Examples of Substituted Option in a sentence
The date of grant of the Substituted Option shall be the date on which the corresponding CBS Option was granted.
Except as otherwise provided in this Agreement, such Substituted Option shall otherwise be subject to the same terms and conditions as such CBS Option (except that all vesting periods with respect thereto shall, to the extent provided by the terms thereof, accelerate, and be subject to any other rights which arise under the CBS Stock Option Plans or the option agreements evidencing awards thereunder as a result of the transactions contemplated by this Agreement).
The amount of such consideration that a Substituted Option will entitle the Participant to acquire following the Substitution Event shall be that amount that a Participant would have obtained had such Participant exercised the Option immediately prior to the Substitution Event with the result common shares received on such exercise would have been subject to the Substitution Event.
Each Substituted Option covers a number of the number of Shares equal to 1.0296 times the number of ADS Shares covered by the canceled ADS Option, and has an exercise price equal to the exercise price of the ADS Option divided by 1.0296.
Management Stock Option Award Agreement Strategic Performance Award (Substituted Option) Advanced Disposal Waste Holdings Corp.