Aggregate Spread definition

Aggregate Spread as to any Option shall mean an amount (which shall in no event be less than zero) equal to $31.50 minus the per Share exercise price of such Option multiplied by the number of Shares issuable upon exercise of such Option.

Aggregate Spread the difference between the exercise price of a Manor Care Stock Option and the Manor Care Closing Stock Price, multiplied by the number of shares covered by such Manor Care Stock Option remaining unexercised on the Cut-off Date.

Aggregate Spread means, in the case of a Heinz Option prior to the Distribution Date, the difference between the exercise price per share of Heinz Common Stock covered by such Heinz Option and the Heinz Pre-Distribution Stock Price, multiplied by the number of shares of Heinz Common Stock covered by such Heinz Option.

Examples of Aggregate Spread in a sentence

• If the aggregate net proceeds to the Stockholder in such registered offering will be less than the Aggregate Spread, the Company shall deliver to the Stockholder either, at the Company's sole discretion, (i) cash equal to the amount by which the Aggregate Spread exceeds such net proceeds, or (ii) additional Registered Securities for resale in such registered offering in the amount required so that the aggregate net proceeds of such offering to the Stockholder equals the Aggregate Spread.

• In addition, unless the Company arranges for the purchase of such securities from the Stockholder at a price at least equal to the Aggregate Spread, upon request of the Stockholder within 45 days of such payment, the Company shall, within 90 days of such request, register the securities delivered as payment (the "Registered Securities") for resale by the Stockholder to the extent possible in an underwritten offering with an internationally recognized underwriter mutually agreeable to both parties.

• Notwithstanding any other provision of the Plan, if the end of the Election Period is within six months of the date of grant of an Accelerated Right held by an individual subject to Section 16 of the Exchange Act, the option to which the Accelerated Right is attached shall be canceled in exchange for a cash payment equal to the Aggregate Spread on the day which is six months and one day after the date of grant of such Accelerated Right.

• All Rollover Options shall have an Aggregate Spread equal, on the day of grant, to the Aggregate Spread of the options cancelled or foregone in exchange for such Rollover Options.

• For purposes of determining the adjusted option price of a Conversion Award replacing a Manor Care Stock Option, the following formula shall be used to maintain the grantee's Aggregate Spread on each outstanding grant of Manor Care Stock Options.

More Definitions of Aggregate Spread

Aggregate Spread the difference between the aggregate exercise price ---------------- of an Existing HMC Stock Award and sum of the HMC Stock Price and one-tenth (1/10) of the Crestline Stock Price, multiplied by the number of shares underlying such Existing HMC Stock Award remaining unexercised on the Distribution Date. Aggregate Value: the number of shares of HMC Common Stock covered --------------- under an Existing HMC Stock Award under the 1997 HMC Comprehensive Stock Incentive Plan as of the Distribution Date multiplied by the sum of the HMC Stock Price and one-tenth (1/10) of the Crestline Stock Price.

Aggregate Spread the number of shares covered by a PEI Stock Option remaining unexercised on the Distribution Date (after giving effect to the Distribution) multiplied by the positive difference between (i) the sum of (x) the Post-Distribution Stock Price for a share of PEI Common Stock and (y) one-fourth of the Post-Distribution Stock Price for a share of PriceSmart Common Stock and (ii) the exercise price of such PEI Stock Option.

Aggregate Spread means the product of (i) the aggregate number of shares of Common Stock subject to all Options held by Executive as of the Effective Date or granted to Executive following the Effective Date and on or prior to the Closing Date and (ii) the excess of (A) the Change in Control Value over (B) the Exercise Price of such Options.

Aggregate Spread means the remainder of (A) the product of the Adjusted ACP (as defined below) times the aggregate shares of Buyer Stock issuable upon exercise of all Substitute Options minus (B) the aggregate exercise price of the Substitute Options;

Aggregate Spread shall be calculated by adding together the Spread (as defined herein) for each Unvested Company Option Award subject to vesting restrictions. The “Spread” means, with respect to each Unvested Company Option Award, an amount equal to the product of (A) the number of shares of Company common stock subject to the applicable Unvested Company Option Award, multiplied by (B) the difference obtained by subtracting (a) the price per share of such Vested Company Option Award from (b) the price per share of Company common stock paid pursuant to the Offer (as defined in the Merger Agreement). Notwithstanding anything to the contrary herein, all of your Company stock options which are outstanding immediately prior to the Closing Date, with the sole exception of those Unvested Company Option Awards having an Aggregate Spread at such time equal to $16,000,000.00 (Sixteen Million Dollars and Zero Cents), are and will remain fully vested. Upon the consummation of the Acquisition, the Cisco-Assumed Option Awards that you will be entitled to receive in exchange for such Unvested Company Option Awards (the “Unvested Cisco-Assumed Option Awards”) will vest as set forth herein. You hereby waive any right or entitlement you may otherwise have to receive fully vested and unrestricted Cisco-Assumed Option Awards in exchange for your Unvested Company Option Awards in the Acquisition. Except as otherwise expressly provided for herein, upon your termination of service with Cisco*, any Unvested Cisco-Assumed Option Award which has not yet vested at that time pursuant to the schedule set forth below will be forfeited by you and you shall cease to have any right, title or interest in and to the forfeited Unvested Cisco-Assumed Option Awards, including the right to exercise, as applicable, such Unvested Cisco-Assumed Option Awards for shares of Cisco common stock. Subject to your continued provision of services to Cisco, 25% (Twenty-Five Percent) of the Unvested Cisco-Assumed Option Awards will vest and become exercisable upon completion of six (6) months of active employment with the Cisco Employer. Thereafter, as long as you continue in active status as an employee, the Unvested Cisco-Assumed Option Awards will vest and become exercisable as to 1/24 (One Twenty-Fourth) of the total number of Unvested Cisco-Assumed Option Awards per month over the next eighteen (18) months. Notwithstanding the foregoing, upon a termination of your employment with Cisco due to (i) your resignation for G...

Aggregate Spread means the difference between the GCG Pre-Spinoff Stock Price and the exercise price of a GCG Stock Option, multiplied by the number of shares covered by such GCG Stock Option remaining unexercised as of the close of business on the Spinoff Date.

Aggregate Spread is defined as the product of (i) the difference between (A) the Fair Market Value of a share of Company Common Stock on the date Parent delivers the Exercise Notice and (B) $27.59 (or if the Exercise Price is increased pursuant to this Section 2(b), such Exercise Price) multiplied by (ii) the Designated Number with respect to such exercise.