Examples of Surrendered Options in a sentence
The Committee shall have discretion to determine the extent to which such Substitute Options shall be granted, the persons to receive such Substitute Options, the number of Shares to be subject to such Substitute Options, and the terms and conditions of such Substitute Options which shall, to the extent permissible within the terms and conditions of the Plan, be equivalent to the terms and conditions of the Surrendered Options.
The Committee may also grant Restricted Shares in exchange for Surrendered Options to any holder of such Surrendered Option.
The Committee may also grant Restricted Stock in exchange for Surrendered Options to any holder of such Surrendered Option.
The value of the Surrendered Options for this purpose shall equal the Xxxx-Xxxxx values set forth in the valuation report of Ernst & Young as of March 19, 2008, which have been calculated based on the Corrected Grant Date for all such options.
If the Company at any time should succeed to the ------------------ business of another corporation through merger or consolidation, or through the acquisition of stock or assets of such corporation, Options may be granted under the Plan in substitution of options previously granted by such corporation to purchase shares of its stock which options are outstanding at the date of the succession ("Surrendered Options").
If the Company at any time should succeed to the business of another corporation through merger or consolidation, or through the acquisition of stock or assets of such corporation, Options may be granted under the Plan in substitution of options previously granted by such corporation to purchase shares of its stock which options are outstanding at the date of the succession ("Surrendered Options").
If any unvested options are used for this purpose, and Optionee’s employment with the Company is terminated prior to the time such options would have vested in full, Optionee hereby agrees to pay to the Company an amount in cash, or vested options as determined by their Xxxx-Xxxxx values set forth in the valuation report referred to above, equal to the value imputed under Exhibit B to any Surrendered Options that would not have vested by the time of termination.
In exchange for three shares of Stock subject to Surrendered Options, a Replacement Option to purchase one share of Stock will be granted, subject to any adjustments for transactions or events specified in Section 4.2 of the Plan.
If the Company at any time should succeed to the business of another corporation through merger or consolidation, or through the acquisition of stock or assets of such corporation, Options may be granted under this Plan ("Substitute Options") in substitution of options previously granted by such corporation and which are outstanding at the date of the succession ("Surrendered Options").
Notwithstanding the foregoing, the number of shares of Common Stock subject to Surrendered Options in excess of the number of shares of Common Stock subject to Replacement Options shall not be available for subsequent issuance under the Plan.