Examples of Class A Options in a sentence
At May 31, 2008, there were 1,249,000 Class A Options outstanding, and 250,000 shares of Class A Stock were available for additional awards, under the Class A Plan.
It is resolved that the subscription price of the Class A Profit Certificates to be issued upon exercise of the Class A Options that will be outstanding on the Payment Date after the split of the Class A Options provided in item 9 of the agenda, per Class A Profit Certificate, will be equal to the exercise price of a Class A Option after the amendment of the relevant exercise price on the Payment Date as provided in item 9 of the agenda.
In fiscal 2008, the Company awarded 250,000 Class A Options to Mr. Robinson at an exercise price of $36.21 per share.
This includes the work performed in the course of our employment which is a work-for-hire belonging to GIA.
Class A Options (a) Exercise Price and Expiry Date Each Option shall have an exercise price of $0 (Exercise Price) and expire three years from the date of issue (Expiry Date).
The exercise price of the Class A Options still outstanding on the Payment Date and not exercised after the split set forth in item (a) will be determined at four euro ninety two eurocents (€4.92) per Class A Option, multiplied by the Conversion Ratio (as defined hereinafter).
It is resolved to issue a maximum number of Class A Profit Certificates equal to the number of Class A Options that will be outstanding on the Payment Date after the split of these Class A Options provided in item 9 of the agenda, and consequently, to issue, subject to the condition precedent and to the extent of the exercise of the a Class A Options concerned, each time one (1) new Class A Profit Certificate per Class A Option exercised.
The number of granted Class A Options still outstanding and not exercised on the Payment Date will be split by dividing this number by the Conversion Ratio (as defined hereinafter).
Repayment: in certain circumstances (including in the event that shareholder approval is not obtained as contemplated above) the Loan must be repaid in cash, together with payment of a repayment premium of$150,000 (being 10% of the Loan) plus costs.Subsequent to the end of the financial half-year, the Company issued 7,500,000 shares and 3,125,000 free Class A Options issued for $0.20 each pursuant to the conversion of the $1.5 million convertible loan.
As the Class A Options were issued as part of the fixed remuneration correction plan, no vesting conditions were attached other than the continuation of service, which could be waived at the discretion of the Board.