Existing Stock Options definition
Examples of Existing Stock Options in a sentence
In consideration of the grant of awards hereunder, all Existing Stock Options granted by the Company to the Grantee under the Existing Agreements are hereby canceled and terminated and shall be null and void without any further action by the Grantee or the Company.
Section 4.02(a) of the Disclosure Letter contains a true, accurate and complete list, as of the date hereof, of the name of each Existing Stock Option holder, the number of outstanding Existing Stock Options held by such holder, the grant date of each such Existing Stock Option, the number of Shares such holder is entitled to receive upon the exercise of each Existing Stock Option and the corresponding exercise price.
In addition, as of the end of the Business Day on August 11, 2011, there were outstanding Existing Stock Options to purchase an aggregate of 23,555,133 Shares, Existing Restricted Stock Awards with respect to an aggregate of 318,792 Shares, Existing RSU Awards with respect to an aggregate of 8,417,987 Shares, and Existing DSU Awards with respect to an aggregate of 37,670 Shares.
In addition, prior to the Effective Time, the Company shall not, and shall not permit any of its officers, directors or other employees to, authorize the extension of any loan pursuant to the terms of any of the Stock Option Plans or otherwise in connection with any Existing Stock Options.
Parent, Purchaser and the Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable to a holder of Shares or Existing Stock Options pursuant to the Offer or the Merger any stock transfer taxes and such amounts as are required to be withheld under the Internal Revenue Code of 1986, as amended (the "CODE"), or any applicable provision of state, local or foreign tax law.