Examples of Assumed Option Shares in a sentence
The Assumed Option Shares shall only be available for issuance upon exercise of an Option granted under the Prior Plans and assumed by this Plan and none of the Assumed Option Shares shall be available for grants of new Options or other Awards under this Plan, even if the assumed Options are forfeited, canceled or otherwise terminated without issuance of any shares of Common Stock.
Acquiror will not register the Assumed Option Shares for 11 months after the Effective Time.
The certificates for shares of Acquiror Common Stock to be issued in the Merger or Assumed Option Shares issued upon the exercise of options assumed in the Merger shall bear appropriate legends to identify such privately placed shares as being restricted under the Securities Act and to comply with applicable state securities laws.
At the Effective Time, the holders of shares of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than shares to be cancelled pursuant to Section C below) shall be entitled to receive in the aggregate such number of shares of Acquiror Common Stock (the "Merger Shares") as is equal to (i) the Merger Consideration (as defined in Section E below) less (ii) all Assumed Option Shares (as defined below).
In addition, upon any exercise of any Assumed Company Option before the Escrow Period terminates, 10% of the indicated Assumed Option Shares shall be registered in the name of, and be deposited with, the Escrow Agent.