Examples of Exchanged Option in a sentence
If any Option or Exchanged Option has terminated or expired without being fully exercised, any unissued Shares which have been reserved to be issued upon the exercise of the Option or the Exchanged Option, as the case may be, shall become available to be issued upon the exercise of Options subsequently granted under the Plan.
If any Option or Exchanged Option has been exercised, the number of Shares into which such Option or such Exchanged Option, as the case may be, was exercised shall become available to be issued upon the exercise of Options subsequently granted under the Plan.
The term, conditions to and manner of exercising, vesting conditions and all other terms and conditions of each Replacement Option will otherwise be the same as the terms and conditions of the corresponding Exchanged Option.
Except as specifically provided above, following the Effective Time, each Exchanged Option shall continue to be governed by the same terms and conditions (including vesting and exercisability terms) as were applicable to the corresponding Company Option immediately prior to the Effective Time.
Stock Option Administrator Subject: Notice of Intention to Exercise Exchanged Option This is official notice that the undersigned ("OPTIONHOLDER") intends to exercise Optionholder's option to purchase __________ shares of Loudeye Corp.