Amended Option definition
Examples of Amended Option in a sentence
For the avoidance of doubt, the Stock Purchase Option Agreement shall continue to be binding among the parties thereto until the Amended Option and Custody Agreement becomes effective.
Accordingly, each Amended Option will vest in accordance with the same vesting schedule measured from the same vesting commencement date and will have the same exercise period, option term and other conditions currently in effect for that Eligible Option.
You must remain employed by us on the date each portion of your Amended Option vests to receive the Cash Payment payable with respect to that portion of your Amended Option.
However, an Amended Option may not be exercised for more than the vested number of shares for which it is at the time exercisable.
In the event of any conflict or inconsistency between the terms of this Agreement or the Amended Option and Custody Agreement with the terms of any such bottlers' agreements with respect to the subject matter governed by such bottlers' agreements, the terms of such bottlers' agreement shall control.
The Cash Payment will be paid (1) on the first regular payroll date after January 1, 2008 with respect to any portion of an Amended Option that has vested as of December 31, 2007 and (2) on the last business day of the quarter in which any portion of an Amended Option has vested with respect to that portion of an Amended Option that vests following December 31, 2007.
The Parties further acknowledge and agree that those portions of the Amended Option not specifically amended by this Sixth Amendment shall remain unchanged and in full force and effect, and the same are hereby ratified and confirmed.
As used in this Amended Option Agreement, “Committee” will refer to the Board or to such a committee if established.
The references in Section 9(a), 9(b), 9(c) or 9(d) to Executive, other than as therein stated, not being entitled to receive compensation or benefits upon termination of his employment under any of such Sections shall not affect Executive's rights under the Amended Option Agreement or the 1997 Option Agreement.
The Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Board of Directors (or any Committee to whom the Board has delegated administration of the Amended Option Agreement) upon any questions relating to this Amended Option Agreement.