Examples of Arbitron Option in a sentence
Any Arbitron Option held by (i) a Former Arbitron Employee or Former New Ceridian Employee who was entitled to continue benefits as a retired employee of the Corporation following his or her termination of employment, (ii) a retired non-employee director of the Corporation, (iii) the successors of an individual who is deceased, or (iv) a former director of ABR Information Services, Inc.
The Arbitron Option held by the optionee shall be converted into an option to purchase a number of shares of Arbitron common stock equal to the number of shares that were outstanding under the Arbitron Option immediately prior to the Effective Time adjusted pursuant to the terms of the option plan for the contemplated reverse stock split, and then rounded upwards to the nearest full share.
Any New Ceridian Employee who holds a Arbitron Option exercisable in whole or in part as of the Effective Time may instead elect, prior to the record date for the Distribution, to cancel the exercisable portion of such option and receive in its place an option to acquire New Ceridian common stock under the New Ceridian Option Plan, the number of shares and exercise price to be determined as provided in Section 5.3(b) below.
Encourage sustainable building practices (see Green Buildings chapter), such as locating structures to opti- mize solar orientation, passive ventilation and natural day lighting.
Except as otherwise provided in Section 5.5, each Arbitron Option held by a person other than a New Ceridian Employee or a New Ceridian director, consultant or independent contractor, whether or not exercisable as of the Effective Time, shall be adjusted in accordance with the following rules.
The stock option plans adopted by New Ceridian shall be administered so as to avoid adversely affecting any rights of a New Ceridian Employee under the terms of the plan under which the Arbitron Option was granted.