Promised Optionees definition
Promised Optionees means each employee or other service provider that has received an Option Promise Award, as set forth on Section 4.2(c) of the Disclosure Schedule.
Examples of Promised Optionees in a sentence
The Bonus Award Letter in Lieu of Options will provide for (i) a general release in favor of the Acquiror and the Surviving Corporation and (ii) an aggregate payment to all Promised Optionees as set forth in the Spreadsheet (the “Promised Option Payment Pool”), which amounts shall be subject to, and paid out in accordance with the terms contained in the Bonus Award Letter in Lieu of Options entered into with each Promised Optionee.