Available Option Shares definition

Available Option Shares means the number of Common Shares within the Plan Limit which are available at any time for the grant of Options as set forth in Section 3.2;
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Available Option Shares shall have the meaning set forth in ----------------------- Section 2.4(a).
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Available Option Shares means, at any time, the number of Common Shares by which the Maximum Option Shares exceeds the sum of (i) the aggregate number of Common Shares issued prior to such time pursuant to the exercise of Options and (ii) the aggregate number of Common Shares issuable pursuant to the exercise of all Options outstanding at such time;
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Examples of Available Option Shares in a sentence

  • As soon as practicable after the Company has determined that it will not purchase all of the Available Option Shares, but in any event within 60 days after the beginning of the Repurchase Notice Period corresponding to such Available Option Shares, the Company shall give written notice (the "OPTION NOTICE") to each Investor setting forth the number of Remaining Option Shares and the purchase price for the Remaining Option Shares.

  • If for any reason the Company does not elect to purchase all of the Available Option Shares, then the Investors shall be entitled to exercise the Repurchase Option for all or any portion of the Available Option Shares that were not repurchased by the Company pursuant to SECTION 11(b) above (the "REMAINING OPTION SHARES").

  • If for any reason the Company does not elect to purchase all of the Available Option Shares, then the Investors shall be entitled to exercise the Repurchase Option for all or any portion of the Available Option Shares that were not repurchased by the Company pursuant to Section 11(b) above (the “Remaining Option Shares”).

  • Each Investor shall make payment of the aggregate Purchase Price for the Option Shares or any Available Option Shares purchased hereunder (as set forth on Schedule 1.1 hereto) at the Option Closing or Available Option Closing therefor by wire transfer of funds to BCC's account, by certified check or by other delivery acceptable to BCC.

  • As soon as practicable after the Company has determined that it will not purchase all of the Available Option Shares, but in any event within 60 days after the beginning of the Repurchase Notice Period corresponding to such Available Option Shares, the Company shall give written notice (the “Option Notice”) to each Investor setting forth the number of Remaining Option Shares and the purchase price for the Remaining Option Shares.

  • If for any reason the Company does not elect to purchase all of the Available Option Shares, then the Investors shall be entitled to exercise the Repurchase Option for all or any portion of the Available Option Shares that were not repurchased by the Company pursuant to Section 10(b) above (the “Remaining Option Shares”).

  • Against receipt of the aggregate Purchase Price for the Option Shares or Available Option Shares purchased in the Option Closing or Available Option Closing therefor, BCC shall deliver to the Investors or such Investor's counsel duly issued certificates representing such Option Shares or Available Option Shares.

  • If for any reason the Company does not elect to purchase all of the Available Option Shares, then the Investors may exercise the Repurchase Option for all or any portion of the Available Option Shares that were not repurchased by the Company pursuant to Section 10(a) above (the “Remaining Option Shares”).

  • In the event the Board permits the Eligible Stockholders to exercise the Repurchase Option, then within 60 days after the beginning of the Repurchase Notice Period corresponding to such Available Option Shares, the Company shall give written notice (the "Option Notice") to each Eligible Stockholder setting forth the number of Remaining Option Shares and the purchase price for the Remaining Option Shares.

  • If for any reason the Company does not elect to purchase all of the Available Option Shares, then the Board may (but shall not be required to) permit the Eligible Stockholders to exercise the Repurchase Option for all or any portion of the Available Option Shares that were not repurchased by the Company pursuant to Section 11(b) above (the "Remaining Option Shares").

Related to Available Option Shares

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Remaining Shares has the meaning set forth in Section 4.1.2.

  • Option Stock shall have the meaning set forth in Section 2(a) hereof.

  • Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.

  • Available Shares means the sum of (i) one hundred fifty thousand (150,000) shares of Common Stock, and (ii) an annual increase on April 1st of each calendar year, beginning in 2022 and ending in 2031 (each a “Date of Determination”), in each case subject to the approval and determination of the Administrator on or prior to the applicable Date of Determination, equal to the lesser of (A) four percent (4%) of the total shares of Common Stock of the Company outstanding on the last day of the immediately preceding fiscal year and (B) such smaller number of shares as determined by the Administrator (the “Share Limit”). Notwithstanding the foregoing, shares added to the Available Shares by the Share Limit are available for issuance as Incentive Stock Options only to the extent that making such shares available for issuance as Incentive Stock Options would not cause any Incentive Stock Option to cease to qualify as such. In the event that the Administrator shall not take action to affirmatively approve an increase in the Share Limit on or prior to the applicable Date of Determination, the Share Limit and Available Shares, shall remain at such level as they were prior to such applicable Date of Determination. For clarity, the Available Shares is a limitation on the number of shares of Common Stock that may be issued pursuant to the Plan.

  • Unissued Option Shares means the number of Shares, at a particular time, which have been reserved for issuance upon the exercise of an Option but which have not been issued, as adjusted from time to time in accordance with the provisions of section 5, such adjustments to be cumulative.

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Optioned Shares means Shares subject to an Award granted pursuant to this Plan.

  • Stock Election Shares shall have the meaning set forth in Section 3.2.1.

  • Offering Shares means the Class A Shares sold in the Offering, whether such Class A Shares were purchased in the Offering or in the secondary market following the Offering and whether or not such holders are affiliates of the Sponsor.

  • Offered Shares has the meaning set forth in Section 3.02(a).

  • Cash Election Shares shall have the meaning set forth in Section 3.2.1.

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

  • Initial Shares means a number of Registrable Securities equal to the lesser of (i) the total number of Registrable Securities and (ii) one-third of the number of issued and outstanding shares of Common Stock that are held by non-affiliates of the Company on the day immediately prior to the filing date of the Initial Registration Statement.

  • Unit Shares means the Common Shares comprising part of the Units;

  • Amalco Shares means common shares in the capital of Amalco;

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Newco Shares means the common shares in the capital of Newco;

  • Non-Election Shares shall have the meaning set forth in Section 3.2.1.

  • Cutback Shares means any of the Registrable Securities not included in any of the Registration Statements previously declared effective hereunder as a result of a limitation on the maximum number of shares of Common Stock of the Company permitted to be registered by the staff of the SEC pursuant to Rule 415.

  • DWAC Shares means shares of Common Stock that are (i) issued in electronic form, (ii) freely tradable and transferable and without restriction on resale and (iii) timely credited by the Company to the Investor’s or its designee’s specified Deposit/Withdrawal at Custodian (DWAC) account with DTC under its Fast Automated Securities Transfer (FAST) Program, or any similar program hereafter adopted by DTC performing substantially the same function.