Merger Options definition
Examples of Merger Options in a sentence
All Merger Options and Stock Options that are scheduled to vest on the next succeeding anniversary of the Commencement Date shall be accelerated and deemed to have vested as of the termination date.
The offering and issuance of the PARENT Merger Options and the shares of PARENT Common Stock receivable on exercise of thereof shall be in registered in compliance with the Securities Act and all other applicable federal and state securities Laws to the reasonable satisfaction of TARGET and its counsel.
All Merger Options and Stock Options that have not vested (or been deemed pursuant to the immediately preceding sentence to have vested) as of the date of termination shall be forfeited to the Company as of such date.
Merger Options and Stock Options that have vested as of the Executive’s termination shall remain exercisable for 90 days following such termination provided, however, Merger Options that are not exercisable upon their terms at the time of such termination may not be exercised and shall be forfeited to the Company as of such date.
All warrants of Purchaser ("Warrants") outstanding at the Effective Time, as identified on Schedule 3.3(a) (including the Mestek Warrant and the Merger Options, whether or not included on Schedule 3.3(a)), shall remain outstanding following the Effective Time.
As part of the consideration for entering into the Merger, Parent shall receive options to purchase additional shares of Purchaser Common Stock (the "Merger Options") equal to .8518518 multiplied by the aggregate number of shares of Purchaser Common Stock issuable upon exercise of the Options and Warrants (other than the Mestek Warrant) and issuable in connection with the Purchaser Conversion Rights, as set forth in an agreement in the form of Exhibit 3.3(a) attached hereto (the "Merger Option Agreement").
At or prior to the Effective Time, Parent shall take all corporate action necessary to reserve for issuance sufficient shares of Parent Class A Stock for delivery upon exercise of Parent Merger Options.
As of the Effective Time of the Merger, all rights with respect to the Community National Bank Shares issuable pursuant to the exercise of stock purchase options ("Community National Bank Options") granted by Community National Bank, and which are outstanding at the Effective Time of Merger shall be converted into options for CBF Shares (the "Merger Options") in compliance with any restrictions contained in the plan or agreement, if any, under which such Community National Bank Options were issued.
Merger Options and Stock Options that have vested as of the Executive’s termination shall remain exercisable for ninety (90) days following such termination, provided, however, Merger Options that are not exercisable upon their terms at the time of such termination may not be exercised and shall be forfeited to the Company as of such date.
Merger Options and Stock Options that have vested as of the Executive’s termination shall remain exercisable for 90 days following such termination, provided, however, Merger Options that are not exercisable upon their terms at the time of such termination may not be exercised and shall be forfeited to the Company as of such date.