Company Option Shares definition

Company Option Shares means the number of shares of Company Capital Stock (whether vested or unvested) issuable upon the exercise of all Company Options.

Company Option Shares means the Company Shares to be issued to holders of Company In- The-Money Options pursuant to Section 2.3(e) of the Plan of Arrangement, which is equal to the In-The-Money Amount of such Company In-The-Money Options held by each Company Optionholder net of applicable source deductions, which shall be the amount obtained by dividing the applicable source deduction in respect of each Company In-The-Money Option held by such Company Optionholder by the Fair Market Value and rounding up to the nearest whole Company Share.

Company Option Shares means the number of shares of Common Stock issuable immediately prior to the Effective Time if all Company Options then outstanding were exercised immediately prior to the Effective Time.

Examples of Company Option Shares in a sentence

• If any or all of such Company Option Shares are not sold pursuant to an Offer within the time permitted above, the unsold Company Option Shares shall remain subject to the terms of this Section 16 and any future proposed transfer must again comply with the provisions set forth herein.

• Pursuant to the Certificate of Incorporation of the Company, Option Shares may be converted into Class A Shares, but only if the Class A Shares received upon the conversion are sold or transferred immediately following the conversion in a market transaction or qualifying private transaction as such terms are defined in the Company’s Certificate of Incorporation.

• If the Company elects to purchase any or all of such Company Option Shares, it shall be obligated to purchase, and the Employee shall be obligated to sell to the Company, such Company Option Shares at the price and terms indicated in the Offer within 30 days from the date of delivery by the Company of such counter-notice.

• If any or all of such Company Option Shares are not sold pursuant to an Offer within the time permitted above, the unsold Company Option Shares shall remain subject to the terms of this Section 8.

• Upon receipt of the Option Notice, the Company shall have an assignable option to purchase any or all of such shares (the "Company Option Shares") specified in the Option Notice, such option to be exercisable by giving, within 90 days after receipt of the Option Notice, a written counter-notice to the Transferor (the "Counter-Notice").

More Definitions of Company Option Shares

Company Option Shares means the Common Stock issuable upon exercise of the Company Option.

Company Option Shares has the meaning set forth in Section 4.3(a).

Company Option Shares means the Company Shares to be issued to holders of Company In-The-Money Options pursuant to Section 2.3(f) of the Plan of Arrangement, which is equal to the In-The-Money Amount of such Company In-The-Money Options held by each Company Optionholder net of applicable source deductions, which shall be the amount obtained by dividing the applicable source deduction in respect of each Company In-The-Money Option held by such Company Optionholder by the Fair Market Value and rounding up to the nearest whole Company Share.

Company Option Shares means the Common Stock issuable upon exercise of the Company Option. “ Company Owned Intellectual Property Assets ” has the meaning set forth in Section 3.15(c) .

Company Option Shares means each share of Company Common Stock subject to a Company Option, as set forth on Section 2.2 of the Disclosure Schedule.

Company Option Shares means the number of shares exercisable (without regard to the vesting requirements of such Company Option) under a Company Option as of the time immediately prior to the Effective Time of Merger I (rounded down to the nearest cent). For purposes of this Section, the term “Cash Ratio” means the quotient of the Gross Cash Option Consideration divided by the Gross Option Consideration. For purposes of this Section, the term “Gross Cash Option Consideration” means the product of the Company Option Shares multiplied by the Company Common Cash Conversion Ratio. For purposes of this Section, the term “Gross Stock Option Consideration” means the product of the Company Option Shares multiplied by the Company Common Stock Conversion Ratio multiplied by the Parent Average Stock Price. For purposes of this Section, the term “Gross Option Consideration” means the sum of the Gross Cash Option Consideration plus the Gross Stock Option Consideration. For purposes of this Section, the term “Stock Ratio” means the quotient of the Gross Stock Option Consideration divided by the Gross Option Consideration. The term “Exercise Price Per Share” means the exercise price per share of such Company Common Stock subject to such Company Option, as in effect immediately prior to the Effective Time of Merger I.

Company Option Shares means the Company Shares to be issued to holders of Company In- the-Money Options pursuant to Section 3.2(d) of the Plan of Arrangement;