Examples of Net Option Shares in a sentence
To the extent that the Net Option Shares have not been sold at the time Company demand is made, the amount shall be the aggregate Fair Market Value of the Net Option Shares on the date the Forfeited Options were exercised.
To the extent that the Net Option Shares have not been sold at the time Company demand is made, the amount shall be the aggregate Fair Market Value of the Net Option Shares on the date the Covered Options were exercised.
To the extent that such Option Shares have been sold, the amount shall be the aggregate proceeds received from such sale of the Net Option Shares.
The transfer restrictions that apply to your Net Option Shares (other than restrictions that may arise under the securities laws or the Firm’s employee trading policy) and the cancellation provisions set forth in Section 13 that apply to your stock options and Net Option Shares will expire on the earlier of (i) the Transfer Restriction Date and (ii) the last trading day of the month in which occurs the first anniversary of the termination of your Employment.
With respect to the Net Option Shares, each such Option Holder shall be treated as a Company Stockholder as of immediately prior to the Effective Time for purposes of this Article III (including the entitlement to the Merger Consideration in connection therewith).