In-the-Money Option definition

In-the-Money Option means a Company Option that has an exercise price per Company Share that is less than the Consideration per Company Share.

In-the-Money Option is defined in Section 2.8(a) of the Agreement.

In-the-Money Option means each Company Stock Option that has a per share exercise price that is less than the Cash Amount.

Examples of In-the-Money Option in a sentence

• Example: In-the-Money Option ExpiryASX SPI 200 Index Futures Dec 4500 Call Official Expiry settlement level of the ASX SPI 200 Index Futures is 4,585 Option price settled at 85 Example: Out-of-the-Money Option ExpiryASX SPI 200 Index Futures Dec 4500 Call Official Expiry settlement level of the ASX SPI 200 Index Futures 4,400 Option price settles at 0.

• Each Company Option that is not an In-the-Money Option shall, in accordance with the terms of the Company Share Plans, be cancelled and extinguished without the payment of consideration with respect to such cancelled Company Option.

• Each Company Option that is not an In-the-Money Option shall be automatically cancelled for no consideration.

• The Option Offer Price for each In-the-Money Option represents the difference between the Offer Price and the respective exercise prices of these Options.

• Any Company Stock Option that is not an In-the-Money Option shall not be entitled to any payment in respect thereof.

More Definitions of In-the-Money Option

In-the-Money Option has the meaning set forth in Section 2.3(a).

In-the-Money Option. – means a call Option with an Exercise Price that is less than the Market Price of the Underlying Interest or a put Option where the Exercise Price exceeds the Market Price of the Underlying Interest.

In-the-Money Option means a Company Option in respect of which the In-the-Money Amount, determined as of the last Business Day immediately preceding the Effective Date, is a positive amount;

In-the-Money Option means a Company Option that is unexpired, unexercised and outstanding immediately prior to the Effective Time and has a per share exercise price for the Company Common Stock subject to such Company Option that is less than the Price Per Share.

In-the-Money Option means each Company Stock Option that is not an Out-of-the-Money Option.

In-the-Money Option is defined in Section 3.8(a) of this Agreement.

In-the-Money Option means each Company Option which has a per share exercise price that is less than the Cash Amount.