Examples of Conditional Options in a sentence
New Conditional Options shall be treated in all respects under this Plan as newly granted options.
If the Committee shall have so determined to grant such new options on such a conditional basis ("New Conditional Options"), no such New Conditional Option shall become exercisable in the absence of such employee's consent to the condition and surrender and cancellation as appropriate.
If the Committee shall have so determined to grant such new options on such a conditional basis ("New Conditional Options"), no such New Conditional Option shall become exercisable in the absence of such optionee's consent to the condition and surrender and cancellation as appropriate.
To exercise one or more (or all) of the Conditional Option(s), the Investor shall deliver an irrevocable written notice of such exercise (the “Exercise Notice”) to the Company at the address set forth in subsection (e) below.
The Exercise Notice shall indicate the number of Conditional Options that the Investor is exercising.
The Conditional Options have a five-year life, an exercise price of $0.77 per share, and a grant date fair value of $970,000, based upon a Black-Scholes model with a volatility of 64%, and a risk-free interest rate of 1.70%.
The Conditional Options were approved by Solitario’s shareholders at Solitario’s annual meeting on June 19, 2018.
Imperatives of Reforms and the Process of Reforms Readings:Moore, J.A. Jr. and Pubantz, J.
As promptly as reasonably practicable, but not less than five Business Days, following the delivery of an Exercise Notice to the Company, the Company and the Investor shall effect the closing of the exercise of the Conditional Option(s) indicated by the Exercise Notice.
The Conditional Options vest on the schedule of 25% on date of approval of the grant (June 19, 2018) and 25% on each of the next three anniversary dates of the date of grant (September 1, 2018, 2019 and 2020).