Examples of Xxxxxxxx Option in a sentence
Accordingly, and notwithstanding the foregoing, if required, the exercise price of an Agnico Replacement Option will be adjusted such that the In-The-Money Amount of the Agnico Replacement Option immediately after the exchange does not exceed the In-The-Money Amount of the Xxxxxxxx Option immediately before the exchange.
The exercise price per Agnico Share subject to any such Agnico Replacement Option shall be an amount equal to the quotient of (X) the exercise price per Xxxxxxxx Share under the exchanged Xxxxxxxx Option immediately prior to the Effective Time divided by (Y) the Exchange Ratio (provided that the aggregate exercise price payable on any particular exercise of Agnico Replacement Options shall be rounded up to the nearest whole cent).
For employees on platform drilling units, the extended preferential right lapses at the age of 62.
The closing of the purchase and sale of the Shares (the "CLOSING") shall take place at 10:00 a.m. on the date that is one business day following exercise by Xxxxxxxx of the Xxxxxxxx Option (as defined) or on such other date as may be mutually agreeable to the Company and Xxxxxxxx.
It is further agreed by the parties hereto that each Permitted Transferee shall take such equity interest subject to Xxxxxxx'x Option and Right of First Refusal so that Barrick shall still have its Right of First Refusal and its Option rights for the full 15 year term of this Agreement.
Scheschuk and Holder hereby agree that any action, proceeding or claim xxxxxxx Schesxxxx xr the Holder arising out of, or relating in any way to this Xxxxxxxx Option shall be brought and enforced in the courts of the State of New York or of the United States of America for the Southern District of New York, and irrevocably submit to such jurisdiction, which jurisdiction shall be exclusive.
Akselrod and Holder hereby agree that any action, proceeding or claim xxxxxxx Akselrod or the Holder arising out of, or relating in any way to this Xxxxxxxx Option shall be brought and enforced in the courts of the State of New York or of the United States of America for the Southern District of New York, and irrevocably submit to such jurisdiction, which jurisdiction shall be exclusive.
Therefore, the Xxxxxx Option Agreement and the Xxxxxxxx Option Agreement have terminated by their terms and the NonVested Shares have been forfeited to the Corporation.
KCSI and Xxxxxxxx each agree to issue shares of their stock upon the exercise of the New KCSI Options and the New Xxxxxxxx Options, respectively, and agree that holders of the Substituted Options shall purchase shares in each of KCSI and Xxxxxxxx directly from the relevant corporation upon the exercise of a New KCSI Option or a New Xxxxxxxx Option, as the case may be.
The Corporation and Xxxxxxxx entered into a Stock Option Agreement dated as of April 30, 1998 (the "Xxxxxxxx Option Agreement"), pursuant to which Xxxxxxxx was given the option to acquire shares of stock of the Corporation as provided therein, though Xxxxxxxx has not exercised any rights pursuant to the Xxxxxxxx Option Agreement.