Optioner definition
Examples of Optioner in a sentence
Optioner og RSUer kan udnyttes i den periode og i overensstemmelse med de betingelser, der er angivet i Vilkårene.
Each Holder of Securities, other than the Optioner and Non-Participating Investors, shall thereupon be entitled, for a period of 20 days from the date of such notice, to purchase that proportion of the Common Stock for which the Company did not exercise its rights under Subsection (A) of this Section 3 as such purchaser's aggregate holding of Securities then bears to the aggregate holding of Securities then held by all Holders of Securities (excluding all Securities held by Non-Participating Investors).
Each such notice shall set forth the identity of the Optioner, the nature of the Event of Option and the quantity and description of the Common Stock owned by the Optioner.
Upon the occurrence of an Event of Option, the Securityholder who is the subject of the Event of Option (the "Optioner") shall notify the Company in writing (such notice to be referred to as the "Optioner's Notice"), delivered by hand or by first-class, certified or overnight mail, postage prepaid, or by telecopier, within 5 days after the occurrence of such Event of option, of its occurrence and nature.
Any shares not purchased pursuant to Subsection (A) or (B) of this Section 3 shall continue to be subject to an open option to purchase by the Company or by the Holders of any Securities other than the Optioner.
The Company shall thereupon be entitled, for a period of 20 days after the delivery to it of the calculations of Fair Market Value to be made pursuant to the last sentence of this Subsection (A), to purchase at a price per share equal to the Fair Market Value of Common Stock, any or all of the Optioner's shares of Common Stock by the tender of an official bank or certified check for the appropriate amount to the Optioner.
The Company shall, within 7 days after its receipt of such notice, notify all Holders of Securities other than the Optioner, such notice to be in writing, delivered by hand, or by first-class, certified or overnight mail, postage prepaid, or by telecopier, to their respective addresses as shown on the books of the Company.
Within 3 days after the receipt of such check from the Company, the Optioner shall surrender to the Company by hand delivery or by first-class, certified or overnight mail, postage prepaid, addressed to the Company, the certificates representing the shares of Common Stock sold in accordance herewith.
Upon the occurrence of an Event of Option, the Optioner shall cease to be entitled to receive information pursuant to Section 6.5 and 6.8 of the Securities Purchase Agreements and shall cease to have any rights under Sections 6.6 of the Securities Purchase Agreements.
Optioner has the full corporate power and authority to execute and deliver this Agreement and all other documents related to the transactions contemplated herein which are to be executed by it, and has the full power and authority to complete the transactions set forth herein, including the transfer, assignment and delivery of the Option Shares.