Examples of Company Employee Options in a sentence
The grant of the Company Employee Options shall have been approved, which approval shall not have been revoked or amended, and Parent shall have delivered to the Company Stockholder Representative award agreements, each in accordance with Section 1.9.
Subject to the terms and conditions of this Agreement, at the Effective Time, by virtue of the Merger and without any further action on the part of Parent, Merger Sub, the Company or any Holder of any Company Common Shares or Company Employee Options, Company Employee Options shall cease to represent a right to acquire Company Common Shares and shall automatically be converted into an option (a “Company Converted Option”) to purchase Parent Common Shares.
At the Closing, Parent shall deliver award agreements for the issuance of the Company Employee Options in form and substance reasonable satisfactory to the Stockholder Representative for delivery to the applicable recipients thereof for countersignature.
Acquiror shall cause the Company’s current payroll provider, Insperity, on behalf of the Company, to deliver to such holder of Company Employee Options the cash amount such holder has the right to receive pursuant to Section 1.9(a)(ii) in respect of such Company Employee Option as stated in the Spreadsheet, less such Company Optionholder’s Pro Rata Share of the Escrow Amount and Reserve in respect of such Company Employee Option (as set forth on the Spreadsheet).
Subject to adjustment as provided in Section 4.2, no persons shall be granted within any fiscal year of the Company Employee Options which in the aggregate cover more than shares; provided, however, that the foregoing limit shall be shares with respect to Options granted to any person during the first fiscal year of such person’s employment with the Company.5.4 TERMS AND CONDITIONS OF EMPLOYEE OPTIONS.
Except for shares of Company Common Stock which may be issued pursuant to the exercise of Company Employee Options, there will be no increase in the outstanding shares of Company Common Stock and no issuance of any shares of Company Preferred Stock after the execution and delivery of this Agreement.
If Acquiror owes the Final Adjustment Amount to the Company Securityholders, within five Business Days of the Final Determination Acquiror shall deposit (in each case for prompt distribution to the Company Securityholders) with the Exchange Agent (and the Company’s current payroll provider in respect of the portion of such amount allocable to the holders of Company Employee Options per the Pro Rata Share as stated in the Spreadsheet) an amount in cash equal to the Final Adjustment Amount.
Except for the Company Employee Options listed on the Company Disclosure Schedule, there will not be outstanding at any time up to and including the Effective Time any stock options, stock appreciation rights, restricted stock grants or any other such right to acquire any shares of the 12 Company Common Stock from the Company.
If Resolution 8 is passed, the Employee Share Option Plan will enable the Company to issue options to executives, employees and consultants of the Company ("Employee Options") and to issue Shares to those executives, employees and consultants if they choose to exercise their Employee Options.
In rendering our Opinion, we have examined such agreements, documents, instruments and records as we deemed necessary or appropriate under the circumstances for us to express our Opinion, including, without limitation, the record of corporate proceedings, the respective option or warrant agreements governing the terms of the Company Employee Options and the SCFC Options, the Southern Crescent Financial Corp 1995 Directors Stock Incentive Plan (the "SCFC Plan") and the Merger Agreement.