Land Options definition
Land Options means the put options exercisable by each of the counterparties to the Contracts set forth on Schedule 1.02.
Land Options means the option rights and rights under purchase and sale agreements in and to in various land parcels held by entities, the interests in which were acquired, directly or indirectly, by the Company from Enterprise pursuant to the Purchase Agreement and the Buyers Agreement. The land parcels to which such rights relate are more particularly described in Schedule N attached hereto, which Schedule identifies those Land Options allocated to the Equity Residential Parties and those Land Options allocated to AVB.
Examples of Land Options in a sentence
MERRY LAND OPTIONS Merry Land's executive officers, other officers and managers have been granted Merry Land Options to acquire Merry Land Common under the Merry Land Stock Option and Incentive Plan in connection with services previously rendered by them.
In addition, upon a change in control, Merry Land Options may be surrendered to Merry Land for a payment equal to the difference between the fair market value of the shares subject to the option (or portion thereof) surrendered and the option exercise price.