Examples of Call Option Agreements in a sentence
Under the terms of the Call Option Agreements, the Management Directors may elect to pay the exercise price in full or to pay 10% of the exercise price at the time of exercise of the option.
A summary of the material terms of the Exclusive Call Option Agreements has been set out in the section headed “Structured Contracts” in the Prospectus.
The exercise of the three call options will allow the Company to develop 161 units with an aggregate floor space of approximately 21,500 m2.During 2019, the Company exercised the first and second call option under the Call Option Agreements for the total price of PLN 69 million as a result of which the Company (via its subsidiary) acquired shares in companies holding seven substages of Nova Królikarnia project.
Pursuant to the terms of the Call Option Agreements, Huachen granted to each of the Management Directors a call option in respect of a specified number of shares of common stock, totaling 346,305,630 shares in aggregate and representing approximately 9.446% of the then issued share capital of the Company, at an exercise price of HK$0.95 per share.
As a result of the Call Option Agreements entered into between Huachen and the Management Directors, compensation expense associated with these call options is being recognized by the Company on a straight-line basis from December 18, 2002 to August 6, 2003, the date that the call options become fully vested.