Sub Options definition
Examples of Sub Options in a sentence
No transfers of Sub Shares or Sub Options shall be made on the stock transfer or other applicable books of Sub at or after the Sub Effective Time.
Upon surrender to Paying Agent of such certificates and proper submittal of the related letter of transmittal (in connection with Sub Shares), or upon proper submittal of the letter of transmittal (in connection with Sub Options), the Sub Surviving Corporation shall promptly cause to be paid to the Persons entitled thereto a check in the amount of the Sub Share Conversion Price and/or Sub Option Conversion Price to which such Persons are entitled, after giving effect to any required tax withholdings.
The Sub Surviving Corporation shall pay all charges and expenses, including those of the Paying Agent, in connection with the exchange of cash for Sub Shares and Sub Options.
Promptly following the first anniversary of the Sub Effective Time, the Paying Agent shall deliver to the Sub Surviving Corporation all cash held for payment for Sub Shares or Sub Options and all other documents in its possession relating to the transactions described in this Agreement, and the Paying Agent's duties shall terminate.
Holdco Sub shall take all corporate and other action necessary to reserve and make available for issuance upon the due exercise of rights under the Holdco Sub Options a sufficient number of shares of Holdco Sub Common Stock, and as soon as practicable following the Effective Time of the Merger, shall provide to the record holders of the Holdco Sub Options appropriate notice of such holder's rights thereunder.
If the Sub Options are not exercised within 45 days of such notice, the Company shall terminate the Sub Options effective upon the Effective Time pursuant to Section 10.3 of the Sub Plan.