraction equal to the ratio of the post-Distribution market price per share of the New GulfMark Common Stock to the pre-Distribution market price per share of GulfMark Common Stock.
The Adjusted Stock Option shall be subject to the same terms and conditions (including expiration date, vesting and exercise provisions) as were applicable to the corresponding Company Stock Options immediately prior to the Effective Time; provided that the Parent Board of Directors or a committee thereof shall succeed to the authority and responsibility of the Company Board of Directors or any committee thereof.
Except as specifically provided above, following the Effective Time, each Adjusted Stock Option shall otherwise be subject to the same terms and conditions applicable to the converted Green Stock Option under the applicable Green Equity Plan and the agreements evidencing grants thereunder, other than with respect to vesting.
Each Adjusted Stock Option, Adjusted RSU Award and Adjusted Restricted Stock Award shall, in accordance with its terms, be subject to further adjustment as appropriate to reflect any stock split, division or subdivision of shares, reclassification, recapitalization or other similar transaction with respect to Parent Non- Voting Stock subsequent to the Effective Time.
The vesting and exercise provisions of each New GulfMark Adjusted Stock Option shall be identical to the vesting and exercise provisions of the GulfMark Stock Option replaced thereby.