Vested Company Options. Subject to Section 2.8(a)(iii), each Vested Company Option shall be cancelled and converted into and will become the right to receive an amount in cash, without interest thereon and subject to applicable withholding Taxes, equal to the product of (A) the number of shares of Company Common Stock subject to such Vested Company Option as of immediately prior to the Effective Time and (B) the excess, if any, of the Per Share Price over the exercise price per share of such Vested Company Option (the “Vested Option Consideration”).
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Samples: Agreement and Plan of Merger (Datto Holding Corp.), Agreement and Plan of Merger (Datto Holding Corp.)
Vested Company Options. Subject to Section 2.8(a)(iii), each Each Vested Company Option shall be cancelled and automatically converted into and will become the right to receive an amount in cash, without interest thereon and subject to applicable withholding Taxes, cash equal to the product of (A) the aggregate number of shares of Company Common Stock subject to such Vested Company Option as of immediately prior to the Effective Time and Option, multiplied by (B) the excess, if any, of the Per Share Price over the applicable per share exercise price per share of under such Vested Company Option Option, subject to any required withholding of Taxes (the “Vested Company Option Consideration”).
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Samples: Agreement and Plan of Merger (Pluralsight, Inc.), Agreement and Plan of Merger (Pluralsight, Inc.)
Vested Company Options. Subject to Section 2.8(a)(iii), each Each Vested Company Option shall be cancelled and converted into and will become the right to receive an amount in cash, without interest thereon and subject to applicable withholding Taxes, equal to the product of (A) the number of shares of Company Common Stock subject to such Vested Company Option as of immediately prior to the Effective Time and (B) the excess, if any, of the Per Share Price over the exercise price per share of such Vested Company Option (the “Vested Option Consideration”).
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Vested Company Options. Subject to Section 2.8(a)(iii), each Each Vested Company Option shall be cancelled and converted into and will become the right to receive an amount in cash, without interest thereon and subject to applicable withholding Taxes, equal to the product of (Ai) the number of shares of Company Common Stock subject to such Vested Company Option as of immediately prior to the Effective Time and (Bii) the excess, if any, of the Per Share Price over the exercise price per share of such Vested Company Option (the “Vested Option Consideration”).
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