Supplemental Option Payment definition
Supplemental Option Payment has the meaning specified in Section 7.3(d).
Examples of Supplemental Option Payment in a sentence
In the event that for a period of 20 (twenty) or more consecutive trading days ending on or before December 31, 2000, the last reported sales price for the common stock of the Company is more than $7 (seven dollars), then the Company shall pay to the Executive in a lump sum $302,250 (three hundred two thousand two hundred fifty dollars) (the "Supplemental Option Payment").
Said Supplemental Option Payment shall be made on or before January 15, 2001.