Examples of Optioned Units in a sentence
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Optioned Units issued to Optionholders pursuant to the exercise of Exchange Options may be subject to limitations on sale or resale under applicable securities laws.
Unless otherwise agreed to by the Fund in writing, no Exchange Option will be issued and no Optioned Units will be issued on the exercise of Exchange Options under the Plan where such issue would require registration of the Plan or such Optioned Units under the securities laws of any foreign jurisdiction.
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On the terms and conditions set forth in this Agreement, (a) Optionor hereby grants to Optionee an option (the "Put Option") to sell to Optionor the Optioned Units at the Option Exercise Price and (b) Optionee hereby confirms its acceptance of the Put Option.
Such notice (a "Notice of Exercise") shall state that it is intended as an exercise under this Agreement and the number of the Optioned Units being sold.
Optionor shall not be entitled to vote, receive dividends, or be deemed for any purpose the holder of any Optioned Units until the Put Option shall have been duly exercised to sell such Optioned Units in accordance with the provisions of this Agreement.
An Optionholder will only have rights as a unitholder of the Fund with respect to those of the Optioned Units that the Optionholder has acquired through exercise of an Exchange Option in accordance with its terms.
The Company shall at all times while the Compensation Options are in effect, reserve and keep available out of its authorized but unissued Common Shares, such number of Common Shares as shall from time to time be required to be issued on each exercise of the Compensation Options (including the Warrants comprising the Optioned Units) and such additional Common Shares as may be issuable as a result of each capital reorganization event).
The parties also agree that there shall be no lockouts on the part of the Employer or suspension of work on the part of the employees for the duration of the Agreement.