Options definition
Examples of Options in a sentence
No consent of any holder of any Company Option is required to effect the treatment of such Company Option under Section 3.3 because all Company Options are being terminated without consideration and are of no further force and effect, with no liability to the Parent or Surviving Corporation, under Section 3.3.
Except as set forth in Section 4.2(d) of the Disclosure Schedule or except for Company Options and Company Warrants listed on the Securityholder Schedule, no subscription, warrant, option, convertible security, or other right (contingent or otherwise) to purchase or acquire any shares of capital stock of the Company is authorized or outstanding.
If any shares of Common Stock, Options or Common Stock Equivalents are issued or sold for a consideration other than cash, the amount of such consideration received by the Company will be the fair value of such consideration, except where such consideration consists of publicly traded securities, in which case the amount of consideration received by the Company for such securities will be the lowest VWAP on any Trading Day during the five (5) Trading Day period immediately preceding the date of receipt.
Other than the shares of Company Stock outstanding as of the date of this Agreement, the Company Stock issuable upon the exercise of Company Options or the Company Stock issuable upon the exercise of Company Warrants, there are no other outstanding securities of the Company entitled to vote on any matters put to a vote of Company Stockholders.
If there has been an Initial Public Offering, any Performance-Vesting Options that are vested following such determination shall remain exercisable for one year following Executive’s death (or, if earlier, until the original maximum ten-year term of the option).