Company Vested Options definition

Company Vested Options means all Company Options that are vested (and have not been exercised) immediately prior to the Effective Time.

Company Vested Options means any Company Options that are vested under the terms of any Contract with Company and that are unexpired, unexercised and outstanding as of immediately prior to the Effective Time. For purposes of clarification, for any outstanding grants of Company Options that are partially vested, only the vested portion of such grants shall be considered Company Vested Options, and the unvested portions of such grants shall be considered Company Unvested Options.

Company Vested Options means any Company Options that are or will become vested under the terms of any Contract or otherwise with the Company (including any Company Options that shall become vested in connection with the Merger) and that are unexpired, unexercised and outstanding as of immediately prior to the Effective Time. For purposes of clarification, for any outstanding grants of Company Options that are partially vested, only the vested portion of such grants shall be considered Company Vested Options, and the unvested portions of such grants shall be considered Company Unvested Options.

Examples of Company Vested Options in a sentence

• The Surviving Corporation may make any payments to holders or former holders of Company Vested Options pursuant to the foregoing, net of any applicable withholding, via a regular or special payroll run, in accordance with its regular payroll practices.

• The Stockholders’ Representative shall be permitted to deposit any funds held in the Representative Fund in respect of Company Vested Options with the Surviving Corporation or any Acquired Company, such amounts to be disbursed by the Surviving Corporation or any of the Acquired Companies through its normal payroll process.

• Thereafter, without impairing the rights of the holders of Company Vested Options to receive cash payments to the extent set forth herein, the holders of Company Options shall, as of the Effective Time, cease to have any further right or entitlement to acquire any Company Common Shares or any shares of capital stock of the Buyer or the Surviving Corporation under the cancelled Company Options.

• To the extent that amounts are so withheld, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of such Company Vested Options.

• From and after the Effective Time, all Company Vested Options shall no longer be outstanding and shall cease to exist, and each holder of a Vested Company Options shall cease to have any rights with respect thereto or arising therefrom, except the right to receive the Option Consideration payable hereunder.

More Definitions of Company Vested Options

Company Vested Options means any Company Options that are vested immediately prior to the Effective Time or that vest in connection with the Closing.

Company Vested Options means all issued and outstanding options to purchase Company Common Stock to the extent vested, outstanding and unexercised immediately prior to the Effective Time.

Company Vested Options means all Company Options that are vested (and have not been exercised) immediately prior to the Effective Time. For the avoidance of doubt, Company Options that accelerate as a result of Parent’s election under Section 1.6(c)(i)(B) shall not be deemed to be Company Vested Options.

Company Vested Options means the stock options of the Company that are vested as of immediately prior to the Effective Time.

Company Vested Options means the sum of the number of shares of the Company's Common Stock (A)(i) underlying the vested portion of each Company Option as such may be amended on or before the Effective Time, to the extent such amendment is permitted under Section 4.4(a), (ii) which are not otherwise included in outstanding Company Common Shares for purposes of this Section 1.5, and (iii) which underlie the portion, if any, of the Company Vested Options for which a direct cash payment is otherwise allocated pursuant to this Section 1.5 without the requirement that such options be exercised and (B)(i) underlying the otherwise vested portion of such Company Option for which a valid exercise has not been made prior to the date specified by the Company prior to the Closing, (ii) which are not otherwise included in outstanding Company Common Shares for purposes of this Section 1.5, and (iii) which underlie the portion, if any, of the Company Vested Options for which a direct cash payment is otherwise allocated pursuant to this Section 1.5 without the requirement that such options be exercised.

Company Vested Options means as of immediately prior to Acquisition Merger Effective Time, all vested Company Options, outstanding and unexercised.

Company Vested Options means all Company Options (or portions thereof) that, as of immediately prior to the Effective Time, are outstanding and vested under the terms of the Plan or otherwise, after giving effect to any acceleration of vesting pursuant to Section 1.6(c)(i). For the sake of clarity, Company Vested Options excludes the unaccelerated and unvested portion of a Company Option that will be cancelled at the Effective Time pursuant to Section 1.6(c)(i).