Examples of Option Exercise Agreements in a sentence
Naggar, Franklin and Cicurel, will rollover an aggregate of approximately $88,000 of Specialty Catalog option value for stock value in the surviving corporation (see "SPECIAL FACTORS -- Related Agreements-Stock Option Exercise Agreements"), and (iii) the Continuing Stockholders will exchange approximately $7,510,000 of common stock value (2,002,778 shares of Specialty Catalog common stock at $3.75 a share) of Specialty Catalog into common stock of Acquisition Corp.
Grabowski, Cicurel, Franklin and Naggar) ($1,147,000), assuming (i) no stockholders of Specialty Catalog exercise and perfect their dissenters' rights in connection with the merger, and (ii) certain unvested stock options held by members of management are converted into restricted shares of Specialty Catalog after the merger (see "SPECIAL FACTORS -- Related Agreements -- Stock Option Exercise Agreements").
By executing the Option Exercise Agreements, each Option Holder has acknowledged the effects of and consented to the exercise and/or cancellation of the Holder Options, and upon exercise and/or cancellation of the Options waives all rights and benefits associated with the Holder Options.
The Borrower desires to borrow Two Hundred Thousand Dollars ($200,000.00) from Asthmatx in order to finance the purchase of One Million (1,000,000) shares (the “Shares”) of Asthmatx’s Common Stock, $0.001 par value per share, issued upon the exercise of certain stock options (the “Options”) granted by Asthmatx to the Borrower pursuant to certain Stock Option Exercise Agreements governing such exercises (the “Exercise Agreements”).
Xxxxxxx xxxuired 149,377 shares of the Company's Common Stock (computed on a post-split basis) on November 29, 1995 pursuant to two Stock Option Exercise Agreements.
A-61 4.19 Midland Option Exercise Agreements................................
Prior to the Closing, the Company and the Optionholders shall effect the exercise of the Outstanding Options in accordance with the Conditional Option Exercise Agreements and issue to each of the Optionholders the number of Shares to which they are entitled pursuant thereto; provided, however, that such Conditional Option Exercise Agreements shall be expressly conditioned on the occurrence of the Closing.
Pursuant to the Option Exercise Agreements and the Option Termination Agreements or otherwise, all of the options to purchase Target Common Stock issued pursuant to Target’s 1999 Management Stock Option Plan (the “Target Option Plan”) or otherwise (the “Target Options”) that were outstanding prior to the execution and delivery of this Agreement have been exercised or cancelled, with such cancellation effective immediately prior to the Effective Time.
To the extent that Seller is unable to obtain Option Exercise Agreements and amendments to the Employment 21 Agreement, currently with the execution of this Agreement, Seller shall continue to use all reasonable efforts to obtain such agreements as soon as practicable after the date of this Agreement.
Each Option Holder has also agreed not to transfer any of the Option Holder's securities, not to grant any proxies or enter into any voting agreements with respect to the Option Holder's securities, not to take any action inconsistent with the representations or warranties in the Option Exercise Agreements and not to acquire any of the Company's securities.