Examples of Series B Options in a sentence
Series B Options will represent the remaining 5% of the Common Units comprising the Plan Limit.
The exercise price per Option (the “Exercise Price”) for grants made at or about the time of Closing shall be (i) in the case of Series A Options, the price determined by dividing the NPC Holdings Equity Investment by the number of outstanding common units (without regard to options) as of immediately following the Closing (as defined in the Stock Purchase Agreement), and (ii) in the case of Series B Options, two times the Exercise Price of the Series A Options.
The Option Agreement shall contain a statement of the number of Common Units to which the Option pertains, with a number of the Options designated as Non-Time Vesting Series A Options, Time Vesting Series A Options and Series B Options.
Series B Options represent 25,000,000 Options with an exercise price equal to the closing VWAP on the London Stock Exchange on the Actual Trading Day immediately prior to the date Shareholder Approval is obtained converted into AUD using the Exchange Rate on the same day and rounded down to the nearest ($0.001) and an expiry date of 3 years from the date of issue.
Following the date hereof and prior to the Closing, without the consent of ANPP, DHC will not issue any additional Series A Options or Series B Options to any Carryover Director.
All Series B Options shall be subject to Performance-Based Vesting, as set forth in Section 5.
Series B Options then outstanding shall vest ratably only up to the point that any further vesting (and assumed exercise) would cause the Wellspring IRR to fall below 25%.
Student interns will be given challenging work that extends our curriculum, provides relevant applications, and develops critical skills that will connect to and transfer into future career demands.
Series B Options shall vest only upon the occurrence of a Change in Control on or prior to the expiration of the Option.
Dilution effect of grant of Director Options on existing members’ interests • Proposed Resolution 2 would have the effect of giving power to the Directors to grant a total of 420,000 Options on the terms and conditions as set out in Annexure A (in respect of 140,000 Series A Options), Annexure B (in respect of 140,000 Series B Options) and Annexure C (in respect of 140,000 Series C Options) to this Explanatory Statement and as otherwise mentioned above.