Examples of Series C Options in a sentence
From and after the Effective Date, all exercises of Series A Options and Series C Options that derive from the same LMC Award shall be deemed to be an exercise of the Pre-2005 Vested Options that derive from such LMC Award until such Pre-2005 Vested Options have been exercised in full and then shall be deemed to be an exercise of the Adjusted Options that derive from such LMC Award.
In consideration for Grantee’s agreement to the increase in the exercise prices of the Adjusted Options, LGI shall pay to the Grantee an amount in cash equal to the sum of (i) the number of shares of LGI Series A Stock to which the Adjusted Series A Options relate as of the Effective Date multiplied by $0.12 and (ii) the number of shares of LGI Series C Stock to which the Adjusted Series C Options relate as of the Effective Date multiplied by $0.11.
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.
Except as modified pursuant to this Amendment or by the adjustments referred to in the Preamble hereto, the terms of the Series A and Series C Options shall remain subject in all respects to the terms of the Plan.
The grant of 6,805.1 options pursuant to this Paragraph 4(c) shall be comprised of 1,701.3 Series A Options, 1,701.3 Series B Options, 1,701.3 Series C Options and 1,701.3 Series D Options.
The Option Payment shall be delivered to Xxxxxx Xxxxxx of Camhy Xxxxxxxxx & Xxxxx LLP and, upon receipt of such payment, the Series B and Series C Options shall terminate and Xxxxxxxx Xxxxx shall have no further rights in respect of such Series B and Series C Options.
The grant of 3,308 options pursuant to this Paragraph 4(c) shall be comprised of 827 Series A Options, 827 Series B Options, 827 Series C Options and 827 Series D Options.
Xxxxxxxx Xxxxx shall sell to the Company and the Company shall purchase the Series B and Series C Options from Xxxxxxxx Xxxxx for an aggregate purchase price of $85,000 payable on or before November 5, 1998 (the "OPTION PAYMENT").
At the Closing, immediately prior to the consummation of the transaction set forth in clause (a) above, the Old Series C Option Agreement and the Old Series C Options shall, without the necessity of further action by any party, be deemed terminated and cancelled and shall be of no further force and effect.
The Adjusted Parent Options, Adjusted Parent Series C Options and Parent Warrants shall be duly issued and authorized when issued in accordance with this Agreement and any share of Parent Common Stock or Parent Series C Preferred Stock issued upon the exercise thereof according to their respective terms, as applicable, will be duly and validly issued, fully paid and non-assessable, free and clear of all Liens and shall not be subject to preemptive or similar rights of stockholders.