Examples of Holdco Option in a sentence
Each New Hillman Option is generally subject to the same vesting conditions as the Hillman Holdco Option from which it was converted, except that the performance-based vesting conditions of any Hillman Holdco Option granted prior to 2021 were adjusted such that the performance-based portion of the associated New Hillman Option will vest upon certain pre-established stock price hurdles.
Each TWOLF Option that is outstanding immediately prior to the Effective Time, whether or not then vested or exercisable, shall, as of the Effective Time, automatically and without any action on the part of the holder thereof, be assumed by Holdco and converted into a Holdco Option.
Each XRAY Option that is outstanding immediately prior to the Effective Time, whether or not then vested or exercisable, shall, as of the Effective Time, automatically and without any action on the part of the holder thereof, be assumed by Holdco and converted into a Holdco Option.
Except as specifically provided above, following the Duke Effective Time, each Holdco Option shall continue to be governed by the same terms and conditions (including vesting and exercisability terms) as were applicable to such Parent Option immediately prior to the Duke Effective Time.
Holdco shall use its reasonable best efforts to cause the Holdco Common Shares to be issued in connection with the Transactions and the Holdco Common Shares to be reserved for issuance upon exercise of the Holdco Options (issued under the 2000 Holdco Option Plan) and El Sitio Common Share Options, to be approved for listing on Nasdaq, subject to official notice of issuance, prior to the Closing Date.
The number of common units of Holdco subject to each such Holdco Option shall be the number of Hexion Units subject to each such Hexion Option multiplied by the Hexion Exchange Ratio, rounded, if necessary, down to the nearest whole common unit of Holdco, and such Holdco Option shall have an exercise price (or base price) per share (rounded up to the nearest one-hundredth of a cent) equal to the per share exercise price (or base price) of such Hexion Option divided by the Hexion Exchange Ratio.
No Holdco Options will be issued in respect of those Options.6 The exercise price of each Holdco Option will be an equivalent US$ exercise price based on the AUD:USD exchange rate on the business day prior to the Scheme Implementation Date.
Charter Holdco Option Plan Pursuant to the Charter Holdco Option Plan, each of the officers and directors of CII set forth in Item 1 (other than Mr. Kent, whose option from Charter Holdco was not issued pursuant to the Charter Holdco Option Plan) were granted options to acquire Charter Holdco membership units which will be automatically exchanged for shares of Class A Common Stock of the Issuer upon exercise.
Each Holdco Option held by a Continuing Employee that is unexpired, unexercised and outstanding immediately prior to the Effective Time, whether vested or unvested, shall, on the terms and subject to the conditions set forth in this Agreement, be assumed and converted by Acquirer in accordance with Section 5.16.
At or prior to the Closing, SPV Holdco shall adopt any resolutions and take any actions that are necessary to effectuate the treatment of the SPV Holdco Option pursuant to this Section 3.3(c) and take all actions necessary to ensure that, from and after the Closing, SPV Holdco will not be required to deliver shares or other equity interests of SPV Holdco to any Person pursuant to or in settlement of SPV Holdco Options.