Aggregate Option Price definition

Aggregate Option Price means an amount equal to one percent (1%) of TCI's Net Investment as of the first to occur of the date of the Distribution and the date on which the Option first becomes exercisable, but excluding any portion of TCI's Net Investment that as of such date is represented by a promissory note or other evidence of indebtedness from the Company (or any of its subsidiaries) to TCI (or any subsidiary of TCI).

Aggregate Option Price shall have the meaning given such term in Section 2.8.

Aggregate Option Price means the aggregate exercise price of all Company Options, whether vested or unvested, outstanding immediately prior to the Effective Time.

Examples of Aggregate Option Price in a sentence

• In addition, at the discretion of the Committee in its sole discretion at the time of exercise, the Optionee may provide for the payment of the Aggregate Option Price through Share withholding as a result of which the number of Shares issued upon exercise of an Option would be reduced by a number of Shares having a Fair Market Value equal to the Aggregate Option Price.

• Any Shares transferred to the Company as payment of the Aggregate Option Price shall be valued at their Fair Market Value on the last business day preceding the date of exercise of such Option.

• Such presentation and surrender shall be deemed a waiver of the Holder's obligation to pay the Aggregate Option Price, or the proportionate part thereof if this Option is exercised in part.

• Each holder of a Bank Option who presents a demand for cancellation and payment of such Bank Option as provided in Section 2.8 of the Agreement to the Exchange Agent prior to the Closing shall, upon acceptance thereof, be entitled to the per share equivalent of the Aggregate Option Price.

• If this Option is exercised in part, the Holder is entitled to receive a new Option covering the Units, which have not been exercised and setting forth the proportionate part of the Aggregate Option Price applicable to such Units.

More Definitions of Aggregate Option Price

Aggregate Option Price means the amount obtained by subtracting (b) from (a) where (b) is the Breakup Fee and (a) is the amount obtained by multiplying the number of shares with respect to which the Option is being exercised by the Option Price. The terms of this Section 2(f) are specifically intended not to provide a discount from the fair market value of Issuer's Common Stock on the date the Option is granted and this Agreement signed, but instead to provide for a procedure which (i) aligns Grantee's right to receive the Breakup Fee with its right to exercise the Option and (ii) offsets the obligation of Grantee to pay the aggregate purchase price provided for in connection with an exercise of the Option with the obligation of Issuer to pay the Breakup Fee and thereby facilitates and assures Grantee's receipt of the benefits of this Agreement which the parties have mutually agreed Grantee is entitled to on the terms provided for herein.

Aggregate Option Price means, for shares of Berkshire Stock or shares ---------------------- of stock of a Granting Corporation subject to an option, the number of shares of Stock subject to the option multiplied by the exercise price.

Aggregate Option Price means the Option Price multiplied by the number of Shares over which the Option is being exercised;

Aggregate Option Price means the Option Price multiplied by the number of Options to be exercised pursuant to a notice of exercise.

Aggregate Option Price shall be the product of (i) the Option Price Per Share as determined on the Grant Date and (ii) the number of shares purchased.

Aggregate Option Price shall refer to the said number of shares originally purchasable hereunder multiplied by the original Exercise Price, and the Aggregate Option Price shall not be subject to adjustment. The said price per share is, however, subject to adjustment as hereinafter provided and is herein sometimes referred to as the "PER SHARE OPTION PRICE", and the said number of shares purchasable hereunder is likewise subject to adjustment as hereinafter provided. The shares of Common Stock deliverable or delivered upon exercise hereof are hereinafter referred to as "Option Shares." This Option is one of several identical COMMON STOCK Option AGREEMENTS (hereinafter collectively called the "OPTIONS") issued or to be issued in connection with the issuance and sale by the Company of Subordinated Notes in the anticipated aggregate principal amount of $ on or about the date hereof (the total aggregate amount of such notes is subject to the Company's discretion). The Company's common stock, $.01 par value per share, is hereinafter called the "COMMON STOCK".

Aggregate Option Price means the Option Price multiplied by the number of shares of Class B Common Stock to be exercised pursuant to a notice of exercise.