Reduction in the Underlying Option Shares. Upon any exercise of a Related Right, the number of shares of Common Stock for which any related Option shall be exercisable shall be reduced by the number of shares for which the Stock Appreciation Right has been exercised. The number of shares of Common Stock for which a Related Right shall be exercisable shall be reduced upon any exercise of any related Option by the number of shares of Common Stock for which such Option has been exercised.
Appears in 3 contracts
Samples: Registration Rights Agreement (Monterey Capital Acquisition Corp), Agreement and Plan of Merger (Fortune Rise Acquisition Corp), Tax Receivable Agreement (Collier Creek Holdings)
Reduction in the Underlying Option Shares. Upon any exercise of a Related Right, the number of shares of Common Stock for which any related Option shall will be exercisable shall will be reduced by the number of shares for which the Stock Appreciation Right has been exercised. The number of shares of Common Stock for which a Related Right shall be is exercisable shall will be reduced upon any exercise of any related Option by the number of shares of Common Stock for which such the Option has been exercised.
Appears in 2 contracts
Samples: Employment Agreement (Evolution Development Group, Inc.), Employment Agreement (Evolution Development Group, Inc.)
