Participating Option definition

Participating Option has the meaning set forth in Section 3.4.
Sample 1
Participating Option means an Option outstanding immediately prior to the Closing (i) held by a Selling Stockholder or (ii) with respect to which the holder thereof has executed a Joinder Agreement.
Sample 1
Participating Option means each Option with respect to which the Optionholder delivered to the Paying Agent an Option Cancellation Agreement on or before the Closing Date in accordance with Section 3.3.
Sample 1

Examples of Participating Option in a sentence

  • This Addendum applies to Options on Common Units which are shares, stock or units and forms part of the Participating Option Agreement.

  • The Exchange Agent shall mail to each holder of record of Participating Options, whose options were converted into the right to receive shares of Parent Common Stock, a statement indicating each Participating Option has been amended into the right to purchase the number of shares of Parent Common Stock as set forth in such amendment.

  • The amount to be paid in cash to each such holder for each share of Company Capital Stock purchasable pursuant to a Participating Option and Participating Warrant shall be rounded down to the nearest whole cent.

  • No interest shall be paid or accrue on any amounts payable with respect to any Participating Option.

  • At the Effective Time each outstanding Participating Option shall be terminated and cancelled and shall be converted into, and only be entitled to receive, that portion of the Merger Consideration set forth on the Distribution Waterfall, subject to compliance with the terms of this Agreement.

  • As promptly as practicable after the delivery to the Surviving Corporation of a duly executed Option Termination Agreement with respect to a Participating Option, Purchaser shall cause the Surviving Corporation (or the applicable Company Subsidiary) to pay to the holder of such Participating Option, subject to Section 3.8, the Initial Option Payment with respect to such Participating Option.

  • Each Option Holder and the Company hereby agree that all Participating Options are cancelled immediately prior to the Closing, and this Agreement is an agreement between each Option Holder and the Company to terminate each Participating Option immediately prior to Closing.

  • Not later than immediately before the Closing, the Board of Directors of the Company (or, if appropriate, any committee thereof), shall adopt such resolutions or take such other actions as may be required to procure that, effective as of the Closing, each Participating Option, whether or not then exercisable or vested, shall be cancelled in consideration of the right to payment from the Company of an amount as set forth in Section 2.2.

  • The portion of such payment to be paid to each Equityholder with respect to a Participating Option shall be paid by wire transfer of immediately available funds to the Surviving Corporation (or the applicable Company Subsidiary) and Purchaser shall cause the Surviving Corporation (or the applicable Company Subsidiary) to pay such amount to such Equityholder as promptly as practicable thereafter (subject to Section 3.8).


More Definitions of Participating Option

Participating Option has the meaning set forth in Section 8(e)(vii)(A).
Sample 1
Participating Option shall have the meaning assigned to it in Section 1.6(c)(i).
Sample 1
Participating Option means a Stock Option that is vested and exercisable as of immediately prior to the Effective Time and is entitled to receive Merger Consideration as set forth on the Distribution Waterfall which exceeds the exercise price of such Stock Option.
Sample 1
Participating Option means the portion of each Option equal to (i) the total number of Company Shares underlying such Option that are vested and exercisable as of immediately prior to the Effective time multiplied by (ii) the Option Participation Ratio, rounded up to the nearest whole share.
Sample 1

Related to Participating Option

  • Director Option means an Option granted pursuant to Section 6.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Company Stock Option means any option to purchase Company Common Stock granted under any Company Stock Plan.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Company Stock Option Plan means each stock option plan, stock award plan, stock appreciation right plan, phantom stock plan, stock option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any stock, option, warrant or other right to purchase or acquire capital stock of the Company or right to payment based on the value of Company capital stock has been granted or otherwise issued.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Employee Option means an Option granted pursuant to Section 5.

  • Company Stock Option Plans means the Company’s 2000 Employee Stock Option Plan, 1997 Employee Stock Option Plan and 1995 Stock Option Plan, in each case as amended.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Replacement Option means an Option that is granted when a Participant uses a Common Share held or to be acquired by the Participant to exercise an Option and/or to satisfy tax withholding requirements incident to the exercise of an Option.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Notice of Stock Option Grant means the document so entitled to which this Agreement is attached.

  • Covered Call Option means an exchange traded option entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities (excluding Futures Contracts) which are owned by the writer thereof and subject to appropriate restrictions.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Eligible Directors means, with respect to a Regulated Fund and a Potential Co-Investment Transaction, the members of the Regulated Fund’s Board eligible to vote on that Potential Co-Investment Transaction under Section 57(o) of the Act (treating any registered investment company or series thereof as a BDC for this purpose).

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of immediately prior to the Effective Time or will vest solely as a result of the consummation of the Merger.

  • Company Stock Options means any option to purchase Company Common Stock pursuant to any Company Stock Plans.

  • Date of Option Grant means the effective date of grant of the Option as set forth in the Notice.

  • Eligible Director means a person who is (i) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, and (ii) an “outside director” within the meaning of Section 162(m) of the Code.

  • Nonemployee Director Award means any Award granted to a Nonemployee Director.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.