Examples of Cash Payment Amount in a sentence
The term "Market Price" shall mean the closing price (as measured by the last completed trade) for shares of Common Stock on the date of Parent's election, or if Stockholder elects to sell Shares to pay the Cash Payment Amount and has complied with the proviso to the immediately preceding sentence, the average price per Share actually realized in such sale.
Upon receipt of such notice, the Stockholder shall be permitted to sell a sufficient number of Shares to pay the Cash Payment Amount, if Stockholder shall, within five business days of such notice, sell such Shares, provided that Stockholder shall use reasonable best efforts to achieve good execution and shall consult with Parent with respect to the manner of disposition.
Notwithstanding the termination of the Option, Parent shall be entitled to exercise the Option or receive the Cash Payment Amount if it has given written notice of its intent to exercise the Option or receive the Cash Payment Amount in accordance with the terms hereof prior to the termination of the Option and the termination of the Option shall not affect any rights hereunder which by their terms do not terminate or expire prior to or as of such termination.
The Cash Payment Amount will not be considered as compensation for purposes of determining benefits under any other qualified or non-qualified plans of the Company.
Xx xxx xxxnt of any exercise of the Option or election to take the Cash Payment Amount, each of the Company, Parent and Stockholder shall execute and deliver all other documents and instruments and take all other action that may be reasonably necessary in order to consummate the transactions contemplated by such exercise.