Net Option Payment definition

Net Option Payment means, as to each Optionholder, the portion of the Aggregate Closing Payment payable to each Optionholder pursuant to Section 2.2(d) plus his respective portion of the Escrow Amount set forth under Column C of Annex I.
Sample 1Sample 2
Net Option Payment means, with respect to an Option Holder’s Options, a cash amount equal to the excess, if any, of (i) the product of the Per Share Option Purchase Price times the number of shares of ATS common stock that may be purchased pursuant to such Options, over (ii) the aggregate exercise price of such Options.
Sample 1
Net Option Payment has the meaning set forth in Section 3.8(a).
Sample 1

Examples of Net Option Payment in a sentence

  • Each former holder of any canceled Catellus Option shall receive the Net Option Payment in the form of (i) a number of ProLogis Common Shares equal to 65% of the Net Option Payment (based on the closing price of a ProLogis Common Share on the last business day immediately prior to the Closing Date) and (ii) an amount of cash equal to 35% of the Net Option Payment.

  • Within three (3) Business Days after the Closing, Parent shall pay by wire transfer of immediately available funds to the Surviving Corporation and Parent shall cause the Surviving Corporation to pay to each of the holders of Company Options, the applicable Closing Net Option Payment, if any, for each share underlying such holder’s Company Options less any required withholding of Taxes under applicable Law.

  • Promptly (and, in any case, within two (2) Business Days after the Closing Date), each holder of Company Options as of immediately prior to the Effective Time shall be entitled to receive from the Surviving Entity the applicable Net Option Payment for each share of Company Stock underlying such In-the-Money Options less any required withholding of Taxes under applicable Legal Requirements.

  • In connection with such Net Option Payment, the Company, on behalf of each holder of Stock Options, shall withhold any applicable withholding Tax, which amounts are required to be deducted and withheld pursuant to applicable Tax Law.

  • Schedule 4.10(b) of the Disclosure Schedules accurately lists the names and principal addresses of each of the holders of all issued and outstanding options to purchase Capital Stock of NSS (the “Options”), the number of Options held by each, the exercise price of each Option, the exercise price per share of each Option, and the Net Option Payment (which when paid shall be net of applicable withholding, if any) due each Option Holder that does not exercise such Option prior to the Closing.

  • Within five (5) Business Days after the Closing, Parent shall, or shall cause the Surviving Corporation to, pay to each of the holders of Company Options, the applicable Closing Net Option Payment, if any, for each share underlying such holder’s Company Options, less any required withholding of Taxes under applicable Law.

Related to Net Option Payment

  • Option Payment shall have the meaning set forth in Section 3.4.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Closing Payment Amount has the meaning specified in Section 1.5.

  • Earn-Out Payment has the meaning set forth in Section 2.07(a)(i).

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).

  • CVR Payment Amount means with respect to each CVR Payment and each Holder, an amount equal to such CVR Payment divided by the total number of CVRs and then multiplied by the total number of CVRs held by such Holder as reflected on the CVR Register.

  • Cash Election Amount means the product of the number of Cash Election Shares multiplied by the Cash Election Consideration.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Delta Payment means as it is described in this Agreement.

  • Cash Payment has the meaning set forth in Section 2.02(a).

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Redemption Payment Date As defined in Section 13.1.

  • Termination Payments has the meaning specified in Section 10(a).

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Cash Exchange Payment means an amount in cash equal to the product of (i) the number of shares of Class A Common Stock into which the surrendered Paired Interests are exchangeable and (ii) the VWAP of the Class A Common Stock for the five consecutive full Trading Days immediately prior to the date of delivery of the relevant Notice of Exchange.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a