Examples of Company Share Incentive Plan in a sentence
Each such option assumed by the Purchaser shall continue to have, and shall be subject to, the same terms and conditions as applied to the option immediately prior to the Closing (but taking into account any changes thereto provided for in the Company Share Incentive Plan, any award agreement, or any other contract or agreement, including by reason of this Agreement or the transactions contemplated hereby).
A:If the merger is completed, at the effective time of the merger, outstanding options to purchase Shares granted under the Company Share Incentive Plan will be cancelled and holders shall, in consideration for such cancellation, be paid promptly but not later than five business days after the effective time of the merger, a cash amount equal to (i) the excess, if any, of $2.75, over the exercise price of each option then held by such holder, multiplied by (ii) the number of Shares underlying such option.
E-House shall use commercially reasonable actions to facilitate the Purchaser’s assumption of all outstanding options and other equity incentives granted under the Company Share Incentive Plan pursuant to Section 1.3.
As of the date hereof, options to purchase 455,000 Ordinary Shares have been granted and are outstanding under the Company Share Incentive Plan, of which none will become vested and exercisable by the holders thereof as of the Closing.
A:Each outstanding restricted share unit or restricted share granted under the Company Share Incentive Plan will be cancelled and converted into the right to receive, as soon as practicable after the effective time of the merger, a cash amount equal to $2.75 multiplied by the number of Shares underlying such restricted share unit or restricted share.