Option Base definition

Option Base means the sum of (a) the total number of Shares issued and outstanding immediately prior to the Effective Time plus (b) the total number of Shares underlying all Options issued and outstanding immediately prior to the Effective Time (prior to cancellation in accordance herewith).
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Examples of Option Base in a sentence

  • For each Index Option that receives a Performance Credit, we multiply its Performance Credit by its Index Option Base.

  • We then set each Index Option Value equal to its Index Option Base.

  • We then reduce each Index Option Base by the same percentage that the amount withdrawn reduced its associated Index Option Value.

  • On the Index Effective Date, the Index Option Value and Index Option Base for each Index Option are equal to: · The portion of the Initial Purchase Payment allocated to that Index Option, if the Index Effective Date is the Issue Date; or · The portion of Variable Account Value allocated to that Index Option, if the Index Effective Date is not the Issue Date.

  • At the end of each Business Day other than the Index Effective Date or Index Anniversary, the Index Option Value is equal to the Index Option Base plus its Daily Adjustment.

  • The Daily Adjustment is calculated before we process any Partial Withdrawal or deduct any Contract Charges using the Index Option Base, the current Proxy Value, and the Proxy Value as of the previous Index Anniversary (or the Index Effective Date if this is the first Index Year).

  • At the end of each Business Day other than the Term Start Date or Term End Date, the Index Option Value is equal to the Index Option Base plus its Daily Adjustment.

  • On each Term End Date, we calculate the Index Option Value for each Index Option(s) by applying its associated Performance Credit to its Index Option Base.

  • Then, on each Index Anniversary, for each Index Option we: · Increase its Index Option Value and Index Option Base by the amount of any Additional Purchase Payments and Transfers into the Index Option received that day; · Reduce its Index Option Value and Index Option Base by the amount transferred out of the Index Option; and · Reduce its Index Option Value and Index Option Base for Withdrawals (including any Withdrawal Charge) and Contract Charges as described above.

  • The Daily Adjustment is calculated before we process any Partial Withdrawal or deduct any Contract Charges using the Index Option Base, the current Proxy Value, and the Proxy Value as of the Term Start Date.

Related to Option Base

  • Option B has the meaning assigned that term in Section 8.03(e).

  • Option A has the meaning assigned that term in Section 8.03(e).

  • Number of Options The number of Base Convertible Securities in denominations of USD1,000 principal amount issued by Counterparty on the closing date for the initial issuance of the Convertible Securities. For the avoidance of doubt, the Number of Options outstanding shall be reduced by each exercise of Options hereunder. Applicable Percentage: 20% Option Entitlement: The product of the Applicable Percentage and 10.7198

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Option Exercise Date has the meaning specified in Section 2.1.