Examples of United Stock Option in a sentence
As of August 31, 2001, United had reserved (i) 5,496,651 shares of United Class A Stock for issuance upon exercise of outstanding options issued pursuant to the United Stock Option Plans and (ii) 1,377,886 shares of United Class A Stock for issuance upon exercise of stock options that as of such date remained available for grant under the United Stock Option Plans.
As a condition precedent to entering into this Agreement, United has required that Raritan grant it an option to purchase authorized but unissued shares of Raritan common stock and, as a consequence, United and Raritan have entered into a Stock Option Agreement, dated the date hereof (the "United Stock Option").
Notwithstanding clauses (iii) and (iv) of the preceding sentence, each Hxxxxx United Stock Option which is an “incentive stock option” shall be adjusted as required by Section 424 of the Code, and the regulations promulgated thereunder, so as not to constitute a modification, extension or renewal of the option within the meaning of Section 424(h) of the Code.
As of the date hereof, except for 4,249,694 shares of 1st United Common Stock issuable upon exercise of outstanding stock options granted pursuant to the 1st United Stock Option Plans or pursuant to executive employment agreements as set forth on the 1st United Disclosure Schedule, there were no shares of 1st United Common Stock issuable upon the exercise of outstanding stock options or otherwise.
Each 1st United Stock Option intended to qualify as an “incentive stock option” under Section 422 of the Code so qualifies.
The exercise price of each 1st United Stock Option is not less than the fair market value of a share of 1st United Common Stock as determined on the date of grant of such 1st United Stock Option and within the meaning of Section 409A of the Code and associated guidance set forth by Treasury.
Since March 31, 1998, to and including the date of this Agreement, no additional shares of United Common Stock have been issued except in connection with the exercise of options granted under the United Stock Option Plan or grants of restricted stock under the United Option Plan.
Notwithstanding the foregoing, each 1st United Stock Option which is intended to be an "incentive stock option" (as defined in Section 422 of the Code) shall be adjusted in accordance with the requirements of Section 424 of the Code.
As a condition precedent to entering into this Agreement, United has required that Vista grant it an option to purchase authorized but unissued shares of Vista common stock and, as a consequence, United and Vista have entered into a Stock Option Agreement, dated the date hereof (the "United Stock Option").
Pursuant to the terms of the United Stock Option Plan, there are outstanding options with the right to purchase a total of 1,775,000 shares of United Common Stock, as more fully set forth in Schedule 5.3 attached hereto.