Examples of Class A Options in a sentence
Xxxxxxxxx individually agrees to issue to Consultant 24,000 options to purchase shares of his Class B common stock of the Company (the “Class B Options”) at an exercise price of $0.50 per share (the Class A Options and the Class B Options shall collectively be referred to as the “Option Shares”).
The Class C Options, together with the Class B Options and the Class A Options are collectively referred to herein as the "Options".
The Management Company will at all times reserve and keep available a sufficient number of authorized but unissued shares of Class A Common Stock to permit the conversion of the outstanding shares of Class B Common Stock, Membership Units, and shares of convertible Preferred Stock and the exercise of any outstanding Class A Options.
To the extent that the Debtor has reserved additional Class A Options for its Employees or future employees, the Reorganized Debtor may issue or award such options at any time after the Effective Date.
Notwithstanding the provisions of Section 8 above, the Class A Options, Class B Options and Rolled Over Options will expire on the tenth anniversary of the date of grant.
Shares issued on exercise of the Class A Options rank equally with the then issued shares of the Company.
Upon exercise of such Class A Options, the Management Company shall contribute the proceeds received from the Option Holder to the Operating Company and, in exchange shall receive a number of Membership Units from the Operating Company equal to the number of shares of Class A Common Stock issued in connection with the exercise of the Class A Options divided by the Membership Unit Exchange Rate then in effect.
The Class A Options may be exercised during the Exercise Period by notice in writing to the Company (Exercise Notice) and payment of the Exercise Price for each Class A Option being exercised in Australian currency by electronic funds transfer or other means of payment acceptable to the Company.
The Class A Options are exercisable at $1.55 per security during a 20 business day period ending at 5.00pm (AEDT) on 8 February 2019.
Following the Effective Time, each Class A Optionholder shall cease to have any rights with respect to his or her Class A Options, except the right to receive the applicable Class A Option Merger Consideration for each Class A Option to be paid hereunder.