Assumed Company Option definition

Assumed Company Option shall have the meaning set forth in Section 1.7(a).

Assumed Company Option. Section 2.5(b)

Assumed Company Option. Section 2.4(a)(ii) “Assumed RSUs” Section 2.4(b)(ii)

Examples of Assumed Company Option in a sentence

• The exercise price and the number of shares purchasable pursuant to each Assumed Company Option as well as the terms and conditions of exercise of such option shall be determined in order to comply with Sections 424(a) and 409A of the Code.

• Each Assumed Company Option shall thereafter be exercisable for such number of shares of Parent’s common stock, par value $.01 per share (the “Parent Common Stock”) as equals the number of shares of Common Stock subject to such Assumed Company Option multiplied by the Option Exchange Ratio (rounded down to the nearest whole number).

• The exercise price per share of each such Assumed Company Option shall be equal to the exercise price per share set forth in the option agreement for such Assumed Company Option divided by the Option Exchange Ratio (rounded up to the next whole cent).

• It is the intention of the parties that each Assumed Company Option shall qualify following the Effective Time as an incentive stock option as defined in Section 422 of the Code to the extent permitted under Section 422 of the Code and to the extent such Assumed Company Option qualified as an incentive stock option at the Effective Time.

• At the Effective Time, each Company Equity Plan pursuant to which any Assumed Company Option has been granted shall be assumed by Parent.

More Definitions of Assumed Company Option

Assumed Company Option has the meaning set forth in Section 3.6(c)(ii).

Assumed Company Option means a Company Option with a per share exercise price equal to or less than $2.00 and granted to those Persons set forth on Section 3.2 of the Company Disclosure Schedule.

Assumed Company Option means each outstanding option to purchase shares of Company Common Stock granted under the Company Equity Plans that has an exercise price per share equal to or less than $0.95.

Assumed Company Option has the meaning set forth in Section 2.12.

Assumed Company Option means each Company Option that is outstanding as of immediately prior to the Effective Time and is either (i) a time-vesting Company Option for which the applicable time-vesting condition is not satisfied as of immediately prior to the Effective Time or (ii) a performance-vesting Company Option for which (x) the applicable performance-vesting condition is deemed to be fully satisfied as of immediately prior to the Effective Time in the manner specified in Section 3.1(b)(iii), and (y) the applicable time-vesting condition is not satisfied as of immediately prior to the Effective Time.

Assumed Company Option means each Company Option that (i) is held by an employee of the Company or by a Section 1.1 Consultant, in each case as of immediately prior to the Effective Time, (ii) is unvested as of immediately prior to the Effective Time, and (iii) does not vest at the Effective Time in accordance with its terms.

Assumed Company Option is defined in Section 6.14.