Initial Option Price definition

Initial Option Price means $13.80, being the closing price of a share of the Stock on the Initial Grant Date, subject to the same adjustment(s) as provided generally under Section 11.2 of the Plan with respect to the exercise price of outstanding Options for any stock split, reverse stock split, combination of shares, stock dividend or similar transaction occurring after the Initial Grant Date.
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Initial Option Price means the option price of $1.04 per share of Common Stock. Notwithstanding the foregoing, the option price per share of common stock shall never be less than the Fair Market Value on the date of the Option Grant.
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Initial Option Price means the option price per share of Common Stock to be determined by the Board or the Committee at the time when the Options are first granted under the Plan, which shall be the "Warrant Exercise Price," as that term is defined in the Share Exchange and Additional Note Purchase Agreement dated as of August 3, 2007 between the Company and The Longview Fund, L.P., a California limited partnership.
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Examples of Initial Option Price in a sentence

  • Within 30 days of the Commencement Date, the Compensation Committee of the Board of Directors shall grant you incentive stock options (to the maximum allowed under the IRS regulations) and nonqualified stock options (for the balance) to purchase a total of 2,500,000 shares of Veritas common stock at an exercise price equal to the fair market value of Veritas common stock on the date of grant ("Initial Option Price").

  • Client shall be entitled to all remedies provided by law, including, without limitation, specific performance of this Agreement, recovery of damages, and refund of the Initial Option Price and Extension Option Price if any, if Owner defaults under this Agreement.

  • If the Non-Preparing Party timely objects to the Initial Option Price Determination, then the Parties shall attempt in good faith to resolve their differences; provided that if the Parties are unable to resolve any such dispute prior to the Closing Date, then the Initial Option Price Determination shall control for purposes of all payments to be made at Closing.

  • In such case, Owner and or Title Company, as the case may be, will refund to Client the Initial Option Price and Extension Option Price if any, prorated on the basis of the number of days before termination compared with the number of days after termination to the end of the option period.

  • Real Return ObjectiveThe most important investment return objective to be considered when evaluating the System’s performance is measured by a comparison of the fund’s return to the real rate of return that must be achieved in order for TRS to meet its benefit obligations.

  • If Client exercises the Option during the Initial Option Period, then Client shall pay Owner an amount equal to the Purchase Price less the sum of the Initial Option Price and Paid Consulting Fees, if any.

  • Any Underlying Shares subject to the Option which have not vested on July 1, 2008, shall thereafter vest immediately and the Option for such Underlying Shares shall be exercisable at the Initial Option Price without any reduction thereof under Section 3(a).

  • The purchase price for each share purchased under an Option (the "Option Price") will be the lesser of (a) 85% of the fair market value of the Common Stock (as defined in Section 10) on the Offering Date (the "Initial Option Price"), and (b) 85% of the fair market value of the Common Stock on the Exercise Date.

  • In addition, upon exercise of the Option, the Investor shall pay the Initial Option Price.

  • To exercise either option, JP will provide the Company with written notice of such option exercise within the applicable time period, together with the aggregate option exercise price equal to the number of shares then being acquired multiplied by the Initial Option Price or the Second Option Price, as the case may be.

Related to Initial Option Price

  • Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related 2018-1 Vehicle which amount equals (a) with respect to a Matured Vehicle, the Contract Residual Value plus any fees, taxes and other charges imposed in connection with such purchase and (b) with respect to a related 2018-1 Vehicle for which the related 2018-1 Lease has been terminated early by the Lessee, the sum of (i) any unpaid Monthly Payments due, (ii) any fees, taxes and other charges imposed in connection with the related 2018-1 Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • Initial Optional Purchase Date The first Distribution Date following the date on which the Aggregate Loan Balance is less than 10.00% of the Cut-off Date Balance.

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

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

  • Purchase Price Per Share means $0.01 per share, as may be adjusted from time to time in accordance with Section 5 or 6.

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

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

  • Option Price means the price at which a Share may be purchased by a Participant pursuant to an Option.

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Exercise Price Per Share hereinafter “Exercise Price” means the exercise price with respect to all Shares acquired pursuant to each exercise of the Option).

  • Aggregate Option Exercise Price means, as of any date of determination, the sum of the exercise prices payable upon exercise in full of all Vested Options held by all Optionholders immediately prior to the Effective Time, based on the Estimated Merger Consideration or the Final Adjusted Merger Consideration, as applicable.

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Grant Price means the price established at the time of grant of a SAR pursuant to Article 7, used to determine whether there is any payment due upon exercise of the SAR.

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • Price Per Share shall have the meaning ascribed to such term in Section 2.1.

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Stock Purchase Price has the meaning set forth in Section 2 of the Subscription Agreement.

  • Incentive Shares means Shares awarded pursuant to the provisions of Article 12.

  • 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.

  • Grant Amount or “Grant” means the total amount of financial assistance disbursed under this Agreement, which consists of the City's Amount and the Consultant’s Amount.

  • Warrant Exercise Price means $0.05 per share.

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

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

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