Underwater Option definition

Underwater Option means, with respect to each Company Stock Option, each Company Stock Option with an exercise price equal to or greater than the Merger Consideration.

Underwater Option means Company Option (whether vested or unvested) with an exercise price equal to or greater than the Merger Consideration.

Underwater Option means, with respect to each Company Stock Option, each Company Stock Option (whether vested or unvested) with an exercise price equal to or greater than the sum of (a) the Cash Consideration and (b) the Share Consideration Value.

Examples of Underwater Option in a sentence

• If you were to exercise an Underwater Option you would need to pay more to exercise the Option then you will receive from the sale of the Shares you acquire from that Option.

• At the Effective Time, each Underwater Option shall, automatically and without any required action on the part of the holder thereof, be canceled for no consideration.

• If you hold any options that do not constitute an Underwater Option as of February 26, 2008, such options are not affected in any manner by the Repricing and will continue to be subject to the option documentation evidencing such options.

• Any Underwater Option shall be canceled and shall terminate at the Company Merger Effective Time with no consideration paid therefor.

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More Definitions of Underwater Option

Underwater Option means any Company Stock Option with an aggregate exercise price equal to or in excess of the Company Equity Award Aggregate Value of such Company Stock Option, it being understood that Underwater Options shall be determined on an iterative basis.

Underwater Option means any Option with an exercise price equal to or in excess of the Per Share Common Stock Merger Consideration.

Underwater Option means an Option for which the Fair Market Value of the underlying Common Stock is less than the exercise price of that Option.

Underwater Option means any Company Option that has an exercise price payable in respect of a share of Company Common Stock subject to such Company Option that equals or exceeds the Residual Per Share Amount, whether or not vested.

Underwater Option means each Broadcom Stock Option with an exercise price equal to or greater than the Equity Award Consideration as of immediately prior to the Closing.

Underwater Option means each Company Option with no positive amount of Option Consideration.

Underwater Option means each Company Stock Option which has a per share exercise price that is equal to or greater than $28.00.