Everest Option definition

Everest Option means an option to purchase shares of Everest Common Stock granted pursuant to an Everest Stock Incentive Plan or otherwise.
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Everest Option means an option to purchase shares of Everest Common Stock granted pursuant to an Everest Stock incentive Plan or otherwise. “Everest PBrSu” shall mean a performance-based restricted stock unit granted pursuant to the Everest Stock incentive Plan or otherwise that vests on the
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Examples of Everest Option in a sentence

  • The Series C Preferred Stock is being issued pursuant to the terms of the Everest Option Agreement.

  • Pursuant to the Everest Agreement, the Purchaser granted Everest, among other things, an option to purchase up to 25% of the BACs tendered in the Offer on the same terms and conditions as the Purchaser's purchase of the BACs (the "Everest Option").

  • Pursuant to the Everest Agreement, the Purchaser granted to Everest, among other things, an option to purchase up to 25% of the BACs tendered in the Offer on the same terms and conditions as the Purchaser's purchase of BACs (the "Everest Option").

  • As used in this Certificate, the term “Majority Holders” shall mean those persons who were issued a majority of the shares of Series C Preferred Stock pursuant to the terms of the Everest Option Agreement to the extent that such persons continue to own capital stock in the Corporation.

  • Everest does not admit or believe it or any affiliate is a co-bidder in the Offer or that, as a result of the Everest Option, there will be any contractual relationship with BACs holders.

  • Everest believes that the net worth of the members of the investment fund sponsored by Everest which will acquire BACs if Everest exercises the Everest Option is in excess of $5,000,000 in the aggregate.

  • Section 10 of the Offer to Purchase is hereby further supplemented and amended to add the following paragraph at the end of the subsection entitled "Everest": At the request of the SEC, Everest has agreed to execute the amended Schedule 14D-1 solely because it holds the Everest Option.

  • Pursuant to the Everest Agreement, Lehigh I and its affiliates (including the Purchaser) granted to Everest, among other things, an option to purchase up to 25% of the BACs tendered in the Offer on the same terms and conditions as the Purchaser's purchase of BACs (the "Everest Option").

  • On the Effective Date (in the case of an Original Grantor) or the date on which it signs and delivers its first Security Agreement Supplement (in the case of any other Grantor), such Grantor will enter into (and cause the relevant issuer to enter into) an Issuer Control Agreement in respect of each Pledged Uncertificated Security then owned by such Grantor and deliver such Issuer Control Agreement to the Collateral Agent (which, if satisfactory to the Collateral Agent, shall enter into the same).

  • If Everest exercises the Everest Option for 25% of all of the BACs sought pursuant to the Offer and 11,461 BACs are tendered and accepted for payment, the Purchaser expects that approximately $2,148,938 (exclusive of fees and expenses) of the aggregate purchase price would be paid by Xxxxxxx.

Related to Everest Option

  • Interest Option has the meaning given such term in Section 2.5(c).

  • Call Option Date As defined in Section 10.01(a) hereof.

  • Replacement Option means an Option that is granted when a Participant uses a Common Share held or to be acquired by the Participant to exercise an Option and/or to satisfy tax withholding requirements incident to the exercise of an Option.

  • Call Option Period has the meaning given to it in Condition 6.04 (Call Option);

  • Investment Option means any of the guaranteed investments and variable investment funds available under the Plan.

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Replacement Options has the meaning ascribed thereto in Section 1.1 of the Plan of Arrangement;

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

  • Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

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

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

  • Option Period means the period during which an Option may be exercised.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

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

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

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

  • Put Option Event means a Change of Control Event.

  • Investment Options means the investment options, as determined from time to time by the Committee, used to credit earnings, gains and losses on Account balances.

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

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • Share Termination Alternative If applicable, Dealer shall deliver to Counterparty the Share Termination Delivery Property on, or within a commercially reasonable period of time after, the date when the relevant Payment Obligation would otherwise be due pursuant to Section 12.7 or 12.9 of the Equity Definitions or Section 6(d)(ii) and 6(e) of the Agreement, as applicable, in satisfaction of such Payment Obligation in the manner reasonably requested by Counterparty free of payment. Share Termination Delivery Property: A number of Share Termination Delivery Units, as calculated by the Calculation Agent, equal to the Payment Obligation divided by the Share Termination Unit Price. The Calculation Agent shall adjust the Share Termination Delivery Property by replacing any fractional portion of a security therein with an amount of cash equal to the value of such fractional security based on the values used to calculate the Share Termination Unit Price.