Option Payment Amount definition

Option Payment Amount equals the Average Closing Price multiplied by the Exchange Ratio.

Option Payment Amount has the meaning set forth in Section 3.2(a).

Option Payment Amount means, with respect to a particular Option that is subject to an Option Cancellation Agreement, the product of: (a) the amount, if any, by which (i) Per Unit Amount exceeds (ii) the per Unit exercise price of such Option, multiplied by (b) the number of Company Units subject to such Option as of immediately prior to the Effective Time and in accordance with the terms and conditions of the QuoteWizard.com, LLC 2016 Equity Incentive Plan. The Option Payment Amount shall be zero (0) with respect to such an Option that has a per Unit exercise price that is equal to or exceeds the Per Unit Amount for the Company’s Unit.

Examples of Option Payment Amount in a sentence

• The parties agree and acknowledge that Optionholder is responsible for payment of all Taxes imposed upon Optionholder in connection with the cancellation of the Options and the Option Payment Amount and neither the Company nor Buyer shall have any liability to Optionholder or any other party with respect to any such Taxes.

• Notwithstanding the generality of the foregoing, the parties agree and acknowledge that the Option Payment Amount will be paid by Company (less applicable withholding and any other Taxes required to be paid with respect thereto) through a special payroll on the Closing Date through the Company’s payroll.

• Optionholder may not sell, exchange, transfer or otherwise dispose of Optionholder’s right to receive the Option Payment Amount or any portion thereof.

• Optionholder hereby acknowledges and agrees that the Per Unit Amount and the Option Payment Amount may be subject to adjustment at Closing pursuant to Section 2.2 of the Purchase Agreement.

• Buyer shall contribute the Option Payment Amount to the Company, and the Company shall pay such amount (less applicable withholding and any Taxes required to be paid by the Company with respect thereto) to the Optionholder through special payroll on the Closing Date.

More Definitions of Option Payment Amount

Option Payment Amount has the meaning set forth in Section 5.14(a).

Option Payment Amount means, with respect to a particular Option that is subject to an Option Cancellation Agreement, the product of: (a) the amount, if any, by which (i) Per Unit Amount exceeds (ii) the per Unit exercise price of such Option, multiplied by (b) the number of Company Units subject to such Option as of immediately prior to the Effective Time and in accordance with the terms and conditions of the XxxxxXxxxxx.xxx, LLC 2016 Equity Incentive Plan. The Option Payment Amount shall be zero (0) with respect to such an Option that has a per Unit exercise price that is equal to or exceeds the Per Unit Amount for the Company’s Unit.

Option Payment Amount means the sum of: (1) $8.40 (equal to 40% of the cash consideration) plus (2) .5839 (equal to 60% of the per share Exchange Ratio of .9731) multiplied by the average of the daily closing prices of Univest Common Stock for the twenty consecutive trading days ending on the fifth trading day immediately preceding the Closing Date.

Option Payment Amount means an amount necessary to make payment of the aggregate amounts due to holders of outstanding In-the-Money Options pursuant to Section 2.9.

Option Payment Amount has the meaning given to it in Section 2.8(b).

Option Payment Amount. Section 2.02(a)

Option Payment Amount means, with respect to each holder of a Vested Company Option, the product obtained by multiplying (a) the amount (if any) by which (i) the Per Share Merger Consideration Amount plus the Per Share Estimated Adjustment Amount exceeds (ii) the per share exercise price of such Vested Company Option, by (b) the number of shares of Company Common Stock subject to such Vested Company Option as of immediately prior to the First Effective Time.