Examples of New Company Options in a sentence
There are no other issued and outstanding shares or other securities in the capital of the Company and no outstanding commitments or Contracts to issue any shares or other securities in the capital of the Company other than (1) the New Company Options and New Company RSUs issuable or issued after the date hereof, (2) pursuant to the exercise of outstanding Company Options under the 2002 Option Plan and (3) pursuant to the exercise of outstanding Company Warrants.
Prior to the Closing, at the written request of the Acquiror, the Company will adopt the 2010 Equity Incentive Plan to, among other things, permit the issuance of New Company Options and New Company RSUs on terms and conditions acceptable to the Acquiror and in accordance with Section 6.11 and provide for the issuance of Acquiror Common Stock upon the exercise or settlement of Assumed Awards following the Closing.
In lieu of those options, you will receive a new grant of ten-year options to purchase Company equity (the "New Company Options").
The New Company Options shall be subject to, and effective immediately prior to, the Effective Time.
Effective immediately prior to the Effective Time, Executive shall be granted an option (the "Special Stock Option" and together with the New Company Stock Option, the "New Company Options", and together with the New Stock Options, the "New Options") to purchase 300,000 shares of the Company's common stock at an exercise price of $15 per share.
In the event that Section 2.7(b) of this Agreement has terminated by its terms, the Parties agree that (i) the New Company Options shall terminate and be of no further force and effect, and (ii) the resulting reverse dilution shall be spread pro rata among the Selling Shareholders (including Trinityville Profit Limited) only.
The New Company Options will contain provisions accelerating vesting of all the unvested options upon a "Change in Control" of the Company.
At the Effective Time, each Company Unvested Option held by a Continuing Employee that is unexpired, unexercised and outstanding immediately prior to the Effective Time (including the New Company Options), shall, on the terms and subject to the conditions set forth in this Agreement, be assumed by Acquirer.
The per-share exercise price of the New Company Options will be the fair market value of one share of Company equity immediately following the Closing, based on the per-share price paid for the Company equity by TNFA and you in connection with the Transaction.
Layoff notice under Article may be served at any time, such as when an employee is on vacation, on leave of absence, absent account illness, etc.