Option Cancellation Agreements shall have the meaning set forth in Section 1.5(c).

Option Cancellation Agreements the Option Cancellation agreements entered into by THL-Nortek Investors, LLC, the Management Stockholders and certain other parties, dated as of August 27, 2004.

Option Cancellation Agreements means the agreement between the Company and each Option Holder in the form attached as Exhibit J hereto, whereby such Option Holder agrees to cancellation of his Options in consideration of receipt of payment pursuant to Section 2.3, as adjusted pursuant to Section 3.2.

Examples of Option Cancellation Agreements in a sentence

At the Closing, (i) the Sellers shall deliver to Purchaser, free and clear of any Lien and restriction on transfer (other than any restrictions under the Securities Act and applicable state securities Laws), all certificates representing the Shares, each duly endorsed in blank or with duly executed stock powers attached and (ii) the Seller Representative shall deliver to Purchaser executed counterparts of the Stock Option Cancellation Agreements for all of the Optionholders.
The Company has previously provided to the Purchaser copies of all such Employee Agreements and Designated Optionee Option Cancellation Agreements.
All payments of Option Consideration to Optionholders shall be subject to and in accordance with the Option Cancellation Agreements.
The aggregate payment to be made to the Option holders pursuant to the Option Cancellation Agreements (the “Option Consideration”), as well as its allocation among all of the Company’s outstanding Options, is set forth on Section 3.3 of the Company Disclosure Schedule.
Option Cancellation Agreements shall be effective only if received by the Company on or prior to the 33rd day after the Mailing Date.

More Definitions of Option Cancellation Agreements

Option Cancellation Agreements means those certain Option Cancellation Agreements, dated as of or prior to the date hereof, by and between the Company and each holder of Company Options.

Option Cancellation Agreements the agreements pursuant to which the holders of CMHC Stock Option agree to the cancellation of their CMHC Stock Option in exchange for the payment, after the Effective Time, of the amounts set forth in Section 2.1(e) of this Agreement.

Option Cancellation Agreements the Option Cancellation Agreements, to be dated as of the Closing Date, between the Company and each Optionholder, substantially in the form of Exhibit B.

Option Cancellation Agreements means the agreements to be entered into by holders of Company Options in the form attached as Exhibit C.

Option Cancellation Agreements means the agreements proposed to be entered between the Corporation and each of the Optionholders, prior to the Closing Date and conditional upon Closing, in form and substance satisfactory to the Dexterra Parties, acting reasonably.

Option Cancellation Agreements means, collectively (i) that certain Option Cancellation Agreement, dated the date hereof, between the Company, the Sellers and Xxxxx X. Xxxxxx, an executed copy of which is attached hereto as Exhibit B, and (ii) that certain Option Cancellation Agreement, dated --------- the date hereof, between the Company, the Sellers and Xxxxxxx Xxxxxx, an executed copy of which is attached hereto as Exhibit C. ---------

Option Cancellation Agreements means the agreements to be entered into between Sanction and each holder of Sanction Options, in a form satisfactory to Marsa, acting reasonably, whereby each holder of Sanction Options agrees to surrender such Sanction Options for cancellation for nominal consideration;