Founder Options definition

Founder Options mean the options to acquire common stock of the Company for an exercise price of approximately $3.07 per share (as presently constituted) granted to the Employee prior to the Company's initial public offering.
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Founder Options has the meaning set forth in Section 4.3.
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Founder Options means the options to acquire common stock of EFT for an exercise price of approximately $0.001 per share (as presently constituted) granted to the Employee prior to EFT' initial public offering.
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Examples of Founder Options in a sentence

  • True and complete copies of all outstanding Founder Option Grant Agreements for FENB Founder Options issued under FENB Compensation and Benefit Plans have been made available to CUNB.

  • All FENB Founder Options shall be exercisable in accordance with the terms of the applicable FENB Compensation and Benefit Plan and shall terminate at the Effective Time.

  • At or immediately prior to the Closing, the Company shall grant options to acquire Common Stock to the persons set forth in Schedule 4.3 (the "Founder Options").

  • The Company shall reserve, together with the shares issuable under the Plan, 15% of the Company's outstanding shares of Common Stock (after issuance of the Purchaser Shares) for issuance upon the exercise of the Founder Options or grants under the Plan.

  • Prior to the Closing, the Company shall have amended the Company's Amended and Restated 1997 Stock Compensation Program (the "Plan"), which Plan would cover an aggregate of 7.5% (but, together with the Founder Options, not more than 15%) of the Company's outstanding shares of Common Stock (after issuance of the Purchaser Shares).

  • A2R shall have the right to: (i) exercise the Founder Options to convert them into a corresponding number of Company Ordinary Shares and (ii) convert 187,500 Class B convertible redeemable Preferred Shares of the Company and 336,924 Ordinary Shares I into a total of 524,424 Company Ordinary Shares.

  • Issued Founder Options were for 5,187,904 underlying common shares and were fully vested after one year.

  • The balance of 9.302 shares of Common Stock reserved under the Plan shall be reserved for issuance upon exercise of non-qualified options granted at the Closing to the Principal Shareholders (the "Founder Options").

  • In the event of an Event of Default, the trustee has the authority to claim the pledged assets of the trust, to liquidate said pledged assets, and to accelerate payment of remaining debts of the trust estate.

  • The Founder Options shall be in substantially the form of EXHIBIT K attached hereto, and shall have an excise price which corresponds to a Common Stock valuation of the Company of at least $120,000,000.


More Definitions of Founder Options

Founder Options means the CINAR Options to acquire up to 840,000 CINAR Shares which were the subject of the Founder Option Proceedings.
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Founder Options means the Cinar Options to acquire the Underlying Shares which were the subject of the Founder Option Proceedings;
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Founder Options means each Founder’s option to acquire 4,205,100 Common Shares at par value of such shares; such option has been fully vested and can be exercised at any time at each Founder’s discretion;
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Founder Options means the 576,429 options to purchase an aggregate of 576,429 common shares of SBI issued to certain founders in lieu of common shares;
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Founder Options means the options to acquire common stock of Encompass for an exercise price of approximately $3.07 per share (as presently constituted) granted to the Employee prior Encompass' initial public offering.
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Related to Founder Options

  • Rollover Options has the meaning provided in Subsection 3.1(h).

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

  • Rollover Option has the meaning set forth in Section 2.4(a).

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

  • Parent Options means options or other rights to purchase shares of Parent Common Stock issued by Parent.

  • Promised Options means promised but ungranted Options that are the greater of those (i) promised pursuant to agreements or understandings made prior to the execution of, or in connection with, the term sheet or letter of intent for the Equity Financing or Liquidity Event, as applicable (or the initial closing of the Equity Financing or consummation of the Liquidity Event, if there is no term sheet or letter of intent), (ii) in the case of an Equity Financing, treated as outstanding Options in the calculation of the Standard Preferred Share’s price per share, or (iii) in the case of a Liquidity Event, treated as outstanding Options in the calculation of the distribution of the Proceeds.

  • Non-Vested Shares means any portion of the Restricted Stock subject to this Agreement that has not become vested pursuant to this Section 2.

  • SPAC Warrants means SPAC Private Warrants and SPAC Public Warrants, collectively.

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

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Optioned Shares means the shares of Common Stock that are issued pursuant to the exercise of the Options;

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

  • Series D Warrants means series D share purchase warrants of the Corporation issued to RTIH on May 22, 2012 in connection with the 2012 Rights Offering in accordance with the 2012 MoA, the terms of which are more particularly described under the heading “General Development of the Business – Agreements with the Rio Tinto Group – 2012 MoA”.

  • Founder Shares Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier of (A) one year after the completion of the Company’s initial Business Combination and (B) subsequent to the Business Combination, (x) if the closing price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (y) the date on which the Company completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property.

  • Parent Warrants has the meaning set forth in Section 5.3(a).

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Options means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.

  • 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.

  • Company Convertible Securities means, collectively, any options, warrants or rights to subscribe for or purchase any capital stock of the Company or securities convertible into or exchangeable for, or that otherwise confer on the holder any right to acquire any capital stock of the Company.

  • Common Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Common Warrants shall be exercisable immediately upon issuance and have a term of exercise equal to five (5) years from the initial exercise date, in substantially the form of Exhibit A attached hereto.

  • Series C Warrants means, collectively, the Series C Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 9 months, in the form of Exhibit A attached hereto.

  • Series D Shares means shares of Series D Convertible Preferred Stock, par value $0.001 per share of the Company and having the rights, privileges, preferences and restrictions set forth in the Charter.