Company Unvested Option definition

Company Unvested Option means each Company Option (other than a Vested Option) for which a Substitute Option will be issued pursuant to Section 2.9(a); provided, however, that Company Unvested Options shall not include any Company Options issued to non-employee directors that have been surrendered or cancelled prior to Closing.
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Company Unvested Option means each Company Option outstanding as of immediately prior to the Effective Time that is not a Vested Company Option.
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Company Unvested Option means a Company Option that, as of immediately prior to the Effective Time, is not vested.
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Examples of Company Unvested Option in a sentence

  • Each Company Unvested Option (or portion thereof) that is outstanding and remains unaccelerated and unvested as of immediately prior to the Effective Time, if any, will be cancelled and extinguished and no consideration will be delivered in exchange therefor.

  • At the Effective Time, each Company Unvested Option shall not be assumed and will, by virtue of the First Merger and pursuant to this agreement and Section 11(c) of the Stock Option Plan, and without any further action on the part of Acquiror, Merger Subs, Company or the holder thereof, be cancelled for no consideration.

  • The cancellation of a Company Vested In-The-Money Option or Company Unvested Option as provided above shall be deemed a release of any and all rights the holder thereof had or may have had in respect of such Company Vested In-The-Money Option or Company Unvested Option.

  • At the Effective Time, each Company Unvested Option held by a Continuing Employee that is unexpired, unexercised and outstanding immediately prior to the Effective Time (including the Company Options for which acceleration is being waived and the New Company Options), shall, on the terms and subject to the conditions set forth in this Agreement, be assumed by Acquirer (as “Assumed Option”).

  • Following the Closing, Parent shall issue to each holder of a Company Unvested Option to be assumed by Parent pursuant to Section 1.6(d) hereof a document evidencing the assumption of such Company Unvested Option, by Parent, and, as a condition to such assumption, each former holder of a Company Unvested Option so assumed by Parent shall acknowledge the receipt of the same in exchange for such holder’s Company Unvested Option.

  • At the Effective Time, each Company Unvested Option held by a Continuing Employee that is unexpired, unexercised and outstanding immediately prior to the Effective Time (including the New Company Options), shall, on the terms and subject to the conditions set forth in this Agreement, be assumed by Acquirer.

  • Parent shall, effective as of the Effective Time, and by virtue of the Merger and without any action on the part of the holders thereof, either (A) assume each Company Unvested Option in accordance with terms set forth below in Section 1.6(c)(ii) or (B) cause any or all of such Company Unvested Options to terminate and cease to be outstanding in accordance with terms set forth below in Section 1.6(c)(iii).

  • Schedule 2.9 contains a list of all Company Unvested Options and the number of shares of Buyer’s common stock subject to the Substitute Option that will be substituted for each such Company Unvested Option and the exercise price per share of Buyer common stock of such Substitute Option.


More Definitions of Company Unvested Option

Company Unvested Option means an option to purchase Company Class A Units that, as of the Effective Time, is not vested under the terms of any Contract with Company.
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Company Unvested Option means any Company Option that is outstanding as of immediately before the Closing and that is not a Company Vested Option
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Company Unvested Option means an option to purchase Company Common Stock that, as of the Effective Time, is not vested under the terms of any Contract with Company or otherwise, after giving effect to any waiver of acceleration agreed to by the holder of such option.
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Related to Company Unvested Option

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).

  • Company Option means an option to purchase shares of Company Common Stock.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Parent Stock Option means any option to purchase Parent Common Stock.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Unvested Shares means "Unvested Shares" as defined in the Award Agreement.

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Company SAR means any stock appreciation right linked to the price of Company Common Stock and granted under any Company Stock Plan.

  • Optioned Stock means the Common Stock subject to an Option.

  • Parent Stock Plan has the meaning set forth in Section 6.2(a).

  • Company Options means options to purchase shares of Company Common Stock.

  • Company Stock Option means each option to purchase shares of Company Common Stock outstanding under the Company Stock Plans.

  • Company Optionholders means the holders of Company Options.

  • Director Option means an Option granted pursuant to Section 6.

  • Company Equity Award means a Company Stock Option or a Company Restricted Share granted under one of the Company Stock Plans, as the case may be.

  • Company RSU Award means any award of restricted stock units or performance stock units outstanding under the Company Stock Plans.

  • Unissued Option Shares means the number of Shares, at a particular time, which have been reserved for issuance upon the exercise of an Option but which have not been issued, as adjusted from time to time in accordance with the provisions of section 5, such adjustments to be cumulative.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Parent Option means an option to purchase shares of Parent Common Stock.

  • Company Optionholder means a holder of Company Options.