Seller Option definition

Seller Option means an option to purchase a share of Seller Common Stock granted under the Seller Stock Plans.
Seller Option shall have the meaning ascribed thereto in Section 2.7 hereof.
Seller Option means the option granted to the Buyer pursuant to the Seller Option Agreement.

Examples of Seller Option in a sentence

  • All demands, notices and communications hereunder shall be in writing and shall be deemed to have been duly given if personally delivered at or mailed by registered mail, postage prepaid, addressed as follows: if to the Seller: Option One Mortgage Corporation 3 Ada Xxxxxx, XX 00000 Attention: Xxxxxxx X.

  • Each outstanding option to purchase Common Shares issued to employees, non-employee directors and consultants of Seller pursuant to Seller's 1996 Stock Option/Stock Issuance Plan, as amended (the "Seller Option Plan"), except for options to purchase 44,800 Common Shares granted on October 10, 1996, as listed on Schedule 2.5 hereto which shall terminate on the Closing, whether vested or unvested (each a "Stock Option"), shall remain outstanding after the Effective Time and shall be assumed by Buyer.

  • Each Stock Option assumed by Buyer shall be exercisable upon the same terms and conditions as under the Seller Option Plan and applicable option agreement issued thereunder, except that (i) such option shall be exercisable for that number of shares of Buyer Common Stock equal to the number of Common Shares for which such option was exercisable times the Conversion Ratio, and (ii) the exercise price of such option shall be equal to the exercise price of such option divided by the Conversion Ratio.

  • Anything in this Agreement to the contrary notwithstanding, Seller shall have the option (the "Seller Option"), exercisable at any time prior to 11:00 p.m., Eastern Standard Time, on January 7, 1998, by notice to Buyer, to elect to reduce to 4,105,043 the number of shares of Common Stock to be sold to Buyer pursuant to the Agreement.

  • All demands, notices and communications hereunder shall be in writing and shall be deemed to have been duly given if personally delivered at or mailed by registered mail, postage prepaid, addressed as follows: if to the Seller: Option One Mortgage Corporation 3 Ada Ixxxxx, XX 00000 Attention: Wxxxxxx X.


More Definitions of Seller Option

Seller Option means each outstanding option award, whether vested or unvested, issued by the Seller pursuant to the Seller Share Plan that entitles the holder thereof to purchase Seller Shares upon the vesting of such award.
Seller Option has the meaning set forth in Section 1.9.
Seller Option shall have the meaning ascribed thereto in the recitals hereto.
Seller Option has the meaning set forth in Section 3.4.
Seller Option means a subscription, option, call, warrant or right of any kind to purchase any shares of capital stock of Seller, whether vested or unvested and whether or not granted under the Seller Equity Plan.
Seller Option means the option to purchase the Option Shares to be granted by Purchaser to Seller pursuant to the Option Agreement.
Seller Option means each option to purchase shares of Seller Common Stock granted under any Seller Equity Plan. “Seller Preferred Stock” means the Seller’s shares of Preferred Stock, par value $0.0001 per share.