Common use of Vested Options Clause in Contracts

Vested Options. Each Vested Company Option shall be cancelled and automatically converted into the right to receive an amount in cash equal to the product of (A) the aggregate number of shares of Company Common Stock subject to such Vested Company Option, multiplied by (B) the excess, if any, of the Per Share Price over the applicable per share exercise price under such Vested Company Option, subject to any required withholding of Taxes (the “Vested Option Consideration”).

Appears in 3 contracts

Samples: Agreement and Plan of Merger (MINDBODY, Inc.), Agreement and Plan of Merger (Instructure Inc), Agreement and Plan of Merger (Ellie Mae Inc)

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Vested Options. Each Vested Company Option and each Additional Vesting Company Option shall be cancelled and automatically converted into the right to receive an amount in cash equal to the product of (A) the aggregate number of shares of Company Common Stock subject to such Vested Company Option Option or Additional Vesting Company Options, as applicable, multiplied by (B) the excess, if any, of the Per Share Price over the applicable per share exercise price under such Vested Company Option or Additional Vesting Company Option , as applicable, subject to any required withholding of Taxes (the “Vested Option Consideration”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Xactly Corp)

Vested Options. Each Vested Company Option shall be cancelled and automatically converted into the right to receive an amount in cash equal to the product of (A) the aggregate number of shares of Company Common Stock Shares subject to such Vested Company Option, multiplied by (B) the excess, if any, of the Per Share Price over the applicable per share exercise price under such Vested Company Option, subject to any required withholding of Taxes (the “Vested Option Consideration”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Instructure Inc)

Vested Options. Each Vested Company Option shall be cancelled and automatically converted into the right to receive an amount in cash equal to the product of (A) the aggregate number of shares of Company Common Stock subject to such Vested Company Option, multiplied by (B) the excess, if any, of the Per Share Price over the applicable per share exercise price under such Vested Company Option, subject to any required withholding of Taxes (the “ Vested Option Consideration”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Mobileiron, Inc.)

Vested Options. Each Vested Company Option shall be cancelled and automatically converted into the right to receive an amount in cash equal to the product of (A) the aggregate number of shares of Company Common Stock subject to such Vested Company Option, multiplied by (B) the excess, if any, of the Per Share Price over the applicable per share exercise price under such Vested Company Option, subject to any required withholding of Taxes (the “Vested Option Consideration”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Apptio Inc)