Out-of-the-Money Option definition

Out-of-the-Money Option means each Company Stock Option for which the per share exercise price as of immediately prior to the Effective Time is equal to, or exceeds, the Company Stock Price.

Out-of-the-Money Option means an Option having a per share Common Stock exercise price equal to or greater than the Gross Per Common Share Merger Consideration.

Out-of-the-Money Option. – means a call Option with an Exercise Price that exceeds the Market Price of the Underlying Interest or a put Option where the Exercise Price is less than the Market Price of the Underlying Interest.

Examples of Out-of-the-Money Option in a sentence

• Example: In-the-Money Option ExpiryASX SPI 200 Index Futures Dec 4500 Call Official Expiry settlement level of the ASX SPI 200 Index Futures is 4,585 Option price settled at 85 Example: Out-of-the-Money Option ExpiryASX SPI 200 Index Futures Dec 4500 Call Official Expiry settlement level of the ASX SPI 200 Index Futures 4,400 Option price settles at 0.

• Each Out-of-the-Money Option (as hereinafter defined) is hereby amended to provide that, at any time and from time to time prior to the termination of such option, the Executive may surrender all or a portion of such option to the Employer for no consideration by providing written notice to the Employer at its principal executive office addressed to the attention of the President or the Treasurer.

• Such notice shall specify the number of shares with respect to which the Out-of-the-Money Option is being surrendered and, if such option is being surrendered with respect to less than all of the shares then subject to such option, then such notice shall also specify the date upon which such option became (or would become) exercisable in accordance with the terms thereof with respect to the shares being surrendered.

• As soon as practicable following delivery of a Milestone Notice (as defined in the CVR Agreement), if any, but in no event later than concurrently with the payment in respect of the Covered Equity Awards (as defined in the CVR Agreement) in connection with such Milestone Notice, Parent shall pay, or shall cause to be paid, the Out-of-the-Money Option Consideration in respect of any Out-of-the-Money Company Stock Options.

• At the Effective Time, each Out-of-the-Money Option shall be cancelled for no consideration.

More Definitions of Out-of-the-Money Option

Out-of-the-Money Option means each Company Option which has a per share exercise price that is equal to or greater than the Cash Amount.

Out-of-the-Money Option is defined in Section 2.8(b) of the Agreement.

Out-of-the-Money Option means an Option that is not an In-The-Money Option;

Out-of-the-Money Option means a Company Option that is unexpired, unexercised and outstanding immediately prior to the Effective Time and which has a per share exercise price for the Company Common Stock subject to such Company Option that is equal to or greater than the Price Per Share.

Out-of-the-Money Option means an Option which has a Strike Price that is higher or the same as (in the case of a call option) or lower or the same as (in the case of a put option) the price of the underlying futures contract for such Option.

Out-of-the-Money Option means an Existing Option that is not an In-the-money Option;

Out-of-the-Money Option means an Option having a per share exercise price equal to or greater than the Closing Cash Per Fully-Diluted Common Share as of immediately prior to the Closing (as determined through an iterative mathematical process).