Company Option Holders definition

Company Option Holders means the holders of Company Options.

Company Option Holders has the meaning ascribed to it in Section 2.3.

Company Option Holders means holders of any Outstanding Company Options. Once the Company has cancelled the Company Options in the manner provided in Section 3.1(d), the term “Company Option Holders” shall thereafter refer to those persons who were Company Option Holders immediately prior to the Effective Time and who, by virtue of the actions taken in accordance with Section 3.1(d), thereafter have a right to receive cash as provided in Section 3.1(d).

Examples of Company Option Holders in a sentence

• At the request of the Parent, the Company shall cooperate with the Parent to enter into a Company Option Contract with any one or more Company Option Holders (other than a Signing Date Consenting Stockholder), as designated by the Parent, with respect to one or more Company Options held by such Company Option Holder.

• Notices or communications to or from Stockholders’ Agent after the Closing shall constitute notice to or from each of the Stockholders and Company Option Holders.

• The payment of the Vested Company Option Cash Out Amount to any holder of Vested Company Options shall be paid at such time(s) provided in this Agreement to the Surviving Corporation for further payment to the holders of Employee Company Options through the Surviving Corporation’s payroll processing system net of applicable Tax withholding and deductions, and in respect of Non-Employee Company Options, shall be paid to the Payment Agent for further payment to the Non-Employee Company Option Holders.

• The Stockholders and Company Option Holders hereby appoint Stockholders’ Agent for the purposes and upon the terms and conditions hereinafter set forth, and each Stockholder and Company Option Holder shall be irrevocably bound by any action taken by Stockholders’ Agent in accordance herewith.

• Upon the Escrow Termination Date, a portion of the Escrow Fund (the “Escrow Release Amount”) shall promptly be delivered to (a) the Exchange Agent for further distribution to the Company Securityholders (other than the Company Option Holders) and (b) the Company for further distribution to the Company Option Holders, in each case, in accordance with the Payment Schedule (as updated pursuant to Section 6.11).

• Upon written notice from the Stockholders’ Agent to the Stockholders and Company Option Holders as to any such owed amount, including a reasonably detailed description as to such owed amount, the Stockholders and Company Option Holders shall promptly deliver to the Stockholders’ Agent full payment of his, her or its Escrow Pro Rata Share of such owed amount.

• Parent acknowledges that the Stockholders’ Agent may have a conflict of interest with respect to its duties as Stockholders’ Agent, and in such regard the Stockholders’ Agent has informed Parent that it will act in the best interests of the Stockholders and Company Option Holders.

• For tax purposes, the Stockholders’ Agent Reimbursement Amount shall be treated as having been received and voluntarily set aside by the Stockholders and Company Option Holders at the time of Closing.

• Stockholder Indemnitees shall not be entitled to indemnification under Section 9.3(a) for any Losses (individually or in the aggregate) in excess of the Escrow Amount (the “ Parent Cap ”) and no indemnification pursuant to such provisions shall be payable thereafter, except that the Parent Cap shall not apply to any payments required to be made by Parent or its Affiliates to or for the benefit of Stockholders or Company Option Holders pursuant to Article II or Article VII .

• I understand that Dr. Fleischer is neither providing nor dispensing cannabis, nor does he encourage any illegal activity in my obtaining medical marijuana.

More Definitions of Company Option Holders

Company Option Holders has the meaning set forth in the Preamble.

Company Option Holders means holders of any Vested Company Options. “Company Owned Intellectual Property” is defined in Section 4.14(a). “Company Shares” means shares of Common Stock.

Company Option Holders means holders of any Company Options.

Company Option Holders means the Company Option Holders set forth on Section 5.2(c) of the Disclosure Schedule. “Company Option Value” means $413,619, as may be adjusted in good faith by mutual agreement of the parties following the date hereof, including to incorporate Black Scholes options pricing. “Company Seed 1 Preferred Shares” means the Series Seed 1 Preferred Shares of the Company. “Company Seed 2 Preferred Shares” means the Series Seed 2 Preferred Shares of the Company. “Company Shares” means the Company Common Shares, the Company Seed 1 Preferred Shares and the Company Seed 2 Preferred Shares. “Company Software” means all Software (i) owned or purported to be owned by the Company, or (ii) that embodies any Owned Intellectual Property. “Company Systems” means all information technology equipment, computers, Software, hardware (whether general purpose or special purpose), servers, routers, networks, peripherals and other computer systems that are owned, controlled or used by the Company in the conduct of their respective businesses. “Confidentiality Agreement” means the Confidentiality Agreement, dated as of June 22, 2022, by and between Bird Rides, Inc. and Bird Canada Inc. “Consideration Schedule” means a schedule prepared by the Company and the Sellers’ Representative setting forth the consideration that each Seller is entitled to receive in connection with the Transactions based on the Pro Rata Percentage of each Seller in form and substance reasonably acceptable to the Purchaser (which schedule shall be consistent with the Organizational Documents of the Company).

Company Option Holders shall consist of each holder of an outstanding Company Option, in each case immediately prior to the Effective Time.

Company Option Holders means, collectively, the holders of Company Options immediately prior to the Closing. “Company Securities” has the meaning set forth in Section 4.5(b).