Examples of Class A Option in a sentence
Notwithstanding anything to the contrary herein, the Committee may accelerate the exercisability or delay or postpone the expiration of any outstanding Class A Option at such time and under such circumstances as the Committee, in its sole discretion, deems appropriate.
The Option also entitles the Optionee to purchase 1,556 shares of the Company's Class B Common Stock at a price equal to $100.00 per share (the "Class B Option Exercise Price" and, collectively with the Class A Option Exercise Price, the "Option Exercise Price"), which the parties acknowledge is not less than the fair market value of one share of the Class B Common Stock as of the Effective Date.
Subject to the acceleration and forfeiture provisions set forth in this Section 8(a), Class A Options shall become exercisable with respect to an equal proportion of the Common Stock subject thereto on each anniversary of the date of grant of such Class A Option, through and until the end of the fifth anniversary of the date of grant of such Class A Option.
Notwithstanding anything to the contrary herein, in the event that a Holder's employment or service with the Company or any of its subsidiaries is terminated (x) by the Company or any of its subsidiaries for Cause or (y) by the Holder without Good Reason, any unexercisable portion of any Class A Option held by such Holder shall expire immediately upon termination.
Any portion of any Class A Option exercisable upon termination shall expire on the 90th day after termination the Holder's employment or service if unexercised.
Any portion of any Class A Option exercisable upon termination shall expire on the 90th day after the termination of the Holder's employment or service if unexercised.
Any unexercisable portion of any Class A Option held by a Holder shall expire immediately prior to a Holder's termination of service or employment.
Notwithstanding anything to the contrary herein, in the event that a Holder's employment or service with the Company or any of its subsidiaries is terminated for any reason, with or without cause, initiated either by the Company or any of its subsidiaries or by the Holder, any unexercisable portion of any Class A Option held by a Holder shall expire immediately upon termination.
Subject to Section 10 hereof, Class A Options shall become exercisable in full upon the occurrence of an Exit Event and the right to exercise such Option shall terminate at the close of the day on the date of the Exit Event, but in no event later than the expiration of such Class A Option.
The Management Company shall be entitled to receive one Common Membership Unit upon exercise of an Operating Company Option in exchange for the remitted exercise price of the corresponding Class A Option.