Total Option Profit definition
Total Option Profit means the aggregate amount (before taxes) of the following: (i) any amount received by Grantee pursuant to the Cash-Out Right, (ii)(x) the net consideration, if any, received by Grantee pursuant to the sale of Option Shares (or any other securities into which such Option Shares are converted or exchanged) to any unaffiliated party, valuing any non-cash consideration at its fair market value (as defined below), less (y) the Exercise Price and any cash paid by Grantee to Issuer pursuant to Section 7(a)(iii) or Section 7(b)(iii) and (iii) the net cash amounts received by Grantee on the transfer (in accordance with Section 12(g)) of the Option (or any portion thereof) to any unaffiliated party.
Total Option Profit means the aggregate amount (before taxes) of the following: (i) (x) the amount received by Grantee pursuant to Section 15, less (y) Grantee's purchase price for any Option Shares, (ii) (x) the amount received by Grantee pursuant to the sale of Option Shares to any unaffiliated party, valuing any non-cash consideration at its fair market value, less (y) Grantee's purchase price for such Option Shares, and (iii) any equivalent amount with respect to the Substitute Option.
Total Option Profit as of any Notice Date shall mean the aggregate amount (before taxes) of the following: (i) any amount previously received by Grantee pursuant to the Cash-Out Right and (ii) (x) the net consideration, if any, previously received by Grantee pursuant to the sale of Option Shares (or any other securities into which such Option Shares are converted or exchanged) to any unaffiliated party, valuing any non-cash consideration at its fair market value, less (y) the aggregate Purchase Price for such shares and any cash previously paid by Grantee to Issuer pursuant to Section 7(a)(iii).
Examples of Total Option Profit in a sentence
Option Profit, the Total Option Profit and Notional Total Option Profit related to such Option Shares shall be zero.
In addition, if in connection with an exercise, Grantee elects, at its sole discretion, to undertake to return to the Company any profit realized by Grantee with respect to any Option Shares covered by such exercise, if any, when realized (whether or not subject to Subchapter H at the time of realization), then in all calculations of Total Option Profit and Notional Total Option Profit the Total Option Profit and Notional Total Option Profit related to such Option Shares shall be zero.
More Definitions of Total Option Profit
Total Option Profit means the ------------------- aggregate amount (before taxes) of the following: (i) any Cash-Out Amount received or then entitled to be received by Grantee pursuant to Section 4, (ii) (x) the net consideration, if any, received by Grantee pursuant to the sale of Option Shares (or any other securities into which such Option Shares are converted or exchanged) purchased by Grantee pursuant to an exercise of this Option following a Purchase Event to any unaffiliated party, valuing any non-cash consideration at its fair market value (as defined below), less (y) the Purchase Price and any cash paid by Grantee to Issuer pursuant to ---- Section 5(a)(iii) or Section 5(b)(iii), as the case may be, and (iii) the net consideration, if any, received by Grantee from, the transfer of the Option (or any portion thereof) to any unaffiliated party, valuing any non-cash consideration at its fair market value (as defined below).
Total Option Profit means the aggregate amount (before taxes) of the following: (i) any amount received by Parent pursuant to the cash exercise right set forth in Section 2(c) and (ii)(x) the net consideration, if any, received by Parent pursuant to the sale of Option Shares (or any other securities into which such Option Shares are converted or exchanged) to any unaffiliated party, valuing any non-cash consideration at its fair market value (as defined below), less (y) the Purchase Price of such Option Shares and any cash paid by Parent to the Company pursuant to Section 7(a)(iii) or Section 7(b)(iii), as the case may be.