Examples of Amended Option in a sentence
The table below outlines the payments in both the Option Agreements and the Amended Option Agreements.
Accordingly, each Amended Option will continue to vest in accordance with the vesting schedule currently in effect for that option at the time of the amendment, and the exercise period and option term for that Amended Option will also remain unchanged.
The terms and provisions of each Amended Option will not differ from the terms and provisions in effect for that option at the time of tender, except that the Amended Option will have an exercise price equal to the Adjusted Exercise Price determined for that option.
Accordingly, each Amended Option will continue to vest in accordance with the same vesting schedule measured from the same vesting commencement date currently in effect for each such option, and the exercise period and expiration date for each option will also remain unchanged.
The Company will advise you at the time of your termination of service with the Company as to the period of time during which you may exercise your Amended Option.
Except as provided in Section II.B.2(v) above, such election will have the sole effect of limiting the period(s) during which you may exercise the Amended Option.
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.
Instead, the Amended Option will no longer be exercisable (to the extent currently exercisable), and generally will only become exercisable again, if at all, on the date of the earliest to occur of the events described above under the Amended Exercise Schedule.
If you incur a termination of your service with the Company and you are a member of senior management who is determined to be a “specified employee” (as defined under Section 409A) at the time of the termination, Section 409A generally requires us to implement a six month delay in the exercisability of your Amended Option.
The RSU Plan is a fixed plan pursuant to which the number of Shares that may be issued pursuant to RSUs granted under the RSU Plan is fixed at 3,662,875; provided, however, that the total number of Shares which may be issued pursuant to RSUs and Options granted under the Amended Option Plan is a maximum of 10% of the issued and outstanding Shares at the time of grant.