Legacy Options definition
Examples of Legacy Options in a sentence
The Company shall adopt a Legacy Option Assumption Plan, which plan shall set forth the material terms and conditions applicable to the Company Legacy Options, provided that such terms and conditions shall, except as provided herein, be substantially identical to those presently applicable to the Bank Legacy Options, and the Company shall issue to each holder thereof a Legacy Option Agreement containing such terms and conditions as the Company deems necessary or advisable.
On the Effective Date, by reason of the Exchange, each Bank Legacy Option shall be converted to an option to acquire one (1) share of Company Common Stock (a “Company Legacy Option”), and all of the unexercised and outstanding Bank Legacy Options shall thereupon be cancelled.
The rate of exchange of Resulting Issuer Legacy Options for Braingrid Options shall be the equal to the Share Exchange Ratio.
Certain options have been issued outside the Option Plan (the "Legacy Options"), as set out in the Company’s Listing Statement dated September 28, 2020.
The term “Option” in this Plan shall be read to include all Legacy Options.
Notwithstanding any other provision hereof, all outstanding Options (including, for greater certainty, any outstanding Legacy Options) shall become immediately vested and exercisable upon: (i) the Company entering into a definitive agreement with respect to a Merger and Acquisition Transaction; or (ii) a Change in Control of the Company.
NG02 will be the responsibility of the originating hospital, as this information is available from the maternal record and admission documents for the infant.NG03E will not be included, as any infant born at an NRN center who dies within 12 hours of birth will not likely be a candidate for transfer.
The amount available under the 2021 Plan is limited to 10% of the issued and outstanding shares of the combined subordinate voting shares and multiple voting shares less any amount for outstanding Legacy Options or outstanding under the 2021 plan.
There were no Legacy Options that were exercised during the nine months ended September 30, 2020.
Vesting and repurchase rights relating to such Legacy Options shall be governed by the terms of the option plan and grants relating to them.