Payable to Record Holders Sample Clauses

Payable to Record Holders. Any Additional Merger Consideration payable on account of Eligible SB Merger Shares shall be payable only to (i) the holders of record of the Eligible SB Merger Shares as of the Effective Time, and (ii) holders of record of RxBazaar Stock Options as of the Effective Time as follows: If a record holder of an RxBazaar Stock Option as of the Effective Time exercises the RxBazaar Stock Option between the Effective Time and the date on which any Additional Merger Consideration becomes payable, then the Additional Merger Consideration shall be paid to such record holder in respect of each Eligible SB Merger Share issued upon such exercise. If any RxBazaar Stock Option has not been exercised as of the date on which the Additional Merger Consideration becomes payable, then from and after such date the RxBazaar Stock Option shall be exercisable for (A) the number of Eligible SB Merger Shares issuable pursuant to Section 1(h)(4) above plus (B) the Additional Merger Consideration payable in respect of each such Eligible SB Merger Share.