Total Option Value definition
Total Option Value means, with respect to any Dual Currency Note on any date, an amount (calculated as of such date by the Option Value Calculation Agent) equal to the sum of the Option Values (calculated as of such date by the Option Value Calculation Agent) for all Coupon Payment Dates occurring after the date of calculation up to and including the Stated Maturity Date.
Total Option Value shall be the sum of (i) the Cash Component, plus (ii) the product of the Applicable Fraction times the Parent Average Stock Price; and (2) the “In-the-Money Option Percentage” shall be the percentage corresponding to a fraction (i) whose numerator is the sum of (A) an amount equal to the product of the Applicable Fraction times the Parent Average Stock Price, minus (B) the amount by which the exercise price per share of such Company Option exceeds the Cash Component, and (ii) whose denominator is an amount equal to the product of the Applicable Fraction times the Parent Average Stock Price. The vesting terms previously applicable to any Company Option that is so cancelled and converted into a Right shall continue in full force and effect and in all respects apply to such Right, and the cash and shares of Parent Common Stock payable or issuable in respect of such Right, as set forth in clauses “(i)” through “(iv)” above, shall be delivered to the holder of such Right at such times and in the same percentages as the cancelled Company Option would have become vested in connection with or following the acquisition of shares by Acquisition Sub pursuant to the Offer and/or consummation of the Merger. For the avoidance of doubt, any vesting of a Company Option that occurs by reason of the acquisition of shares by Acquisition Sub pursuant to the Offer and/or consummation of the Merger (whether alone or in combination with any other event) shall be given effect by its application to the Right into which such Company Option shall be converted upon its cancellation. At the Acceptance Time, Parent’s board of directors or a committee thereof shall succeed to the authority and responsibility of the Company’s board of directors or any committee thereof with respect to each such Company Option and corresponding Right.
Total Option Value means, with respect to any Dual Currency Note on any date, an amount (calculated as of such date by the Option
Examples of Total Option Value in a sentence
The sum of all such Option values shall be the Total Option Value.
If the Employee's employment is terminated prior to September 30, 2001, for any reason, the Company shall have the absolute right to purchase the Employee's stock options at the Total Option Value described above, at any time after October 2, 2003.
For example, if a ▇▇▇▇▇▇ Feb 260 Call is quoting for Rs 25 while the Market Price of ▇▇▇▇▇▇ is Rs 262, the values are as under: Total Option Value (i.e. Option Price) : Rs 25 Intrinsic Value (262 .
The sum of all such option values shall be the Total Option Value.
No holder of a Company Stock Option that has an exercise price per Share that is equal to or greater than the Total Option Value shall be entitled to any payment with respect to such cancelled Company Stock Option before or after the Effective Time.
More Definitions of Total Option Value
Total Option Value means, with respect to any Dual Currency Note on any date, an amount (calculated as of such date by the Option Value Calculation Agent) equal to the sum of the Option Values (calculated as of such date by the Option Value Calculation Agent) for all Interest Payment Dates occurring after the date of calculation up to and including the Maturity Date. The term "Option Value" means, with respect to an Interest Payment Date or the Maturity Date, the amount calculated by the Option Value Calculation Agent to be the arithmetic average of the prices quoted on the date of calculation by three reference banks (which banks shall be selected by the Option Value Calculation Agent and shall be reasonably acceptable to the Company) for the right on the Option Election Date immediately preceding such Interest Payment Date or Maturity Date to purchase for value on such Interest Payment Date or Maturity Date from such reference banks (A) the aggregate amount of the Specified Currency due on such Interest Payment Date or Maturity Date with respect to all of the Dual Currency Notes of this Tranche in exchange for (B) the amount of the Optional Payment Currency that would be received if the amount in clause (A) were converted into the Optional Payment Currency at the Designated Exchange Rate. 27 All determinations referred to above made by the Exchange Rate Agent or the Option Value Calculation Agent shall be at their sole discretion (except to the extent expressly provided herein that any determination is subject to approval by the Company) and, in the absence of manifest error, shall be conclusive for all purposes and binding on the Holder hereof, and neither the Exchange Rate Agent nor the Option Value Calculation Agent shall have any liability therefor.