Option Settlement Amount definition

Option Settlement Amount shall have the meaning provided for in Section 2.7(a).
Sample 1Sample 2Sample 3
Option Settlement Amount as of any exercise date shall be equal to the fair market value of the equity of the Issuer, assuming a willing buyer and a willing seller, and taking into account the estimated useful life of the Project and any Indebtedness of Issuer and each other Issuer Party, in each case, as of such exercise date (the “Company Value”) as determined in good faith by the members of Issuer, or, if the Option Holder does not accept such determination, by an independent appraiser (the “Joint Appraiser”) selected by mutual agreement of Issuer and Required Option Holders or, if they cannot agree, as provided in the next sentence. In the event that Issuer and Required Option Holders are unable to agree on an appraiser within thirty (30) days after the date of exercise, Issuer shall forthwith select one appraiser, Required Option Holders shall forthwith select a second appraiser, and the two appraisers so selected shall forthwith select a third appraiser with expertise in the appraisal of geothermal power generation and transmission facilities who shall be the Joint Appraiser. Such third appraiser shall be instructed to complete the determination of the Company Value as soon as practicable, and in any event within sixty (60) days after the date of exercise. Any determination of the Company Value reached by the Joint Appraiser shall be final. No discount for minority interest or lack of liquidity should be applied. The appraisal fees shall be paid by Issuer.
Sample 1
Option Settlement Amount. The aggregate amount of cash consideration to be paid to directors, officers and Employees of the Company holding Options in exchange for cancellation of such Options, as set forth in Section 5.1(b).
Sample 1

Examples of Option Settlement Amount in a sentence

  • The parties agree that, upon the occurrence of any event that would result in an adjustment of the Warrants Settlement Amount under the Warrants Unwind Agreement, the Calculation Agent may adjust the Call Option Settlement Amount to account for the economic effect of such adjustment event on the unwind contemplated by this Agreement, as determined in good faith and in a commercially reasonable manner by the Calculation Agent.

  • The Clean-Up Call Option Settlement Amount shall be due on the Payment Date following the Clean-Up Call Option Notice and, for the purposes of the definition of Collections shall be treated as a Settlement Amount.

  • The Option Settlement Amount as described in this paragraph shall be paid to Optionee as of the Effective Time by the Partnership as soon as reasonably practicable after the Effective Time.

  • The exercise price of this Option (the “Exercise Price”) as of any date of determination shall be equal to $1 for each 1% of the Option Settlement Amount for which this Option is exercised payable as provided in Section 5.4.

  • Upon the date hereof, Issuer shall cause to be placed on all copies of its Issuer Limited Liability Company Agreement a legend indicating that one or more Options have been granted providing the Option Holders a right to be paid in the aggregate the Applicable Percentages of the Option Settlement Amount represented by such Option or Options on the terms set forth in such Option or Options.

  • Each Stock Option that is subject to a Stock Option Cancellation Agreement shall be canceled upon payment of the Stock Option Settlement Amount for such Option.

  • Prior to the Closing, Company will provide Parent with a listing of Options held by each optionee (including the date of grant, the number of shares issuable upon exercise of the Option, and the Option Settlement Amount to which the Optionee is entitled) certified by an executive officer of Company.

  • Optionee acknowledges that withholding may be required with respect to federal and state income and payroll taxes arising from payment to Optionee of the Option Settlement Amount.

  • The Company Disclosure Schedule (as defined below) includes a complete listing of Options held by each optionee (including the date of grant, the number of shares issuable upon exercise of the Option, the exercise price per share, and the Option Settlement Amount to which the Optionee is entitled).

  • Immediately prior to the Effective Time, subject to obtaining any consent which may be necessary from the holder of the outstanding options, the Company shall cancel and settle, by cash payment to the holders thereof (the "Option Settlement Amount"), all the outstanding options to purchase shares of Common Stock (whether or not such options are currently exercisable or vested) which have heretofore been granted under the following stock plans and agreements of the Company: (i) Foodbrands America, Inc.


More Definitions of Option Settlement Amount

Option Settlement Amount has the meaning assigned in Section 3.
Sample 1
Option Settlement Amount means an amount equal to (a) the Per Share Cash Consideration multiplied by the number of shares of CU Stock that immediately prior to the Effective Time are subject to unexercised CU Options held by Optionee, less (b) the aggregate exercise price for such unexercised CU Options.
Sample 1

Related to Option Settlement Amount

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Subscription Settlement Date means the second Valuation Date after the Subscription Trade Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • Termination Settlement Date means, for any Terminated Obligation, the date customary for settlement, substantially in accordance with the then-current market practice in the principal market for such Terminated Obligation (as determined by the Calculation Agent), of the sale of such Terminated Obligation with the trade date for such sale occurring on the related Termination Trade Date.

  • Combination Settlement shall have the meaning specified in Section 14.02(a).

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Gross Settlement Amount means $240,000 which is the total amount Standard agrees to pay under the Settlement, except as provided in Paragraph 8 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Optional Redemption Settlement Date means the second Valuation Date after the Optional Redemption Pricing Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Final Redemption Settlement Date means the day that falls three Currency Business Days after the Final Redemption Date.

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Cash Settlement Averaging Period means (a) with respect to any Conversion Date occurring on or after the 24th Scheduled Trading Day immediately preceding the Maturity Date, the twenty (20) consecutive Trading Day period ending on, and including, the third Scheduled Trading Day immediately preceding the Maturity Date and (b) in all other cases, the twenty (20) consecutive Trading Day period beginning on, and including, the third Trading Day immediately following the relevant Conversion Date.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • Settlement Amount has the meaning specified in Section 14.02(a)(iv).

  • Share Settlement means a number of shares of Class A Common Stock equal to the number of Redeemed Units.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Share Termination Settled in relation to the Transaction means that the Share Termination Alternative is applicable to the Transaction.

  • Mandatory Redemption Settlement Date means, in respect of a Mandatory Redemption Event, the day that falls three Currency Business Days after the day on which the Issuer has received payment in full from the Margin Loan Provider of the amounts payable in respect of the termination of the LS Margin Account Agreement.

  • Net Share Settlement means the settlement method pursuant to which an exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, a number of shares of Common Stock equal to the Net Share Amount without any payment therefor.

  • Scheduled Settlement Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.