Cash-Out Options definition

Cash-Out Options means each option outstanding at the Effective Time to purchase Shares (an "Option") granted under the Company's 1988 Nonqualified Stock Option Plan, 1992 Nonqualified Stock Option Plan, the 1997 Stock Incentive Plan or the 1997 Director Stock Option Plan or any other stock-based incentive plan or arrangement of the Company (excluding any options granted under the Company's Employee Stock Purchase Plan) (the "Stock Plans") that is not an Assumed Option (as defined below).

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Cash-Out Options means any option to purchase Company Common Stock or portion thereof that is outstanding as of immediately prior to the Effective Time, whether vested or unvested, that was granted prior to May 1, 2019 and is held by a Continuing Employee.

Cash-Out Options means each option outstanding at the ---------------- Effective Time to purchase Shares (an "Option") granted under (A) the Company's ------ 1990 Stock Option Plan, 1994 Incentive Stock Option, Nonqualified Stock Option and Restricted Stock Purchase Plan, or Stock Option Plan for Non-Employee Directors, (B) the Manzanita Software Systems 1985 Stock Option Plan or (C) any other stock-based incentive plan or arrangement of the Company excluding any options granted under the Company's 1997 Employee Stock Purchase Plan (the "Stock Plans") that is not an Assumed Option (as defined below). ------------

Examples of Cash-Out Options in a sentence

Each of Parent, the Surviving Corporation and the Paying Agent shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any holder of Company Shares, Cash-Out Options or RSUs such amounts as it is required to deduct and withhold with respect to the making of such payment (and, with respect to the RSUs, the vesting of such RSUs) under U.S. federal tax Law or any other applicable state, local or foreign tax Law.
Notwithstanding the foregoing, any Option Payments made pursuant to this Section 1.3(a)(iii)(A) shall only be made to holders of Cash-Out Options who have delivered a duly executed Option Consent pursuant to the terms of Section 1.4(b) below.
The “Per Share Merger Consideration” means the amount determined by dividing (A) the sum of the Adjusted Cash Consideration, the aggregate exercise price payable upon exercise of all Cash-Out Options (as defined below) and $750,000 by (B) the number of Fully Diluted Shares.
An Option Consent from at least 95% of Company Optionholders that hold Cash-Out Options as of the Closing Date.
The Surviving Corporation shall, and Parent shall cause the Surviving Corporation to, pay to the holders of Cash-Out Options the cash payments described in this Section 2.2(a)(i) on or as soon as reasonably practicable after the Closing Date, but in any event within two (2) Business Days following the Closing Date.
Parent and Sub have, and will have available to them upon the Effective Time, sufficient funds to perform all of their respective obligations under this Agreement and to consummate the Merger and the other transactions contemplated hereby, including payment in full of the Merger Consideration and the amounts payable to the holders of Cash-Out Options, and to pay all associated fees, costs and expenses.
PTO shall be cashed out in two circumstances: (1) upon termination of employment (resignations are subject to proper written notice), when all accrued and unused PTO will be cashed out; and (2) according to policy CPGH.102.560 (HR-512), Paid Time Off (PTO) Cash-Out Options.
The Cash-Out Amount to be received by the Cash-Out Option Holder identified on Section 3.3(b) to the Company Disclosure Letter with an asterisk shall be rounded to the nearest cent and computed after aggregating the cash amounts for all Common Shares subject to the Cash-Out Options when paid promptly after the Effective Time.
As soon as reasonably practicable after the Effective Time, but no later than the first regularly scheduled payroll date thereafter, the Company, Parent, or the Surviving Corporation shall pay over to each holder of Cash-Out Options the aggregate cash consideration payable to such holder of Cash-Out Options pursuant to this Section 5.3(a) (without interest).
Section 4.8(a) Cash-Out Options.........................................

More Definitions of Cash-Out Options

Cash-Out Options has the meaning specified in Section 2.9.2.1 hereof.

Cash-Out Options means all Company Options that are not Assumed Options.

Cash-Out Options shall have the meaning stated in Section 6.6(a).

Cash-Out Options means "in-the-money" vested and ---------------- exercisable Company Options outstanding immediately prior to the Effective Time which have not been terminated or waived prior to such time, including any such Company Options that vest in connection with the consummation of the Merger pursuant to the terms of the applicable Stock Plan (as defined in Section 3.04(b)) or the applicable Company Option agreement thereunder.