Parent Stock Option Agreement definition
Examples of Parent Stock Option Agreement in a sentence
The Parent Stock Option Agreement has been duly executed and delivered by the Parent and (assuming due authorization, execution and delivery thereof by the other party thereto) constitutes a legal, valid and binding obligation of the Parent enforceable against the Parent in accordance with its terms, except as the same may be limited by legal principles of general applicability governing the application and availability of equitable remedies.
Notwithstanding the foregoing, the Option may not be exercised if the Grantee is in material breach of its representation or warranties, or in material breach of any of its covenants or agreements, contained in this Agreement, the Parent Stock Option Agreement or the Merger Agreement.
Each of Parent and Merger Sub has full corporate power and authority to execute and deliver this Agreement and, in the case of Parent, the Parent Stock Option Agreements, to perform its obligations hereunder and thereunder and (in the case of this Agreement and the Parent Stock Option Agreement subject to obtaining the Parent Shareholder Approval) to consummate the transactions contemplated hereby and thereby.
Figure 7 shows the current prices of coal and WWP as received at the UK power plants; 53£.tonne-1 and 189.9 £.tonne-1 represented by black and green lines with stars on the x-axis.
In addition, a frequency-independent offset in gain with respect to the STS-2 of ∼10% appears to have been introduced in 2006.We also note that some of the times of sudden changes in the responses, seen in the coherence plots but not reflected in the metadata, are associated with station visits.
Subject to Executive’s remaining in the employ of the Company (except as set forth in Sections 5.2, 5.3 and 5.5 below), the Parent Stock Options shall, to the extent exercisable, remain exercisable in accordance to the terms of the applicable Parent Stock Option Agreement or become exercisable in accordance with the terms of the Parent Stock Option Agreement.
This Parent Stock Option Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same agreement and each of which shall only become effective when one or more counterparts have been signed by each party and delivered to the other party.
The Merger and the other transactions contemplated by the Transaction Agreements (including any exercise of the options granted pursuant to the Company Stock Option Agreement or the Parent Stock Option Agreement) are referred to in this Agreement collectively as the "Transactions".
The parties hereto agree that irreparable harm would occur in the event that any of the provisions of this Parent Stock Option Agreement were not performed in accordance with their specified terms or were otherwise breached.
As a condition and inducement to entering into the Merger Agreement, the Company and Parent are entering into certain stock option agreements dated as of the date hereof (of which this Parent Stock Option Agreement is one) pursuant to which the parties grant each other an option with respect to certain shares of each other's common stock on the terms and subject to the conditions set forth therein (referred to collectively as the "Cross Stock Option Agreements").