Examples of CIC Price in a sentence
In the event of the consummation of a Change in Control of the Company pursuant to which the CIC Price is less than or equal to the Exercise Price, any Tranche 2 RSUs shall be immediately forfeited upon consummation of such Change in Control.
In the event of the consummation of a Change in Control of the Company pursuant to which the CIC Price is less than or equal to the Exercise Price, any Tranche 3 RSUs shall be immediately forfeited upon consummation of such Change in Control.
The amount of cash to be paid shall be determined by multiplying the number of such options by the difference between the exercise price per share and the CIC Price, if higher.
In the event of the consummation of a Change in Control of the Company pursuant to which the CIC Price is equal to or exceeds the Second Price Target, one-sixth of any then- outstanding Initial Restricted Stock Units which have theretofore not become vested (in addition to those described in the immediately preceding clauses (i) and (ii)) (the “Tranche 3 RSUs”) shall - 5 -vest in full.
Notwithstanding the foregoing subsections (1), (2) and (3), if the exercise price of a stock option exceeds the CIC Price or the Fair Market Value on the Post-Termination Date, as the case may be, such stock option shall be 100% vested but shall not be cancelled.