Option Excess Price definition

Option Excess Price means the aggregate amount paid or payable by the Company in respect of Exercisable Option Shares, as determined pursuant to Section 5 or 6 hereof, as applicable.

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Option Excess Price means the excess, if any, of the Section 7 Repurchase Price or the Section 8 Repurchase Price, depending on which Repurchase Price is (or would be) used to repurchase the Option Shares, over the exercise price applicable to such Options multiplied by the number of Exercisable Option Shares. For purposes hereof, "Exercisable Option Shares" shall mean the shares of Common Stock which, at the time of determination, could be purchased by the Optionholder upon exercise of his or her outstanding exercisable Options.

Option Excess Price is the (x) Applicable Percentage multiplied by (y) the excess, if any, of Book Value Per Share over the Option Exercise Price, multiplied by (z) the number of Exercisable Option Shares thereunder.

Examples of Option Excess Price in a sentence

In the event the foregoing Option Excess Price is zero or a negative number, all outstanding exercisable stock options granted to the Management Stockholder under the Option Plan shall be automatically terminated without any payment in respect thereof.
Except as otherwise provided herein, the closing of each purchase and sale of shares of Stock and the payment of the Option Excess Price, if any, pursuant to this Agreement shall take place at the principal office of the Company on the tenth business day following delivery of the notice by either Party to the other of its exercise of the right to purchase or sell such Stock hereunder or to cause the payment of the Option Excess Price, if any.
Upon payment of the foregoing Option Excess Price, such Options shall be terminated.
In the event the Management Stockholder Entity elects to sell under this Section 5(a)(ii) and the foregoing Option Excess Price is zero or a negative number, all outstanding exercisable Options granted to the Management Stockholder shall be automatically terminated without any payment in respect thereof.
In the event the foregoing Option Excess Price is zero or a negative number, all outstanding exercisable Options granted to the Management Stockholder under the Option Plan shall be automatically terminated without any payment in respect thereof.

More Definitions of Option Excess Price

Option Excess Price with respect to each share of Stock that may be acquired by exercise of an Option shall mean the excess, if any, of (i) the Section 5 Repurchase Price or the Section 6 Repurchase Price, depending on which Repurchase Price would be used to repurchase Stock pursuant to Section 5 or 6, as the case may be (regardless of whether or not any Stock is actually subject to repurchase pursuant to such Sections), over (ii) the exercise price applicable to such Option. For purposes hereof, "Exercisable Option Shares" as of any date of determination shall mean shares of Common Stock which, at such time, could be purchased upon exercise of all outstanding Options granted to the Purchaser.

Option Excess Price as set forth in Section 7 of the Stockholder’s Agreement is hereby deleted in its entirety and replaced it with the following:

Option Excess Price. The definition of “Option Excess Price” as set forth in Section 7 of the Stockholder’s Agreement is hereby deleted in its entirety and replaced it with the following:

Option Excess Price means the excess, if any, of the Special Treatment Repurchase Price or the Ordinary Repurchase Price, depending on which Repurchase Price is being used to repurchase the remainder of the Stock, over the Option Price (as defined in the Option Plan) multiplied by the number of Exercisable Option Shares.

Option Excess Price means the aggregate amount paid or payable by the Company in respect of Exercisable Option Shares, as determined pursuant to Section 6 or 7, as applicable. “Option Exercise Price” shall mean the then-current weighted average exercise price of the shares of Common Stock covered by the applicable Options. “Option Plan” shall have the meaning set forth in the fourth “whereas” paragraph. “Option Rollover Agreement” shall have the meaning set forth in the fourth “whereas” paragraph. “Option Stock” shall have the meaning set forth in Section 2(a) hereof. “Option Stock Call Price” shall have the meaning set forth in Section 7(a)(B) hereof. “Other Management Stockholders” shall have the meaning set forth in the fifth “whereas” paragraph. “Other Management Stockholders Agreements” shall have the meaning set forth in the fifth “whereas” paragraph. “Participating Buyer” shall have the meaning set forth in Section 5(b). “Parties” shall have the meaning set forth in the introductory paragraph. “Permanent Disability” shall mean “Disability” as such term is defined in any employment agreement between the Management Stockholder and the Company or any of its Subsidiaries, or, if there is no such employment agreement, shall mean “Disability” as defined in the long-term disability plan of the Company. “Permitted Transfer” shall have the meaning set forth in Section 3(a). “Person” shall mean “person,” as such term is used for purposes of Section 13(d) or 14(d) of the Exchange Act.

Option Excess Price shall have the meaning specified in Section 6(b)(B) hereof.

Option Excess Price means the excess, if any, of the ------------------- Special Treatment Termination Price or the Ordinary Termination Price, as the case may be, over the exercise price of the Option, multiplied by the number of Exercisable Option Shares.