Examples of Unvested Stock Option in a sentence
The allocation of Unvested Options between the First Option Tranche and the Second Option Tranche (and the forfeiture of options as set forth above) shall be made pro rata among each grant of an Unvested Stock Option held by the Executive, based upon the number of shares covered by such Unvested Stock Option and shall be rounded to the nearest whole number of shares using conventions customarily employed by the Parent for such purpose.
Any Dividend Equivalent Right payment shall be made as soon as practicable after the vesting date(s) of such Unvested Stock Option, but in no event later than sixty (60) days following the applicable vesting date.
A decision, act, consent or instruction (or failure to take such actions) of the Holder Representative pursuant to this Section 2.3 or the Escrow Agreement shall constitute a decision of all the Other Holders and the Unvested Stock Option holders, and shall be final, binding and conclusive upon each of the Other Holders and the Unvested Stock Option holders, and Parent may rely upon any decision, act, consent or instruction of the Holder Representative for all purposes hereunder.
For each vesting date of a Participant’s Unvested Stock Option on which such Unvested Stock Option vests in whole or in part, the Company will pay to the Participant in cash the cash value of the Dividend Equivalent Right amount that has accrued and is attributable to the shares underlying such Unvested Stock Option to the extent it becomes vested on such vesting date.
SYP production for the first quarter of 2019 was lower than the current quarter due to weather-related log shortages in the comparative quarter and the positive impact of capital improvements during the current quarter.
The Holder Representative shall not be liable for any action taken or not taken as Holder Representative, and no Other Holder, Unvested Stock Option holder or any other Person shall have any cause of action against the Holder Representative for any action taken, decision made or instruction given by the Holder Representative under this Section 2.3 or the Escrow Agreement except for fraud or for willfully disregarding its duties as Holder Representative under this Agreement and the Escrow Agreement.
Each Unvested Stock Option that is outstanding immediately prior to the Effective Time and held by a Continuing Employee (other than the Founder) shall, pursuant to an Option Cancellation Agreement to be executed and delivered to the Company by each holder thereof, be assumed by Parent at the Effective Time and converted into a Parent Option.
Notice or communications to or from the Holder Representative pursuant to this Section 2.3 or the Escrow Agreement shall constitute notice to or from each of the Other Holders and the Unvested Stock Option holders.
At least four (4) business days prior to the Closing, the Company shall provide to Parent a detailed list setting forth (i) the name of each holder of an Unvested Stock Option being assumed by Parent pursuant to Section 1.6(c), as well as the grant date, exercise price, vesting schedule and expiration date of each such Unvested Stock Option.
The Company agrees to satisfy any obligations related to, or in connection with, the cancellation of any Company Unvested Stock Option.