Initial Option Consideration definition

Initial Option Consideration means, with respect to a vested Option, an amount in cash equal to the product of (a) the excess of the Initial Per Share Transaction Consideration over the exercise price per Common Share of such vested Option and (b) the number of Common Shares subject to such Option.

Initial Option Consideration has the meaning set forth in Section 2.2.1.

Initial Option Consideration means the Initial Class A Option Consideration and the Initial Class B Option Consideration.

Examples of Initial Option Consideration in a sentence

• Any portion of the Initial Option Consideration remaining at Closing shall be deposited in the name of the LLC.

• Any payments made to an Indemnified Party pursuant to this Article VI or pursuant to the Escrow Agreement shall be treated as an adjustment to the Initial Merger Consideration, the Initial Option Consideration and the Initial Warrant Consideration for tax purposes.

• Notwithstanding the foregoing, in no event shall Buyer be required to deposit the Initial Option Consideration until Seller has obtained its limited partner approval under Section 8.2 below.

• The Earnout Payment, if any, less any reimbursed amounts paid from the Earnout Payment to the Shareholder Representative under Section 1.9(d)(ii), shall be paid to the Company Securityholders pro rata based on such Company Securityholder’s portion of the aggregate Initial Merger Consideration, Initial Option Consideration and Initial Warrant Consideration.

• Each party shall be responsible for its own attorneys’ fees incurred in connection with the negotiation and preparation of this Agreement and other instruments or documents mentioned herein; provided that in the event Buyer does not pay or cause to be paid the Initial Option Consideration on or before the Option Payment Date, Buyer shall pay Seller’s attorneys’ fees and costs incurred in connection with the negotiation and preparation of this Agreement and any documents mentioned herein.

More Definitions of Initial Option Consideration

Initial Option Consideration is as defined in Section 2.7.

Initial Option Consideration means the Option Consideration payable at Closing and as adjusted pursuant to Section 1.5(f).

Initial Option Consideration means Twenty-Three Million Six ---------------------------- Hundred Thousand Dollars ($23,600,000).

Initial Option Consideration means, in respect of any Vested Option, the amount in cash, without interest, determined by multiplying (i) the excess, if any, of the Initial Per Share Merger Consideration over the per-Share exercise price of such Vested Option, by (ii) the number of Option Shares relating to such Vested Option.

Initial Option Consideration means, with respect to each applicable vested Option outstanding immediately prior to the Effective Time, the Per Share Participating Initial Consideration minus the exercise price of such Option.

Initial Option Consideration is the amount set out in the Schedule labeled Initial Option Consideration which is payable within 5 working days of the execution by both parties of this Agreement.

Initial Option Consideration means $87,000,000 divided by the Fully-Diluted Shares.