Examples of Option Share Amount in a sentence
The payment of the Option Share Amount to the holder of a Company Stock Option shall be reduced by any income or employment Tax withholding required under (A) the Code, or (ii) any applicable state, local or foreign Tax Laws.
In order to prevent dilution of the rights granted under the Purchase Option, the Purchase Option Share Amount and the Purchase Option Exercise Price will be subject to adjustment from time to time as provided in this Section 2.6(b).
The payment of the Option Share Amount to the holder of a Company Stock Option shall be reduced by any income or employment Tax withholding required under (A) the Code, or (B) any applicable state, local or foreign Tax Laws.
In order to prevent dilution of the rights granted under this Purchase Option, the Purchase Option Share Amount and the Purchase Option Exercise Price will be subject to adjustment from time to time as provided in this Section 1.6(b).
On or prior to the fifth Business Day preceding the Closing Date, Seller shall deliver to Buyer statements setting forth in reasonable detail (i) the individual payments to be made under the Change in Control Bonus Plan together with wiring instructions for the accounts designated by or on behalf of each Change in Control Bonus Plan Participant and (ii) the Net Option Share Amount Payment together with wiring instructions for the accounts designated by each Optionholder.
For purposes of the foregoing, the Option Share Amount shall equal the excess of (x) the aggregate number of Shares issuable upon the exercise of such Options over (y) such number of Shares as is derived by dividing (i) the aggregate exercise price for all such Options by (ii) the Per Share Amount.
Notwithstanding anything herein to the contrary, as of the Closing, all Options, other than the Retained Options, will be deemed sold to the Buyer by the holders of such Options, whereupon the Buyer shall be deemed to contribute such Options to the Company in consideration for the Company's issuance to the Buyer of a number of Shares equal to the Option Share Amount, as defined below.
This Option shall be exercisable in whole or in part by Purchaser provided that in no event shall the Company be required to sell more than the Option Share Amount to Purchaser pursuant to this Section 2.2. At any time during the Option Period, Purchaser may exercise this Option, in whole or in part, by sending a written request to the Company in accordance with Section 11 setting forth the number of Shares to be purchased.
If the Company shall effect a stock split or reverse stock split, or a combination, consolidation, reclassification, exchange or substitution of the Shares during the Option Period, then in each such event the Option Share Amount and the Option Price shall be proportionately decreased or increased, as appropriate, to give effect to such event.
If a Demand Notice has been delivered by the Company to the Underwriter prior to the date that the Underwriter terminates this Agreement pursuant to clause (iii) above, regardless of the number of days that have elapsed from the date hereof, no reduction to the Purchase Option Share Amount shall take place and the Purchase Option shall remain in full force and effect.