Examples of FSC Award in a sentence
The per Share exercise price of each Option granted pursuant to Section 6(a)(i) shall be the per share exercise price or grant price of the MOXY Award from which such Option was derived divided by 0.2. The per Share exercise price of each Option granted pursuant to Section 6(a)(ii) shall be the per share exercise price of the FSC Award from which such Option was derived divided by 0.625.
At the Effective Time, each holder of an FSC Award shall receive an Option to purchase such number of Shares (disregarding any fractional Share) as such holder would be eligible to receive in the Mergers with respect to the number of shares of FSC common stock subject to such FSC Award if such holder were the owner of record of such FSC shares immediately prior to the Effective Time.
Each Award hereunder shall be evidenced by a writing delivered to the Participant that shall specify the terms and conditions thereof and any rules applicable thereto and that shall, in accordance with the provisions of the Plan, replicate as closely as possible the terms, conditions and other contractual attributes of the MOXY Award or FSC Award from which the Award is derived, as in effect immediately prior to the Effective Time.
Such Limited Rights shall have a grant price equal to the exercise price of the Options under Section 6 with which they are in tandem, and shall in all other respects contain the same terms and conditions as the agreement or notice pertaining to the FSC Award from which they derived.
Each holder of an FSC Award shall receive, at the same time as and in tandem with each Option granted to such holder under Section 6(a)(ii), Limited Rights equal in number to the number of Shares subject to such Option with which such Limited Rights are in tandem.
Except as set forth below in this Section 6(a)(ii) and in Section 6(b), each such Option shall have the same remaining term and other terms and conditions (whether such terms and conditions are contained in the related FSC Award agreement or notice or in the plan under which such FSC Award was made) and shall be exercisable to the same extent as the FSC Award from which it was derived, with such changes and modifications as are necessary to substitute the Company for FSC as the issuer of the Option.