Option Unit definition

Option Unit has the meaning given to it in the Invitation to Bid;

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Option Unit means a Common Unit issued upon exercise of the Option.

Option Unit means the outcome of the following formula:

Examples of Option Unit in a sentence

• The purchase price to be paid for each Option Unit will be the same price per Firm Unit set forth in Section 1.1.1 hereof.

• The Option Units are to be offered initially to the public at the offering price of $10.00 per Option Unit.

• Payment for the Option Units shall be made on the Option Closing Date by wire transfer in Federal (same day) funds, payable as follows: $9.80 per Option Unit shall be deposited in the Trust Account pursuant to the Trust Agreement upon delivery to the Representative of certificates (in form and substance satisfactory to the Representative) representing the Option Units (or through the facilities of DTC) for the account of the Representative.

• Payment for the Option Units shall be made on the Option Closing Date by wire transfer in Federal (same day) funds, payable as follows: $10.00 per Option Unit shall be deposited in the Trust Account pursuant to the Trust Agreement upon delivery to the Representative of certificates (in form and substance satisfactory to the Representative) representing the Option Units (or through the facilities of DTC) for the account of the Representative.

• The purchase price to be paid for each Option Unit (net of discounts and commissions) will be $9.80 per Option Unit.

More Definitions of Option Unit

Option Unit means the number of Shares that a Participant is entitled to purchase from time to time upon exercise of an Option, as specified in such Option and as such number of Shares may be adjusted from time to time.

Option Unit means four separate Options, each of which is in respect of an equal number of Shares but with a different Exercise Price;

Option Unit means a Unit issued in connection with the exercise of the Over-Allotment Option.

Option Unit means the right to receive the difference between the Option Unit Value at the time of the grant and at the time of the exercise of the Option Unit in shares of Common Stock and/or cash as determined pursuant to subparagraph (3) of paragraph C of Section 10 hereof.

Option Unit means a Unit which is designated as an Option Unit and which has the rights, preferences and other privileges designated in Exhibit G hereof. The Option Units are intended to give the holders thereof the benefits of appreciation in the value of the Class A Common Units from the time of issuance of the Option Units. The allocation of Option Units among the Members shall be set forth in the Member Registry.

Option Unit means an Incentive Stock Option or a Non- Statutory Stock Option granted in respect of one-one hundredth (1/100) of a share of Non-Voting Common Stock.

Option Unit means the Units designated as such having the rights, preferences and other privileges set forth herein and in the Equity Incentive Plan or any Vesting Agreement relating thereto. Option Units can be issued in one or more classes, or one or more series of any class bearing such relationship to one another as to allocations, ​ distributions, and other rights as the General Partner shall determine in its sole and absolute discretion subject to Delaware law.