Examples of Vested Warrants in a sentence
The Manager may transfer any Manager’s Warrants that are not Vested Warrants to charitable and philanthropic institutions, as set forth in Section 6.1. of the Opportunities Assignment Agreement, up to a maximum amount equivalent to twenty-five percent (25%) of all the Warrants that are not Vested Warrants.
If an Acceleration Event shall occur at any time as from the Issue Date, even if it occurs after the respective Vesting Dates, each holder of Warrants shall be alternatively entitled to: (i) exercise the Warrants within 30 days following the occurrence of the Acceleration Event and receive the Underlying Shares acquired upon exercise of the Warrants; or (ii) maintain the Vested Warrants.
In order to exercise the Vested Warrants, its holder shall deliver to the Company, with copy to the Registrar, as applicable, a notice in the form of the notice contained in Exhibit 1 hereof (the “Exercise Notice”).
The failure to satisfy the conditions precedent set forth in Section 6.1. before the respective Vesting Dates, upon the occurrence of an Acceleration Event, shall not imply the expiration of the Manager’s Warrants that have not become Vested Warrants as of such date.
Any Warrants vested at a given time are designated "Vested Warrants"; whereas unvested Warrants are designated "Unvested Warrants".
Alene Vestede Optioner kan udnyttes af War- ranthaveren.Only Vested Warrants can be exercised by the Warrantholder.
The Manager’s Warrants that are not Vested Warrants may only be transferred to New Managers or between the Managers and New Managers and/or the Affiliates of any of them, the management personnel of the Company and its Affiliates and external advisers to the Company and its Controlled Companies (the “Assignees of Non-Vested Warrants”), provided that the Assignees of Non-Vested Warrants may only be beneficiaries of up to twenty percent (20%) of all the Manager’s Warrants that are not Vested Warrants.
The Manager’s Warrants that are not Vested Warrants as of the date of death, Absence or disability shall be automatically reallocated among the other Managers in proportion to their respective interests in the total number of Warrants, and shall be exercisable by them always provided that on the respective Vesting Date or before such date upon the occurrence of one or more Acceleration Events, subject to the provisions of Section 6.3. , the conditions precedent set forth in Section 6.1. have been met.
On the Closing Date, MW shall surrender to VVI all of the Vested Warrants for cancellation.
Letter, vesting and exercise of the Warrants may accelerate, provided that the Warran- tholder is a member of the Company’s board of directors at the time of an event, in than Vested Warrants always can be exercised in the event of liquidation of the Company or dissolution of the Company in accordance with s.