Examples of Pre-Closing Option in a sentence
The Company represents that Schedule A attached hereto accurately sets forth the number of Pre-Closing Options together with the corresponding exercise price and expiration date of each such Pre-Closing Option (subject in certain cases to earlier expiration upon the occurrence of events applicable to the given Pre-Closing Option).
The exercise price with respect to such Pre-Closing Option shall be the same as the exercise price associated with such Pre-Closing Option (the "Exercise Price").
LIME ENERGY CO., a Delaware corporation By: /s/ Jxxxxxx Xxxxxxx Name: Jxxxxxx Xxxxxxx Its: Chief Financial Officer STATE OF ILLINOIS ) ) SS.
Any such accelerated vesting that occurs in connection with the preceding sentence (the “Six-Month Acceleration”) will be applied pro-rata with respect to each Pre-Closing Option.
Notwithstanding any other provision herein, if in connection with the exercise of a Pre-Closing Option, such exercise is accomplished using a cashless exercise methodology, the Registered Holder shall have the right to purchase 5.67 times the number of shares that would have been acquired by the holder of the Pre-Closing Option had such holder fully exercised the Pre-Closing Option and actually acquired the Pre-Closing Option Shares associated with such Pre-Closing Option.
For example, if the holder of a Pre-Closing Option to purchase 100 shares with an exercise price of $0.50 per share exercised such Pre-Closing Option (whether through the actual issuance of shares of Common Stock, cashless exercise or otherwise), then, with respect to such Pre-Closing Option, this Warrant would entitled the Registered Holder to purchase a total of 555.377 shares of Common Stock with an Exercise Price of $0.50 per share.
For example, if the holder of a Pre-Closing Option to purchase 100 shares with an exercise price of $0.50 per share exercised such Pre-Closing Option (whether through the actual issuance of shares of Common Stock, cashless exercise or otherwise), then, with respect to such Pre-Closing Option, this Warrant would entitled the Registered Holder to purchase a total of 567 shares of Common Stock with an Exercise Price of $0.50 per share.
The exercise price with respect to such Pre-Closing Option shall be the same as the exercise price associated with such Pre-Closing Option (the “ Exercise Price”).