Examples of PEI Stock in a sentence
The parties acknowledge and agree that Accessity Exchange Shares will be directly issued to LDI (without any preceding issuance of shares of PEI Stock) if such conversion occurs after the Closing Date.
For purposes of determining the adjusted option price of PEI Stock Options and PEI Director Options, the formula set forth in Exhibit A to this Agreement shall be used to maintain each optionee's Aggregate Spread on each outstanding grant of PEI Stock Options and PEI Director Options.
Such PEI Shareholder is the owner, beneficially and of record, of its shares of PEI Stock, free and clear of all Liens.
Retained Employees shall not be required to exercise such PEI Stock Options or PEI Director Options within 90 days after the Distribution Date.
All Transferred Employees holding vested PEI Stock Options or PEI Director Options shall be required to exercise such Stock Options prior to the date 90 days after the Distribution Date.
Subject to the terms and conditions of this Agreement, each PEI Shareholder hereby agrees to assign, transfer and deliver to Accessity the shares of PEI Stock owned by the PEI Shareholder free and clear of all liens, claims, encumbrances, pledges, options, security interests and any other adverse interests of any kind or nature whatsoever, and Accessity hereby agrees to accept delivery of the PEI Stock from each of the PEI Shareholders.
All PEI Stock Options and PEI Director Options held by Transferred Employees shall be cancelled in accordance with their terms (except in case of death or disability) on the date 90 days after the Distribution Date.
PEI shall continue to reserve those shares already reserved under the PEI Stock Option Plan.
All options granted under the PEI Stock Option Plan will continue to be denominated in PEI Common Stock.
PEI Stock Options and PEI Director Options, whether vested or unvested, held by Retained Employees shall remain in effect following the Distribution and shall be equitably adjusted in accordance with Section 2.03(d)(iv) to reflect the Distribution.