Examples of Retained Options in a sentence
Beginning in 2004, Executive shall be permitted to "put" the shares of New Company Common Stock and Retained Options that comprise the Rollover Equity to the Company each year if (i) 100% of each Performance Objective for the immediately preceding fiscal year has been satisfied and (ii) the agreements governing the indebtedness of the Company permit the repurchase of such Rollover Equity.
In the case of Retained Options, the per-share put price shall be net of any applicable exercise price and withholding.
Stock Options held by any person permitted by Parent in writing on or after the date hereof to retain his or her Stock Options following the Award Cancellation Time (collectively, the "Retained Option Participants") are referred to as "Retained Options," to the extent such Person agrees to have such Stock Options treated as Retained Options.
Parent may require that a Retained Option Participant, as a condition of having the Stock Options held by such Retained Option Participant be treated as Retained Options, agree in writing to be subject to certain restrictions on the transferability of any shares of New Company Common Stock that are acquired after the Effective Time upon the exercise of such Retained Options.
The Company agrees to take any action necessary to make appropriate adjustments to the Retained Options as of or as soon as practicable after the Effective Time as provided in Section 12 of the 2001 Plan, and to reflect the changes in the terms of the Retained Options as described in the immediately preceding sentence.
Common Stock granted pursuant to this stock option (the "Retained Options").
The Retained Options will be issued to Xxxxxx pursuant to Section 4(a)(2) and/or Rule 506 of Regulation D under the Securities Act and pursuant to similar exemptions from any applicable state securities laws on the basis of Xxxxxx’x representation to MyGO Games Holding Co. that Xxxxxx is currently an “accredited investor” who satisfies one or more of the criteria set forth in Rule 501(a) of Regulation D under the Securities Act.
I hereby acknowledge and agree that, as of the date set forth below, the Retained Options shall no longer be exercisable, and shall expire and have no further force and effect.] [Documents as are required to effect a cashless exercise] [are enclosed] or [will be delivered within 10 days hereof]].
Within fifteen (15) days of the Effective Date, MyGO shall secure all necessary actions and resolutions of the Board as well as provide to Xxxxxx all the applicable documents and agreements necessary to consummating the granting and issuance of the Retained Options.
Except as set forth in this Section 4 or as provided under the applicable provision of the Business Combination Agreement, each of the Retained Options and Retained Restricted Shares shall otherwise remain subject in all respects to the restrictions of the applicable stock option grant or stock bonus award agreements between the Executive and the Company and the Amended and Restated 2002 Equity Incentive Plan.