Examples of Xxxxx Option in a sentence
Xxxxx Option ------------ During the one-year period following the closing of the Recapitalization, Xxxxx will have the right to purchase additional shares of common stock of the Company for a per share price equal to the lesser of (i) the fair market value - thereof (as defined) and (ii) the deal price (i.e., $18.10).
In these strategic deliberations, the Trust agreed to allocate the net proceeds of sale of the properties to the acquisition of accretive properties.
From and after the Effective Time, each Xxxxx Option which is converted to an option to purchase Valley Common Stock under Section 2.1(b) shall be administered, operated and interpreted by a committee comprised of members of the Board of Directors of Valley appointed by the Board of Directors of Valley.
He acknowledged that he was friends with, and sold drugs for, Hollywood.
As of such Preliminary Exchange Closing, Xxxxx and the Compensation Committee of HC's Board of Directors shall agree upon the Ladia employees who shall be granted options (the "Xxxxx Options") under the XX Xxxxx Incentive Plan and the number of shares of HC Common Stock which such employees shall be entitled to purchase (the "Xxxxx Option Shares").
Other terms of the Stock Option shall be set forth in a stock option agreement to be entered into between you and the Company and shall also be subject to the terms of the Company’s 2002 Equity Incentive Plan, both of which you will be required to sign as a condition of receiving the Xxxxx Option.
Except as required by the terms of such Xxxx Xxxxx Option, (i) Xxxx Xxxxx shall take no action to cause any Xxxx Xxxxx Option which pursuant to its terms as in effect as of this date would not become vested or exercisable by reason of the transactions contemplated by this Agreement to become vested or exercisable in connection herewith, and (ii) nothing contained in this Agreement shall be interpreted as causing any such Xxxx Xxxxx Option to become vested or exercisable.
Xxxxx Option Information: Option: 32,608 Option Shares Exercise Price per Share: $130.00 Date of Grant: April 24, 2014 Term Expiration Date: April 24, 2024 Type of Option: Nonqualified Stock Options Option Vesting Provisions Except as otherwise provided in the Plan and this Agreement, the Option will vest as to one-fourth of the Option Shares on each of the first, second, third and fourth anniversaries of the Date of Grant.
As soon as practicable following the date hereof, Xxxxx shall deliver or cause to be delivered to each holder of a Xxxxx Option any certifications, notices or other communications required by the terms of such Xxxxx Option or any agreement entered into with respect thereto to be delivered to such holder prior to the Effective Time and the other transactions contemplated by this Agreement.
The duration and other terms of a Schlumberger Option shall be the same as the original Xxxxx Option from which it was converted except that all references to “Xxxxx” in such original Xxxxx Option shall be deemed to be references to Schlumberger; provided, however, that all such Schlumberger Options, other than those issued in respect of Xxxxx Post-Signing Options, will be fully vested and exercisable as of the Effective Time.