Payment for Options. In the event of a Control Termination of this Agreement, Executive may also elect, within sixty (60) days after such Control Termination, to receive (in addition to any other amounts owed to Executive under this Agreement) a lump sum payment in cash equal to the sum of the following: (i) all or any portion of the number of shares of common stock of the Company which may be acquired pursuant to options granted by the Company and held by Executive at the time of such election, multiplied by the Conseco Put Price; plus (ii) all or any portion of the number of Successor Securities which may be acquired pursuant to options (which options were granted to Executive in exchange or substitution for options to acquire the common stock of the Company) held by Executive at the time of such election, multiplied by the Successor Security Put Price; plus (iii) the number of shares of common stock of the Company which were acquired pursuant to options granted by the Company which were exercised, or which were discharged and satisfied by the payment to Executive of cash or other property (other than options for Successor Securities), subsequent to the first public announcement of the transaction or event which led to the change in control, multiplied by the respective per share exercise prices of such exercised or discharged options. For purposes of calculating the above lump sum payment, the options described in clauses (i) and (ii) shall include all such options, whether or not then exercisable, and, to compensate Executive for the loss of the potential future speculative value of unexercised options, there shall not be any deduction of the respective per share exercise prices for any of the options described in such clauses (i) and (ii). The cash payment due from the Company pursuant to this Section 14 shall be made to Executive within ten (10) days after the date of such election hereunder, against the execution and delivery by Executive to the Company of an appropriate agreement confirming the surrender to the Company of the options in respect of which the lump sum cash payment is being made to Executive.
Payment for Options. The premium amount for the purchase of an Option shall be paid within two (2) Business Days of receipt of an invoice from the Option Seller. Upon exercise of an Option, payment for the Product underlying such Option shall be due in accordance with Section 7.1.
Payment for Options. If Company has not previously entered into agreements with all holders of options under the Incentive Plan and caused the surrender of the options prior to the Effective Time, within five (5) days after the Effective Time, Acquiror shall notify the remaining holders of options under the Incentive Plan of the procedure for receipt of payments for their unexercised options, which payments shall be made by Acquiror within ten (10) days after an option holder has surrendered all of his options to Acquiror. Acquiror shall also make available to Company sufficient funds to enable Company to consummate the termination of unexercised stock options, as contemplated by Subsection 2.1(c) (Conversion of Stock Options).
Payment for Options. The Company shall pay the Participant a cash lump sum payment equal to the aggregate amount of $ [●] (less applicable taxes and withholdings) to purchase the Options specified on Exhibit A. Such payment shall be made as soon as practicable, and in all events within thirty days, following the Effective Date.
Payment for Options. In the event of a Control Termination of this Agreement, Executive may also elect, within sixty (60) days after such Control Termination, to receive (in addition to any other amounts owed to Executive under this Agreement) a lump sum payment in cash equal to the sum of the following: (i) all or any portion of the number of shares of common stock of the Company which may be acquired pursuant to options granted by the Company and held by Executive at the time of such election, multiplied, with respect to shares subject to any such options by the difference between the Conseco Put Price and the respective exercise price under such option with respect to such shares; plus (ii) all or any portion of the number of Successor Securities which may be acquired pursuant to options (which options were granted to Executive in exchange or substitution for options to acquire the common stock of the Company) held by Executive at the time of such election, multiplied with respect to shares subject to any such options relating to Successor Securities, by the difference between the Successor Security Put Price and the respective exercise price under such option with respect to such shares. The cash payment due from the Company pursuant to this Section 14 shall be made to Executive within ten (10) days after the date of such election hereunder, against the execution and delivery by Executive to the Company of an appropriate agreement confirming the surrender to the Company of the options in respect of which the lump sum cash payment is being made to Executive.
Payment for Options. The Registrant hereby agrees to furnish supplementally a copy of any omitted schedule to the Securities and Exchange Commission upon its request.
Payment for Options. Parent shall provide sufficient funds for and shall cause the Surviving Corporation to pay the Cash Amount as contemplated by Section 2.4(a) within five (5) Business Days following the Closing Date.
Payment for Options. As promptly as practicable after the Effective Time, the Exchange Agent shall pay to each holder of a Company Stock Option, whether or not then exercisable, an amount in cash equal to the product of (i) the amount by which the Common Price exceeds the exercise price per share subject to the Company Stock Option, and (ii) the number of shares subject to the Company Stock Option.
Payment for Options. At the Effective Time, except as set forth on a schedule to be provided to the Company by Purchaser prior to the Effective Time (with the consent of each Option holder identified thereon, the "Rollover Option Schedule"), all the then outstanding stock options previously granted to employees, non-employee directors and consultants (the "Options") under the Company's stock option plans (the "Stock Option Plans"), whether or not then vested or exercisable, shall terminate and shall no longer be exercisable. Those Options set forth on the Rollover Option Schedule shall by virtue of the Merger be assumed by the Surviving Corporation. Each Option so assumed by the Surviving Corporation will continue to have, and be subject to, the same terms and conditions of such Options immediately prior to the Effective Time except that each such Option will be exercisable (or will become exercisable in accordance with its terms) for the common stock of the Surviving Corporation. With respect to each terminated Option, the Surviving Corporation shall make a cash payment to the former holder thereof at the Effective Time in an amount equal to (subject to any applicable withholding taxes, the "Cash Payment") the product of (x) the total number of shares of Company Common Stock subject to such Option (i.e., to the extent such Option has not theretofore been exercised), whether or not then vested or exercisable, and (y) the excess, if any, of the Merger Consideration over the exercise price per share of Company Common Stock subject to such Option (i.e., to the extent such Option has not theretofore been exercised), each such Cash Payment to be paid to each holder of an outstanding Option on the Closing Date; provided, however, that the Surviving Corporation shall have the right to condition the making of the Cash Payment on its receipt of a release or waiver satisfactory to the Surviving Corporation in its reasonable discretion. All Cash Payments shall be funded by the Surviving Corporation.
Payment for Options. Payment for the Options shall be made to the Stockholders’ Representative as provided in this Section 2.12(a). Each holder of Options shall be entitled to receive payment for such Options in cash as provided in this Article 2, provided that each such holder shall, as a condition to receiving such payment, execute and deliver to ATS an Option Holder Release in the form attached hereto as Exhibit J (each an “Option Holder Release” and collectively, the “Option Holder Releases”).
