Option Shares definition

Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

Option Shares means the aggregate number of Shares which an Optionee may purchase under an Option.

Option Shares means Shares covered by an outstanding Option or purchased under an Option.

Examples of Option Shares in a sentence

• If such delivery and payment for the Option Shares does not occur on the Closing Date, the Option Closing Date will be as set forth in the notice.

• The Company shall not be obligated to sell or deliver the Option Shares except upon tender of payment by the Representative for applicable Option Shares.

• Upon exercise of the Over-allotment Option with respect to all or any portion of the Option Shares subject to the terms and conditions set forth herein, (i) the Company shall become obligated to sell to the Underwriters the number of the Option Shares specified in such notice and (ii) each of the Underwriters, acting severally and not jointly, shall purchase that portion of the total number of the Option Shares then being purchased as set forth in Schedule 1 opposite the name of such Underwriter.

• The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Closing Date an option (“Representative’s Warrant”) as applicable, five-year warrants for the purchase of a number of the Common Shares equal to 7% of the number of the Firm Shares and Option Shares, if any, issued in the Offering, pursuant to a warrant in the form attached hereto as Exhibit A, at an initial exercise price of $[*] (or [100]% of the public offering price per Share).

• The Over-allotment Option granted pursuant to Section 1.2.1 hereof may be exercised by the Representative as to all (at any time) or any part (from time to time) of the Option Shares within forty-five (45) days after the Effective Date.

More Definitions of Option Shares

Option Shares has the meaning specified in Section 2 of this Agreement.

Option Shares means Shares issuable by the Corporation upon the exercise of outstanding Options;

Option Shares means the shares of Common Stock covered by this Option.

Option Shares means the number of shares of Common Stock subject to the option as specified in the Grant Notice.

Option Shares has the meaning set forth in Section 2.2(a).

Option Shares or means the Shares subject to the Option.

Option Shares means the shares of Company Common Stock issuable pursuant to a Company Option in accordance with terms of such Company Option.