Option Spread definition

Option Spread means, with respect to an Option, the excess, if any, of the Fair Market Value of a share of Common Stock as of the applicable Valuation Date over the Exercise Price.

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Option Spread applicable to an Option shall equal the product of the number of shares of Common Stock subject to such Option multiplied by the positive difference, if any, between the cash amount to be paid for each share of Common Stock in such merger or consolidation and the exercise price of such Option; and

Option Spread has the meaning assigned in Section 3.05(a).

Examples of Option Spread in a sentence

• The amount payable to you in these circumstances may be paid by the Company either in cash or in shares of Class A Common Stock having a Fair Market Value equal to the Option Spread, or a combination thereof, as the Company shall determine.

• Class A Common Stock used to pay the Option Spread pursuant to this Paragraph 3 will be valued at the Fair Market Value as of the day the Exercise Notice is received by the Company.

• Class A Common Stock used to pay the Option Spread pursuant to this Section 3 will be valued at the Fair Market Value as of the day the Exercise Notice is received by the Company.

• The Option Spread, after reduction for applicable tax withholding, if any, shall be paid in cash.

• In the event the Company terminates the Employee's services as a consultant hereunder prior to the expiration of the Consulting Period, the Employee shall be entitled to receive payment from the Company of liquidated damages in an amount equal to the aggregate Adjusted Option Spread (as hereinafter defined), it being agreed that the Employee's damages might be impossible to ascertain and that such amount constitutes a fair and reasonable amount of damages under the circumstances and is not a penalty.

More Definitions of Option Spread

Option Spread means (A) the sum of (x) $14.50 plus (y) the product of (i) the Exchange Ratio and (ii) the Average Closing Price minus (B) the exercise price per share payable immediately prior to the Effective Time pursuant to the applicable Company Option.

Option Spread means, with respect to an Option, the excess if any, of the Fair Market Value of a Share as of the date of exercise of the Option over the Option Exercise Price (defined in Section 4.3).

Option Spread means, as of any date of determination, with respect to an Option, the excess, if any, of the Fair Market Value of a Share as of such date over the Exercise Price with respect to such Option.

Option Spread shall equal, for each Company Option, the product of (a) the excess, if any, of (i) the Per Share Merger Consideration over (ii) the exercise price per share of Company Common Stock subject to a Company Option, multiplied by (b) the number of shares of Company Common Shares subject to such Company Option.

Option Spread shall have the meaning set forth in Section 2.04(d) hereof.

Option Spread has the meaning as set forth in Section 3.6(a) of the Agreement.

Option Spread means, in the case of an Exercisable Option, the product of (i) the number of shares of Common Stock subject thereto with respect to which such option is then exercisable and (ii) the excess of (x) the per share amount that would be payable by the Company to the holder of such option with respect to the exercise by the Company of the Company Call Option, assuming that immediately prior thereto the holder of such option had exercised such Exercisable Option, over (y) the per share Exercise Price of the Exercisable Options.