Per Option Closing Consideration means, with respect to each Share issuable upon the exercise of a Vested Option outstanding immediately prior to the Effective Time, an amount in cash equal to: (a) the Per Share Closing Consideration; minus (b) the per share exercise price of such Vested Option.
Per Option Closing Consideration means, with respect to any In the Money Option, the amount, if any, calculated as follows: (a) the Per Share Closing Consideration minus the per share exercise price payable upon exercise of such Option, multiplied by (b) the number of shares of Non-Voting Common Stock issuable as of the Effective Time upon exercise of such Option.
Per Option Closing Consideration means, in respect of each share of Company Common Stock issuable upon exercise of a Vested Stock Option immediately prior to the Effective Time, (i) the Per Share Closing Equity Consideration minus (ii) a number of shares of Parent Preferred Stock equal to the quotient of (A) the exercise price per share of such Vested Stock Option divided by (B) the Conversion Price; provided, that, if the exercise price per share of such Vested Stock Option equals or exceeds the Per Share Closing Consideration Amount, the Per Option Closing Consideration shall be zero.
Examples of Per Option Closing Consideration in a sentence
Each Vested Option outstanding immediately prior to the Effective Time will be canceled at, and by virtue of, the Closing, and each Optionholder thereof will be entitled to receive an amount equal to the Per Option Closing Consideration plus any Per Share/Option Additional Consideration for each Vested Option held by such Optionholder.
Each Optionholder shall be entitled to receive from the Paying Agent (i) the Per Option Closing Consideration upon the Closing and (ii) any Per Share/Option Additional Consideration payable in the manner and at the times set forth in this Agreement.
Payable upon the Closing, an amount of cash (without interest) equal to the Per Option Closing Consideration.
More Definitions of Per Option Closing Consideration
Per Option Closing Consideration means, with respect to any In the Money Option, the amount, if any, calculated as follows:
Per Option Closing Consideration means, with respect to each Share issuable upon the exercise of a Vested Option outstanding immediately prior to the Effective Time, an amount in cash equal to: (a) the Per Share Closing Consideration; minus
Per Option Closing Consideration has the meaning specified in Section 3.2(b).
Per Option Closing Consideration means, with respect to each share of Company Common Stock subject to a Vested Company Option outstanding as of immediately prior to the Effective Time (after giving effect to any acceleration resulting from or in connection with the Mergers), the number of shares of Parent Common Stock equal to the quotient obtained by dividing the Per Option Closing Value by the Ten-Day Average.
Per Option Closing Consideration means, with respect to each Vested In-the-Money Option, the portion of the Closing Cash Payment which the holder of such Vested In-the-Money Option is entitled to receive in respect of such Vested In-the-Money Option, as determined in accordance with the Merger Consideration Schedule (for the avoidance of doubt, disregarding any applicable withholdings). Further, the Per-Option Closing Consideration with respect to any Vested In-the-Money Option shall take into account, among other things, the exercise price of such Vested In-the-Money Option.
Per Option Closing Consideration means with respect to any Company Option, an amount equal to (a) the Per Share Closing Cash Amount minus the exercise price per share of the applicable Company Option, plus (b) the Per Share Closing Stock Amount.
Per Option Closing Consideration means, in respect of each Company Common Unit subject to a Company Option immediately prior to the Effective Time, an amount equal to the excess of the Per Unit Closing Consideration over the applicable per unit exercise price.