Out of the Money Options definition

Out of the Money Options means (x) in the case of Section 3.2(a), Subject Employee Options the exercise prices of which are greater than the Fair Market Value as of the date of exercise of the Purchase Right for such Common Shares, and (y) in the case of Section 3.2(c), Subject Employee Options the exercise prices of which are greater than the Fair Market Value as of the date of an acceleration pursuant to such Section 3.2(c).
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Out of the Money Options means those Options and Warrants which provide for an exercise price per share of Company Common Stock which is greater than or equal to the Merger Consideration.
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Out of the Money Options means any Options existing as of the Signing Date with an exercise in excess of $0.54, which have the right on such date to convert to 2,195,442 shares of Common Stock. For the avoidance of doubt, an Out of the Money Option shall continue to remain an Out of the Money Option after a repricing, exchange or similar action with respect to such Out of the Money Option.
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Examples of Out of the Money Options in a sentence

  • Also, in case of a fall, At the Money Call will become Out of the Money, and Out of the Money Options depreciate more than In the Money Calls since they have more Time value.

  • Number of shares to be equal to 44.21% of the fully diluted Common Stock immediately following the Closing and taking into account the issuance of the Warrant Shares, but excluding the outstanding Out of the Money Options (as defined below).

  • Notwithstanding anything herein to the contrary, (A) any Over $28.00 Out of the Money Options shall be cancelled at the Effective Time without any consideration payable therefor and (B) in the event no contingent payment shall become payable with respect to the CVRs under the CVR Agreement, then no payment shall be made hereunder in respect of any Out of the Money Options following the Effective Time.

  • Notwithstanding anything herein to the contrary, any Out of the Money Options with an exercise price payable per Share equal to or greater than $7.09 shall be cancelled at the Effective Time without any consideration payable therefor.

  • Each holder of Out of the Money Options with an exercise price below $20.00 will receive the right to a cash payment of $20.00 minus the exercise price.


More Definitions of Out of the Money Options

Out of the Money Options means all options issued under the Pac Rim Stock Option Plans that are not In The Money Options.
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Out of the Money Options means Company Stock Options that are not In-the-Money Options.
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Out of the Money Options means the Company Options existing as of the date hereof with an exercise price in excess of $0.54, which have the right on such date to convert to 2,195,442 shares of Common Stock.
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Out of the Money Options mean Options with an exercise price higher than the Common Stock Per Share Merger Consideration, determined immediately prior to the Effective Time.
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Out of the Money Options means Options that have an exercise price per Option which is greater than or equal to the Offer Price.
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Out of the Money Options has the meaning set forth in Section 3.3 below.
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Out of the Money Options means Company Stock Options that have an exercise price per share equal to or greater than the price per share as calculated using the Treasury Stock Method (as defined in accordance with GAAP) using as the inputs to the calculation the Total Merger Consideration immediately prior to the Effective Time as the equity value, the number of issued and outstanding Company Common Stock immediately prior to the Effective Time, and the expiration date, option price and shares outstanding for the Company Stock Options listed in Section 3.2(e) of the Company Disclosure Schedules and outstanding immediately prior to the Effective Time."
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