Examples of Vested Company Stock Options in a sentence
In the event Parent elects to pay all or any portion of any amounts payable to the holders of Company Common Stock under Section 1.8(a) or the holders of Vested Company Stock Options under Section 1.9(b) in the form of shares of Parent Common Stock, then the number of shares of Parent Common Stock to be issued as consideration therefore shall be determined by dividing (A) the total amount Parent elects to pay in shares of Parent Common Stock, by (B) the Applicable Parent Share Price.
In the event Parent elects to pay all or any portion of any amounts payable to the holders of Company Common Stock under Section 1.8(a) or the holders of Vested Company Stock Options under Section 1.9(b) in cash, then such amount, when paid, shall be paid by wire transfer in immediately available funds.
As of the close of business on February 26, 2015, there were (i) 28,975,992 Shares outstanding; (ii) no shares of preferred stock of the Company outstanding, and (iii) 3,737,400 Company Stock Options outstanding, each of which is exercisable to purchase one share of Company Stock, 2,113,384 of which are Vested Company Stock Options and 1,624,016 of which are Unvested Company Stock Options.
Parent shall take such actions as are necessary for the conversion of the Unvested Company Stock Options and Vested Company Stock Options for which the Cash Consideration is less than or equal to the exercise price per share of Company Stock underlying such Vested Company Stock Options to Adjusted Options pursuant to Section 3.10(a) and (b), including the reservation, issuance and listing of Parent Common Shares as is necessary.
Notwithstanding anything to the contrary in this Section 1.10, neither the Payment Agent, the Surviving Corporation nor any Party hereto shall be liable to a holder of Merger Cash or shares of Company Capital Stock, Vested Company Stock Options or Company Warrants for any amount properly paid to a public official or Government Body pursuant to any applicable abandoned property, escheat or similar law.
Assuming completion of the Offer and the Merger prior to August 31, 2005, Company Stock Options to purchase not more than 556,600 shares of Company Common Stock will be exercisable, including any Company Stock Options exercisable as a result of the Offer and the Merger, at an exercise price equal to or less than $2.38 per share of Company Common Stock (the "Vested Company Stock Options").
The Company Disclosure Letter sets forth a true and complete list of the outstanding Company Stock Options, the Vested Company Stock Options and Company Warrants, together with the number of shares of Company Common Stock subject thereto and the exercise price thereof.
Assuming completion of the Offer and the Merger prior to April 30, 2003, Company Stock Options to purchase not more than 2,886,977 shares of Company Common Stock will be exercisable, at an exercise price less than $4.75 per share of Company Common Stock, in connection with the Offer and the Merger (the "Vested Company Stock Options").
No interest shall accrue on the Merger Cash payable with respect to any unsurrendered Certificates, unexercised Vested Company Stock Options or Company Warrants.
Parent shall cause the Surviving Corporation to pay no later than five (5) Business Days following the Closing Date the aggregate Vested Company Stock Option Consideration payable with respect to each of the Vested Company Stock Options through the Surviving Corporation’s payroll (subject to any required Tax withholdings) to the applicable holders of such Vested Company Stock Options.