Examples of Revised Option in a sentence
Upon the Revised Option under this clause 3.1.4 becoming effective, the Initial Option shall forthwith lapses, have no further effect and cannot be further exercised.
If approved by the Compensation Committee, the Revised Option Agreement shall provide that such stock option shall vest as follows: (i) 50% of such stock option shall be fully vested on the date of grant, (ii) 25% of such stock option shall vest on May 15, 2019 and (iii) the remaining 25% of such stock option shall vest in 12 equal installments on the 15th day of each month, with the first tranche vesting on June 15, 2019 and the last tranche vesting on May 15, 2020.
With regard to agenda item 15 (Ashby Canal Restoration - Authorisation to Sign a Revised Option Agreement for the Proposed Measham Development) he declared a pecuniary interest as a local landowner, and undertook to leave the meeting whilst that item was considered.
Item Ashby Canal Restoration, Revised Option Agreement for Proposed Measham Development.
If at any time between the date of this Agreement and closing of the exercise of the Revised Option, Shares have been consolidated or sub-divided, the Option Share Price per Share shall be correspondingly increased or reduced (as the case may be) to the effect that the aggregate Option Share Price payable by the Investor and receivable by the Issuer and Powin Corp for the Revised Option Shares would remain the same as if the consolidation or sub-division did not take place.
The number of Restricted Shares granted in exchange for Options at the Revised Option Value will be based on the Share value equal to the closing price per American depositary share as reported on the NASDAQ Global Select Market on April 6, 2022, divided by three (being the American depositary share-to-ordinary share ratio).
Revised Option Agreement dated September 14, 1998 between Nessys Corporation as owner and Automata International, Inc., successor by merger to Automata, Inc.
If the aggregate Purchased Stock Amount and Revised Option Amount is less than $50,000,000 during the applicable calendar year, then the Company shall repurchase all Option Stock offered by the Option Stockholders during the applicable Election Period.
Such notice shall be irrevocable and shall set forth the number of Option Shares as to which the Initial Option or Revised Option is being exercised and the Option Closing Date; provided, however, that the Option Closing Date shall be no later than five Business Days after the date on which the option shall have been exercised.
Subject to the approval of the Company’s Compensation Committee, as soon as practicable following the Effective Date, as defined below, the Company and Consultant will cancel the Option Agreement and enter into a Revised Option Agreement granting Xx. Xxxxxxx a stock option to acquire up to 142,857 shares of common stock at an exercise price equal to the greater of (i) $3.55 per share and (ii) the fair market value of the Company’s common stock on the date of grant (the “Revised Option Agreement”).