Examples of Purchased Option Shares in a sentence
Except as expressly provided by the Plan, no adjustment shall be made for dividends or other rights for which the record date is prior to the issuance of Purchased Option Shares and the delivery of any certificate or certificates for such shares or completion of such other required issuance, transfer and depository procedures.
The Optionee will provide the Company with written notice of any potential transfer of any Purchased Option Shares, specifying the terms of the potential transfer, at least thirty (30) days prior to the completion of the potential transfer.
The Company may exercise its right to purchase on or after the date that the Optionee exercises the Option, whether through a single purchase of all Purchased Option Shares or through multiple purchases of Purchased Option Shares completed on different dates.
Each holder (each an "Executive" and collectively, the "Executives") of the options granted under the Performance Option Plan shall exercise (the "Executive Option Exercise") the options granted under the Performance Option Plan to purchase the number of Shares set forth opposite his name on Annex II under the heading "Purchased Option Shares" prior to the -------- Effective Time.
If the Optionee’s Service is terminated as a result of a Removal for Cause, then this Option, whether or not vested, shall terminate in its entirety on the Termination Date and be of no further force or effect, provided that this Agreement shall continue to apply to all Option Shares which, on the Termination Date, are Purchased Option Shares.
If the Company becomes obligated to purchase Purchased Option Shares pursuant to this Section 5, then the Company will effect the purchase upon the terms set forth in Section 7.
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This Agreement and the Plan constitute the entire agreement between the parties, and supersedes all prior oral or written understandings between the parties, relating to the Option Shares and the Purchased Option Shares.
From and after any exercise of the Option, the Company will have the right (but not the obligation) to purchase all or any part of the Purchased Option Shares upon the terms set forth in Section 7.
The Holder will not pledge or otherwise grant a security interest in any Purchased Option Shares without the Company's prior written consent.