Initial Option Consideration definition

Initial Option Consideration means, with respect to a vested Option, an amount in cash equal to the product of (a) the excess of the Initial Per Share Transaction Consideration over the exercise price per Common Share of such vested Option and (b) the number of Common Shares subject to such Option.

Initial Option Consideration has the meaning set forth in Section 2.2.1.

Initial Option Consideration is as defined in Section 2.7.

Examples of Initial Option Consideration in a sentence

• Any portion of the Initial Option Consideration remaining at Closing shall be deposited in the name of the LLC.

• All vested Options shall be terminated effective as of the Effective Time in exchange for the payment (subject to the provisions of Sections 1.9 and 1.10) of (i) the Initial Option Consideration and (ii) the Additional Per Share Transaction Consideration.

• The Earnout Payment, if any, less any reimbursed amounts paid from the Earnout Payment to the Shareholder Representative under Section 1.9(d)(ii), shall be paid to the Company Securityholders pro rata based on such Company Securityholder’s portion of the aggregate Initial Merger Consideration, Initial Option Consideration and Initial Warrant Consideration.

• Escrow Holder shall record the Memorandum in the Official Records following Seller’s written confirmation to Escrow Holder that Seller has received the Initial Option Consideration.

• Each party shall be responsible for its own attorneys’ fees incurred in connection with the negotiation and preparation of this Agreement and other instruments or documents mentioned herein; provided that in the event Buyer does not pay or cause to be paid the Initial Option Consideration on or before the Option Payment Date, Buyer shall pay Seller’s attorneys’ fees and costs incurred in connection with the negotiation and preparation of this Agreement and any documents mentioned herein.

More Definitions of Initial Option Consideration

Initial Option Consideration means, with respect to each applicable vested Option outstanding immediately prior to the Effective Time, the Per Share Participating Initial Consideration minus the exercise price of such Option.

Initial Option Consideration is the amount set out in the Schedule labeled Initial Option Consideration which is payable within 5 working days of the execution by both parties of this Agreement.

Initial Option Consideration means the Option Consideration payable at Closing and as adjusted pursuant to Section 1.5(f).

Initial Option Consideration means the Initial Class A Option Consideration and the Initial Class B Option Consideration.

Initial Option Consideration means, in respect of any Vested Option, the amount in cash, without interest, determined by multiplying (i) the excess, if any, of the Initial Per Share Merger Consideration over the per-Share exercise price of such Vested Option, by (ii) the number of Option Shares relating to such Vested Option.

Initial Option Consideration means $87,000,000 divided by the Fully-Diluted Shares.

Initial Option Consideration means Twenty-Three Million Six ---------------------------- Hundred Thousand Dollars ($23,600,000).