Examples of Xxxxxxxx Options in a sentence
Section 1.2 of the Stock Purchase Agreement is hereby amended to add thereto the following at the end thereof: Notwithstanding the foregoing, Xxxxx Xxxxxxx'x Options to purchase 1,368.55 Shares (the "Exchanged Shares") shall be surrendered and exchanged for options to receive 100,000 shares of preferred stock, $0.01 par value, of Purchaser, in accordance with the Option Substitution Agreement dated as of December 15, 1997, among the Company, Purchaser and Xxxxx Xxxxxxx.
Figure 5: Boundary conditions scheme: experimentally measured displacement was pre- scribed at the upper face nodes of each model, while the bottom face nodes were con- strained in the compression direction.
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.
As soon as practicable after the Effective Time, the Depositary shall deliver on behalf of Xxxxxxxx to each holder of In-The-Money Xxxxxxxx Options, as reflected on the books and records of Xxxxxxxx, a cheque (or other form of immediately available funds) for the Option Consideration such holder is entitled to receive under the Arrangement in accordance with Section 2.2(3) less any amounts withheld pursuant to Section 3.7.
Details as to the terms and conditions of the outstanding Xxxxxxxx Options and Xxxxxxxx Warrants including, in each case, the date of issue, the exercise price, the expiry date and the number of Xxxxxxxx Shares to which such Xxxxxxxx Option relates, is set out in Section 3.2(a) of the Xxxxxxxx Disclosure Letter.
Xxxxxx acknowledges and accepts that he has no outstanding Xxxxx.xxx Options and has, and shall have, no existing or future right to be granted Xxxxx.xxx Options.
As of the date of this Agreement, there are outstanding Xxxxxxxx Options entitling Xxxxxxxx Optionholders to purchase up to 2,020,000 Xxxxxxxx Shares and Xxxxxxxx Warrants entitling Xxxxxxxx Warrantholders to purchase up to 23,685,000 Xxxxxxxx Shares.
At the Closing, good and valid title to the Xxxxxxxx Stock, free and clear of all Liens, encumbrances, equities or claims shall be transferred to the Purchaser, and all of the Xxxxxxxx Options shall have previously been exercised (resulting in additional Xxxxxxxx Stock being transferred to the Purchaser) or any non- exercised Xxxxxxxx Options shall lapse effective as of the Closing, and shall cease to be of any force or effect whatsoever.
SITO shall hereinafter have the same rights as PCM formerly had with respect to the Xxxxxxxx Options (other than registration rights and obligations as provided in Section 6 and Exhibit A of the Option Agreements), and Xxxxxxxx shall have the same duties and obligations to SITO as it formerly had to PCM with respect to the Xxxxxxxx Options.
No agreement relating to Xxxxxxxx Options contains terms that are materially inconsistent with the terms contained in the Xxxxxxxx Stock Option Plan, and no agreement relating to Xxxxxxxx Warrants contains terms that are materially inconsistent with the terms contained in the Xxxxxxxx Warrant Certificates.