Examples of Option Exercise Shares in a sentence
The Company shall not close its books against the transfer of any Option or any Option Exercise Shares in any manner which interferes with the timely exercise of such Option.
The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of issuance upon the exercise of the Option, a number of shares of Common Stock equal to the aggregate Option Exercise Shares issuable upon the exercise of the Option.
The Entitlements accruing in respect of Option Exercise Shares are not underwritten.
Buyer, Seller, and the holders of Stock Options desire to effect a transaction, in accordance with the terms of this Agreement, as a result of which the holders of Stock Options will exercise their vested Stock Options, and the Seller Owned Shares and the Option Exercise Shares (collectively, the “JJMA Shares”) shall be sold by Seller and the holders of Stock Options to Buyer on the terms and conditions set forth in this Agreement (the “Transaction”).
ASEP covenants and agrees with each of the SafeCoat Shareholders that upon satisfaction of each of the Voluntary Escrow Release Milestones set forth above, as determined by ASEP acting in good faith, ASEP will provide written instructions to its transfer agent to revise the legends on the certificates or direct registration statements representing such ASEP Option Exercise Shares to reflect the release of the applicable number of ASEP Option Exercise Shares from the Voluntary Escrow.
Each of the SafeCoat Shareholders acknowledges and agrees to legends being placed on the certificates or direct registration statements representing the ASEP Option Exercise Shares to give effect to the Voluntary Escrow.
The Option Holders shall have exercised all of the Vested Options and acquired the Option Exercise Shares.
As of the Closing Date, the Option Holders will own, beneficially and of record, the Option Exercise Shares free and clear of all Encumbrances.
If all entitled existing Optionholders elect to exercise all their Options prior to the Record Date and participate in the Offer, a further 7,600,000 New Shares may be issued under this Prospectus (Option Exercise Shares).
Immediately prior to the Closing, the Option Holders shall exercise all their Vested Options and JJMA shall issue to them the Option Exercise Shares.