SBI Options definition
Examples of SBI Options in a sentence
Set forth on Section 4.2.2 of the SBI Disclosure Schedule is a spreadsheet accurately reflecting the number of such SBI Options outstanding, the grant or issue dates, vesting schedules and exercise or conversion prices thereof and, in each case, the identities of the holders and an indication of their relationships to SBI (if any exist other than a security holder or employee).
Parent will be entitled to deduct and withhold from the Per Share Merger Consideration and the Option Spread Payment, as applicable, otherwise payable to any former holder of SBI Shares or SBI Options all amounts required by Law to be deducted or withheld therefrom.
Prior to the Effective Date, SBI shall provide written notice to the holders of unexercised and outstanding SBI Options regarding the possible cancellation of SBI Options (as a result of the Merger) and the possible receipt of an Option Spread Payment.
To the extent that amounts are so deducted and withheld and paid to the appropriate Governmental Entity, such amounts will be treated for all purposes of this Agreement as having been paid to the holder of SBI Shares or SBI Options in respect of which such deduction and withholding was made by Parent.
The agreements pursuant to which SBI Options are issued and outstanding are referred to herein as the “SBI Option Agreements”).
At and after the Effective Time, no person will have any right under SBI Options (including the warrants held by ▇▇▇▇▇▇▇▇▇ LLC) or the SBI Option Plan or any SBI Option Agreements with respect to equity securities of the Surviving Corporation or any Subsidiary thereof, except the right to receive the Option Spread Payment.
Neither Parent, Purchaser nor SBI will be liable to any former holder of SBI Shares or SBI Options for any portion of the Per Share Merger Consideration and the Option Spread Payment delivered to any public official pursuant to any applicable abandoned property, escheat or similar Law.