Examples of Xxxxxxx Options in a sentence
After the Distribution Date, Xxxxx Xxxxxxx and the Xxxxx Xxxxxxx Entities shall be responsible for the proper payroll tax treatment and the proper reporting to the appropriate governmental authorities of compensation relating to all option exercises of Xxxxx Xxxxxxx Options and vesting or settlement, as applicable, of Xxxxx Xxxxxxx Awards.
The Parent Options and Xxxxx Xxxxxxx Options shall not be exercisable during a period beginning on a date prior to the Distribution Date determined by Parent in its sole discretion, and continuing until the Parent Opening Stock Value and the Xxxxx Xxxxxxx Common Stock Value are determined immediately after the Distribution, or such longer period as Parent determines necessary to implement the provisions of this Section 5.3.
Accordingly, it is intended that, to the extent of the issuance of such Xxxxx Xxxxxxx Options and Xxxxx Xxxxxxx Awards in connection with the adjustments set forth in this Section 5.3, the Xxxxx Xxxxxxx Long-Term Incentive Plan shall be considered a successor to the Parent Long-Term Incentive Plan and to have assumed the obligation of the Parent Long-Term Incentive Plan to make the adjustment of Parent Options and Parent Awards as set forth in this Section 5.3.
As of the date of this Agreement, no more than 800,000 shares of Xxxxxxx Common Stock are subject to Xxxxxxx Options or other Equity Rights in respect of Xxxxxxx Common Stock, and no more than 225,000 shares of Xxxxxxx Common Stock were reserved for future grants under the Xxxxxxx Stock Plans.
In the event of disposition or other transfer by Mr. Turner of common stock issxxx xx Xx. Turner upon exercise of Mr. Xxxxxx'x Options, Mr. Turnxx xxxxx xx provide to xxx Xxxxxration promptly written notice describing in reasonable detail the disposition or transfer, including without limitation the sale price, if any, and date of transfer or disposition.
As of the date of this Agreement, no more than 475,380 shares of Xxxxxxx Common Stock are subject to Xxxxxxx Options or other Equity Rights in respect of Xxxxxxx Common Stock, and no more than 510,524 shares of Xxxxxxx Common Stock were reserved for future grants under the Xxxxxxx Stock Plans.
As at the date of this Agreement there are: (A) 50,912,599 Xxxxxxx Shares validly issued and outstanding as fully-paid and non-assessable shares of Xxxxxxx; (B) outstanding Xxxxxxx Options providing for the issuance of 1,010,000 Xxxxxxx Shares upon the exercise thereof; 152,666 outstanding Xxxxxxx RSUs; and no outstanding Xxxxxxx DSUs or Xxxxxxx SARs. The terms of the Xxxxxxx Options (including exercise price) and Xxxxxxx RSUs are disclosed in Schedule 3.1(g)to the Xxxxxxx Disclosure Letter.
Section 9.2 of the Original Credit Agreement is hereby amended by the addition, after the notice information for Xxxxxxx, of notice information for the Additional Lenders as follows: “If to Kendu Partners or MDNH Partners, L.P.: c/x Xxxxxxx Options 000 Xxxx Xx., Suite 950 San Francisco, California 94104 Facsimile: (000) 000-0000”.
Holding Company shall use commercially reasonable efforts to cause the Holding Company Common Shares to be issued in connection with the Mergers and the Holding Company Common Shares to be reserved for issuance upon exercise of Cardiac Options and Xxxxxxx Options to be approved for listing on Nasdaq, subject to official notice of issuance, prior to the Closing Date.
There are no outstanding Xxxxxxx Options that have been granted and are unexercised.