Examples of Substituted Option in a sentence
The date of grant of the Substituted Option shall be the date on which the corresponding CBS Option was granted.
Except as otherwise provided in this Agreement, such Substituted Option shall otherwise be subject to the same terms and conditions as such CBS Option (except that all vesting periods with respect thereto shall, to the extent provided by the terms thereof, accelerate, and be subject to any other rights which arise under the CBS Stock Option Plans or the option agreements evidencing awards thereunder as a result of the transactions contemplated by this Agreement).
This instrument (the “Option Agreement”) evidences the grant of a Substituted Option with respect to the Holder (the “Option”) and the cancellation of the ADS Option that it replaces.
Management Stock Option Award Agreement Strategic Performance Award (Substituted Option) Advanced Disposal Waste Holdings Corp.
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The amount of such consideration that a Substituted Option will entitle the Participant to acquire following the Substitution Event shall be that amount that a Participant would have obtained had such Participant exercised the Option immediately prior to the Substitution Event with the result common shares received on such exercise would have been subject to the Substitution Event.
Each Substituted Option covers a number of the number of Shares equal to 1.0296 times the number of ADS Shares covered by the canceled ADS Option, and has an exercise price equal to the exercise price of the ADS Option divided by 1.0296.
Annual Stock Option Award Agreement (Substituted Option) Advanced Disposal Waste Holdings Corp.
All Pivotal Options (or portions thereof) not canceled in exchange for a Pivotal Option Cash Out Amount pursuant to section 2.3(a)(i) or substituted for a Substituted Option pursuant to section 2.3(a)(ii) will be canceled at the Effective Time without payment of any consideration.
The exercise price for a Substituted Option following the Substitution Event shall be the amount as the Board may determine as would provide the Participant with an equal economic result (assuming the Participant exercised the Substituted Option immediately after the Substitution Event but not at any later time) as the Participant would have obtained had such Participant exercised the Option immediately prior to the Substitution Event.