Examples of Series A Exercise Price in a sentence
Each of the Series A Exercise Price and the Series B Exercise Price may be referred to herein generically as an “Exercise Price.” For the avoidance of doubt, Warrants may be exercised solely on a net basis in the manner set forth in the immediately preceding sentence, and no Investor shall be required, or permitted, to pay any cash in connection with the exercise of Warrants.
Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants to the Optionee an option (the "Series A Option") to purchase all or any portion of One Hundred Fifty Thousand (150,000) shares of the Company's Common Stock at an exercise price of Fifty Cents ($0.50) per Share (the "Series A Exercise Price").
The exercise price of any Series A Warrants, Series B Warrants or Series C Warrants issued in connection with any exercise of the Participation Right shall be the greater of (i) the issue price of the Common Shares in the Subsequent Offering, and (ii) the Initial Series A Exercise Price, Initial Series B Exercise Price or Initial Series C Exercise Price, as applicable.
Irrespective of any adjustments in the Series A Exercise Price, Series B Exercise Price or the number or kind of shares purchasable upon the exercise of the Warrants, Warrant Certificates theretofore or thereafter issued may continue to express the same price and number and kind of shares as are stated in the Warrant Certificates initially issuable pursuant to this Agreement.
All Series A and Series C Options that became exercisable prior to January 1, 2005 and remain unexercised at the Effective Date (“Pre-2005 Vested Options”) will continue to be exercisable, subject to the conditions and in the manner contemplated under the Plan, at the Current Series A Exercise Price and Current Series C Exercise Price per share, respectively, subject to future adjustments as provided in the Plan.