Initial Option Shares definition

Initial Option Shares has the meaning given to it in clause 3.1.3; JAMS has the meaning given to it in clause 18.2;
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Initial Option Shares means 11 (eleven) million Shares;
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Initial Option Shares means 2,400,000 Shares (as adjusted pursuant to the terms of the Initial Share Warrant Instrument) which may be issued to the Warrant Holder following the exercise of its rights pursuant to the Initial Share Warrant Instrument.
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Examples of Initial Option Shares in a sentence

  • Option Grants and the shares issuable upon exercise thereof, shall be considered to have vested, or will vest, for purposes of Section 2, on the same dates and in the same percentages as the Initial Option Shares vest.

  • As a condition to the exercise of the option hereby granted, the written notice of election in the form attached hereto as Exhibit A shall include a representation by the Optionee that the Initial Option Shares are being purchased for investment and not for distribution or resale.

  • Pursuant to the provisions of Section 2 of the Agreement for Financing dated March 21, 1997 (the "Agreement for Financing"), the Company hereby grants to the Optionee on the date hereof the right and option to purchase Three Hundred Thirty-Three Thousand Three Hundred Thirty-Three (333,333) of its shares of Common Stock, $.001 par value (the "Initial Option Shares"), at an option price equal to $3.00 per Initial Option Share (the "Initial Option").

  • The Initial Option Shares are intended to be a nonqualified stock option and shall not be treated as an “incentive stock option” within the meaning of that term under Section 422 of the Internal Revenue Code, or any successor provision thereto.

  • The Initial Option shall vest, subject to Executive’s continued employment, as follows: (A) one-quarter of the Initial Option Shares shall vest and become exercisable on the first anniversary of the Start Date (the “Initial Vesting Date”) and (B) the balance of the Initial Option Shares shall vest and become exercisable in thirty-six (36) equal monthly installments on each consecutive monthly anniversary of the Initial Vesting Date.

  • The Additional Option Shares shall be subject to vesting provisions consistent with the Initial Option Shares such that the Additional Option shares shall be deemed vested and subject to continuing vesting as of the date of grant of the Additional Option to the same extent as the Initial Option Shares.

  • The "Applicable Number" shall mean a number (rounded up to the nearest whole number) equal to the product of (i) the quotient determined by dividing (A) the aggregate number of shares owned by Blackstone to be included in the contemplated Transfer by (B) the aggregate number of shares owned by Blackstone immediately prior to the contemplated Transfer and (ii) the total number of Initial Option Shares.

  • The Initial Grant Agreement will provide, among other things, that 80,000 shares of the Initial Option Shares shall be immediately vested, with the balance of the Initial Option Shares vesting in a series of sixteen successive equal quarterly installments (25,000 shares each) such that vesting is complete on the fourth anniversary of the Effective Date (in each case, subject to the Executive’s continued employment with the Company on the applicable vesting date).

  • The Executive shall be granted, upon the Effective Date, an additional option (the “Additional Option,” and together with the Initial Option, the “Options”) to purchase 120,000 shares (the “Additional Option Shares,” and together with the Initial Option Shares, the “Option Shares”) of the Common Stock under the 2009 Equity Plan at an exercise price equal to the closing price of the Common Stock on the Effective Date.

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Related to Initial Option Shares

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Remaining Shares shall have the meaning set forth in Section 2.03(a).

  • Option Stock shall have the meaning set forth in Section 2(a) hereof.

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

  • Optioned Shares means the common shares of the Company, issuable on exercise of the Option; and

  • Incentive Shares means Shares awarded pursuant to the provisions of Article 12.

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Converted Shares means the Subject Equity Shares resulting from the conversion of Restricted Voting Shares into the Subject Equity Shares pursuant to subparagraph (ii);

  • Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors through Stock Connect.

  • Offered Shares has the meaning set forth in Section 3.02(a).

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Unissued Option Shares means the number of Shares, at a particular time, which have been reserved for issuance upon the exercise of an Option but which have not been issued, as adjusted from time to time in accordance with the provisions of section 5, such adjustments to be cumulative.

  • First Option has that meaning set out in Section 3.1 (a);

  • Founder Shares Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier of (A) one year after the completion of the Company’s initial Business Combination and (B) subsequent to the Business Combination, (x) if the closing price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (y) the date on which the Company completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property.

  • Purchase Shares has the meaning set forth in Section 2.2(a) hereof.

  • Reserved Shares means initially, [ ] Shares. The Reserved Shares may be increased or decreased in a Supplemental Confirmation.

  • Coop Shares Shares issued by a Cooperative Corporation.