Pre-Closing Option definition

Pre-Closing Option means all warrants, options, conversion rights or agreements of any kind to which the Company or any Subsidiary is a party relating to the purchase or acquisition of any shares of Company capital stock and all other securities or obligations of any kind to which the Company or any Subsidiary is a party convertible into or exchangeable or exercisable for any shares of Company capital stock, provided that such instruments, agreements or obligations were issued and outstanding or otherwise binding upon the Company immediately prior to the Closing.1

Examples of Pre-Closing Option in a sentence

• If you elect to use the Pre-Closing Option, please submit your disbursement request to the OPWC at least 30 days prior to your scheduled closing date.

• If electing the Pre-Closing Option, you must select a Title Insurance Company to serve as an escrow agent.

• For those Recipients that elect to use the Pre-Closing Option, the grant recipient must select a Title Insurance Company to serve as an escrow agent.

• This must be submitted with the Request to Proceed if the recipient elects to use the Pre-Closing Option.

• A signed Appendix F must be submitted with the Request to Proceed if the recipient elects to use the Pre-Closing Option.

• Any such accelerated vesting that occurs in connection with the preceding sentence (the “Six-Month Acceleration”) will be applied pro-rata with respect to each Pre-Closing Option.

• For example, if the holder of a Pre-Closing Option to purchase 100 shares with an exercise price of $0.50 per share exercised such Pre-Closing Option (whether through the actual issuance of shares of Common Stock, cashless exercise or otherwise), then, with respect to such Pre-Closing Option, this Warrant would entitled the Registered Holder to purchase a total of 567 shares of Common Stock with an Exercise Price of $0.50 per share.

• Each Pre-Closing Option shall be granted pursuant to a form of award agreement and with a vesting schedule and terms that are, in each case, the same as those the Company has historically used in the ordinary course of business.

• The Company represents that Schedule A attached hereto accurately sets forth the number of Pre-Closing Options together with the corresponding exercise price and expiration date of each such Pre-Closing Option (subject in certain cases to earlier expiration upon the occurrence of events applicable to the given Pre-Closing Option).

• The exercise price with respect to such Pre-Closing Option shall be the same as the exercise price associated with such Pre-Closing Option (the "Exercise Price").