Substituted Parent Option definition

Substituted Parent Option. Is defined in Section 1.7.1(c)(3).
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Substituted Parent Option has the meaning assigned to such capitalized term in paragraph 3.4(a) of this Agreement.
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Substituted Parent Option has the meaning ascribed to it in Section 1.7(d).
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Examples of Substituted Parent Option in a sentence

  • Having said these, the property fund asset partly reflects the real estate attributes, e.g. property type, location, required good tenants and high skills and experience of the property manager as in [31] and as unpublished reference in [28].

  • The exercise price per share of Parent Common Stock under each Substituted Parent Option shall be determined by dividing (1) the exercise price per share of such Unvested In the Money Company Stock Option immediately prior to the Effective Time by (2) the Option Exchange Ratio, rounded up to the nearest whole cent.

  • Each Substituted Parent Option will vest on the same schedule (including any acceleration of vesting) applicable to the Unvested In the Money Company Stock Option, subject to continued status as a Continuing Employee.

  • Notwithstanding the foregoing, this Section 9.5 shall not be construed to prohibit an action (i) for payment of Merger consideration by a Company Stockholder or holder of a Company Option or Substituted Parent Option that is unpaid at a time when Parent is then obligated to pay such amounts or (ii) to enforce the vesting and exercisability rights of a Terminated Company Employee with respect to his or her Unvested Substituted Parent Options, in each case, pursuant to Article I.

  • An amendment to the Plan to increase the number of shares under the Plan by 500,000 was authorized by the Board of Directors on April 24, 2003 and was approved by shareholders on October 21, 2003.

  • For the avoidance of doubt, no holder of a Substituted Parent Option shall receive any such dividends or other distributions unless and until such option vests and the applicable shares of Parent Common Stock are payable to such holder pursuant to Section 1.7(d)(i)(B) or (C).

  • Each Substituted Parent Option shall be administered pursuant to the terms and conditions of the Microsoft 2001 Stock Plan.

  • The Substituted Parent Options shall have the same vesting schedule as the Company Options and continuous employment with the Company shall be credited to each optionee for purposes of determining the number of shares of Parent Common Stock subject to exercise under such optionee's Substituted Parent Option after the Effective Time.

  • Following the Effective Time, the Company Options shall no longer be exercisable and shall entitle the Company Option holder only to the Option Cash Payment or the Substituted Parent Option Award, as applicable, which, in the case of the Option Cash Payment, shall be paid as of, or promptly following, the Effective Time (but in no event later than the fifth (5th) Business Day following the Closing Date) or, in the case of the Substituted Parent Option Award, shall be issued as of the Effective Time.

  • If the foregoing calculation results in a Substituted Parent Option being exercisable for a fraction of a share of Parent Common Stock, then the number of shares of Parent Common Stock subject to such Substituted Parent Option shall be rounded down to the nearest whole number of shares.


More Definitions of Substituted Parent Option

Substituted Parent Option has the meaning set forth in Section 1.2(d)(i).
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Related to Substituted Parent Option

  • Parent Option means any option to purchase Parent Common Stock which was granted pursuant to a Parent Option Plan.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • Parent Options means options or other rights to purchase shares of Parent Common Stock issued by Parent.

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • Surviving General Partner has the meaning set forth in Section 7.01(d) hereof.

  • Rollover Option has the meaning set forth in Section 2.4(a).

  • Replacement Option has the meaning ascribed thereto in Section 2.2(c).

  • Parent Common Shares means the common shares of beneficial interest, $0.01 par value per share, of Parent.

  • Replacement Options has the meaning ascribed thereto in Section 1.1 of the Plan of Arrangement;

  • SpinCo Common Stock means the common stock, par value $0.01 per share, of SpinCo.

  • Merger price per share means, in the case of a merger, consolidation, sale, exchange or other disposition of assets that results in a Change of Control or going private transaction (a “Merger”), the greater of (i) the fixed or formula price for the acquisition of shares of common stock occurring pursuant to the Merger, and (ii) the highest fair market value per share of common stock during the ninety-day period ending on the date of such Change of Control or going private transaction. Any securities or property which are part or all of the consideration paid for shares of common stock pursuant to the Merger shall be valued in determining the merger price per share at the higher of (A) the valuation placed on such securities or property by the Company, person or other entity which is a party with the Company to the Merger, or (B) the valuation placed on such securities or property by the Committee.

  • Parent Equity Plan means the Energy Transfer Equity, L.P. Long-Term Incentive Plan.

  • Amalco Common Shares means the common shares in the capital of Amalco;

  • Surviving Corporation Common Stock has the meaning set forth in Section 1.7(a).

  • Substitute Limited Partner means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.3.

  • Parent Common Stock means the common stock, par value $0.01 per share, of Parent.

  • Initial Merger Consideration has the meaning set forth in Section 2.2(a).

  • Parent Equity Plans means all employee and director equity incentive plans of Parent and agreements for equity awards in respect of Parent Common Stock granted under the inducement grant exception.

  • Rollover Options has the meaning provided in Subsection 3.1(h).

  • Parent RSU means each restricted stock unit representing the right to vest in and be issued shares of Parent Common Stock by Parent, whether granted by Parent pursuant to a Parent Equity Plan, assumed by Parent in connection with any merger, acquisition or similar transaction or otherwise issued or granted and whether vested or unvested.

  • Replacement unit means a landfill, surface impoundment, or waste pile unit from which all or substantially all of the waste is removed, and which is subsequently reused to treat, store, or dispose of hazardous waste. Replacement unit does not include a unit from which waste is removed during closure, if the subsequent reuse solely involves the disposal of waste from that unit and other closing units or corrective action areas at the facility, in accordance with a closure or corrective action plan approved by USEPA or the Agency.

  • OP Unit means a Partnership Unit which is designated as an OP Unit of the Partnership.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Substituted Member means a Person that is admitted as a Member to the Company pursuant to Section 12.01.

  • Merger Sub Board means the board of directors of Merger Sub.

  • Merger Sub Common Stock means the common stock, par value $0.01 per share, of Merger Sub.