Aggregate Option Amount definition

Aggregate Option Amount means (i) with respect to the Fiscal Year ending December 31, 1998, an amount equal to $800,000 divided by the Closing Sales Price, (ii) with respect to the Fiscal Year ending December 31, 1999, an amount equal to $1,450,000 divided by the Closing Sales Price, and (iii) with respect to each Fiscal Year ending December 31, 2000 and December 31, 2001, an amount equal to the difference of (A) $2,250,000 minus (B) the then aggregate of the Annual Option Vesting Amount for each of the Fiscal Years prior to the Fiscal Year in question.

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Aggregate Option Amount means an amount equal to the product of (a) the aggregate number of shares of Common Stock that are issuable upon full exercise, exchange or conversion of all Company Options and any other rights (whether vested or unvested) that are convertible into, exercisable for or exchangeable for, shares of Common Stock outstanding immediately prior to the Effective Time (other than Terminated Company Options) multiplied by (b) the Option Exchange Ratio.

Aggregate Option Amount means, with respect to any determination of the Aggregate Purchase Price, the product of (a) the Option Amount (representing the aggregate number of shares of Common Stock issuable in respect of stock options to be granted by Purchaser at or prior to the Initial Closing to all existing holders of options to acquire shares of common stock of the Company), times (b) either (i) the Average Price (if the end of the Measurement Period shall be the relevant Trigger Event) or (ii) the average price per share of the Common Stock of Purchaser on a Fully-Diluted Basis determined on the basis of the Consideration paid in the Acquisition (if an Acquisition shall be the relevant Trigger Event).

Examples of Aggregate Option Amount in a sentence

The parties have agreed upon an illustrative calculation of the Per Share Consideration and related estimates of the Aggregate Option Amount payable to holders of Company Stock Options pursuant to Section 3.2(a)(1) of this Agreement, in each case determined on a pro forma basis as if the Closing had occurred on the Execution Date, which illustrative calculations are set forth in the Payout Trial Run.
The Company covenants and agrees to use its diligent best efforts to cause the election of a representative of the Purchaser to the Board of Directors of the Company, upon the occurrence of the earlier of (i) Purchaser has purchased all Shares and Option Shares up to the Aggregate Option Amount, or (ii) Purchaser has acquired 19.99% of the Company's outstanding common stock pursuant hereto.

More Definitions of Aggregate Option Amount

Aggregate Option Amount shall be an amount, in U.S. dollars, equal to the product of (i) the total number of shares of Company capital stock underlying Vested Options multiplied by (ii) the Equivalent Per Share Consideration.

Aggregate Option Amount means 14.3% of (x) the Aggregate Net Cash Proceeds, minus (y) $150,000,000, plus (z) the aggregate exercise price payable in respect of Aggregate Outstanding Option Shares.