Tranche 2 Option definition

Tranche 2 Option means the portion of the Stock Option to purchase the number of shares of Stock set forth in Schedule A, that is subject to performance-based vesting in accordance with the terms of this Agreement, including Schedule A, and the Plan.
Sample 1Sample 2Sample 3
Tranche 2 Option means any Company Option with an exercise price per Share that is (a) equal to or greater than the amount of the Cash Consideration and (b) less than the sum of (i) the amount of the Cash Consideration and (ii) the amount of the DB-OTO Milestone Payment.
Sample 1
Tranche 2 Option. The option granted by the Vendor to the Placing Agent, exercisable from the date of the Placing Agreement up to 5:00 p.m. on 16 November 2001, pursuant to which the Placing Agent may require the Vendor to sell, at a maximum, an additional 97,000,000 existing Shares at the Placing Price in one or more transactions by way of placement with placees “Tranche 1 Placing” : The placing of the Tranche 1 Placing Shares, on a best endeavours basis, under the Placing Agreement “Tranche 1 Placing Shares” : A maximum of 223,000,000 Shares to be placed under the Placing Agreement “Tranche 2 Placing” : Upon exercise of the Tranche 2 Option, the placing of the Tranche 2 Placing Shares, on a best endeavours basis, under the Placing Agreement
Sample 1

Examples of Tranche 2 Option in a sentence

  • Notwithstanding anything in the Plan to the contrary, the Tranche 1 Option and the Tranche 2 Option will vest in accordance with the terms of Schedule A attached hereto.

  • The CVR Register shall set forth the name and address of each Holder, the number of CVRs held by such Holder and Tax Identification Number of each Holder and, with respect to each Holder of any CVR received in respect of any Tranche 2 Option or Tranche 3 Option, the exercise price of such Tranche 2 Option or Tranche 3 Option.

  • Tranche 2 Option are granted in recognition of services provided to Mayur by Landsdowne in relation to capital raising services.

  • The Tranche 2 Option Shares shall become Vested Option Shares, as and to the extent indicated below, only if and to the extent the Service Condition is satisfied.

  • For the avoidance of doubt, any portion of the Tranche 2 Option that does not vest based on the achievement of either the Annual EBITDA Target or the two-year Cumulative EBITDA Target set forth above shall no longer be eligible to vest based on any future achievement of any Annual EBITDA Target or Cumulative EBITDA Target, but shall remain eligible to vest upon the achievement of the MoM performance goals as provided in the following paragraphs.

  • The number of Tranche 1 Option Shares will be reduced to the extent of any such sale- 5,963,355 fully paid ordinary shares (the Tranche 2 Option Shares), which will comprise 10% of the issued capital of BurgerFuel as at the Completion Date, may be purchased if Franchise Brands issues an Exercise Notice during the period commencing 20 business days before the 4th anniversary of the Completion Date and ending on the Tranche 2 End Date (the Tranche 2 Period).

  • Assuming the Tranche 1 Placing is completed in full and the Tranche 2 Option is exercised in full, the additional net proceeds from the Subscription are estimated to be approximately HK$218 million.

  • The number of Tranche 2 Option Shares will be reduced to the extent of any such sale- 5,963,355 fully paid ordinary shares (the Tranche 3 Option Shares), which will comprise 10% of the issued capital of BurgerFuel as at the Completion Date, may be purchased if Franchise Brands issues an Exercise Notice during the period commencing 20 business days before the 6th anniversary of the Completion Date and ending on the Tranche 3 End Date (the Tranche 3 Period).

  • Sixteen and sixty-fifth one hundredths percent (16.65%) of the Option shall have an Option Price of $0.07704 per Share (the "Tranche 2 Option").

  • Such Tranche 2 Notice shall state that the Investor is exercising the Tranche 2 Option for all the Tranche 2 Shares for the aggregate Tranche 2 Exercise Price (as defined below).

Related to Tranche 2 Option

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Approved 102 Option means an Option granted pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of the Optionee.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Unapproved 102 Option means an Option granted pursuant to Section 102(c) of the Ordinance and not held in trust by a Trustee.

  • Director Option means an Option granted pursuant to Section 6.

  • 102 Option means any Option granted to Employees pursuant to Section 102 of the Ordinance.

  • Equity Award means all incentive stock options, non-statutory stock options, shares of restricted stock, restricted stock units or other incentive equity awards in respect of shares of the Company’s equity securities that have been or will be granted to you by the Company.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Performance Option means an Incentive Stock Option or Nonqualified Stock Option, the grant of which or the exercisability of all or a portion of which is contingent upon the attainment of specified Performance Measures within a specified Performance Period.

  • Non-Vested Shares means any portion of the Restricted Stock subject to this Agreement that has not become vested pursuant to this Section 2.

  • Call Option Date As defined in Section 10.01(a) hereof.

  • Promised Options means promised but ungranted Options that are the greater of those (i) promised pursuant to agreements or understandings made prior to the execution of, or in connection with, the term sheet or letter of intent for the Equity Financing or Liquidity Event, as applicable (or the initial closing of the Equity Financing or consummation of the Liquidity Event, if there is no term sheet or letter of intent), (ii) in the case of an Equity Financing, treated as outstanding Options in the calculation of the Standard Preferred Share’s price per share, or (iii) in the case of a Liquidity Event, treated as outstanding Options in the calculation of the distribution of the Proceeds.

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

  • Stock Index Option means an exchange traded option entitling the holder, upon timely exercise, to receive an amount of cash determined by reference to the difference between the exercise price and the value of the index on the date of exercise.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of immediately prior to the Effective Time or will vest solely as a result of the consummation of the Merger.

  • Accelerated Purchase Share Percentage means, with respect to an Accelerated Purchase made pursuant to Section 2(b) hereof, thirty percent (30%).

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.