Examples of Vested Option Consideration in a sentence
For the avoidance of doubt, to the extent the applicable Vested Option Consideration is equal to or less than zero, such Vested Stock Options shall be canceled for no consideration.
The Surviving Corporation shall pay no later than five (5) Business Days following the Closing Date the aggregate Vested Option Consideration payable with respect to each of the Vested Stock Options through the Surviving Corporation’s payroll (subject to any required Tax withholdings) to the applicable holders of such Vested Stock Options.
As soon as practicable following the Closing, and in no event later than the second (2nd) regular payroll cycle following the Closing Date (subject to local requirements), Parent shall cause the Surviving Corporation or its designee (including the Paying Agent) to pay to each holder of a Vested Company Option the Vested Option Consideration (if any), less applicable Taxes, in accordance with Applicable Law.
Parent shall cause the Surviving Corporation to pay through the payroll system of the Surviving Corporation (to the extent applicable) the Vested Option Consideration, the Vested PSU Consideration, and the Vested RSU Consideration to each holder of a Vested Company Option, Vested Company PSU and Vested Company RSU, as applicable, less any required withholding Taxes and without interest, within five (5) Business Days following the Effective Time.
The Merger will constitute a “Change of Control” for the purposes of the Stock Plan and therefore immediately prior to the Effective Time, 100% of each of the following Directors’ and executive officers’ Unvested Stock Options will vest and become Vested Stock Options, which will be cancelled and converted into the right to receive the Vested Option Consideration upon the consummation of the Merger.
Trees shall be removed in accordance with accepted industry standards and procedures and in accordance with the following minimum requirements.
The table below sets forth, for each Director and executive officer of Credible, (i) the number of Vested Stock Options and (ii) the Vested Option Consideration to be received upon the consummation of the Merger.
The Vested Option Consideration received by the individuals identified will fluctuate with the A$:US$ exchange rate with the actual consideration received being determined based on the A$:US$ exchange rate at Closing.
The Merger will constitute a “Change of Control” for the purposes of the Stock Plan and therefore immediately prior to the Effective Time, 50% of Ms. Rossman’s then Unvested Stock Options will vest and become Vested Stock Options which will be cancelled and converted into the right to receive the Vested Option Consideration upon the consummation of the Merger.
Within three (3) Business Days after the Closing, Investor shall pay by wire transfer of immediately available funds to the Surviving Corporation, and Investor shall cause the Surviving Corporation to pay to each of the holders of vested Company Options, the applicable Vested Option Consideration (less any applicable withholding taxes payable in respect thereof) as promptly as practicable (and in no event later than the next regular payroll date) thereafter.