Underwater Option definition
Underwater Option means, with respect to each Company Stock Option, each Company Stock Option with an exercise price equal to or greater than the Merger Consideration.
Underwater Option means Company Option (whether vested or unvested) with an exercise price equal to or greater than the Merger Consideration.
Underwater Option means any Option with an exercise price equal to or in excess of the Per Share Common Stock Merger Consideration.
Examples of Underwater Option in a sentence
Prior to the Effective Time, the Company shall take all action that may be necessary or required (under the Company Stock Plan, any applicable Legal Requirement or otherwise) to effectuate the provisions of this Section 1.6(b) and to ensure that, from and after the Effective Time, each holder of an Outstanding Unvested Option, an Underwater Option or the portion of any Company Options that constitute Accelerated Options shall have no rights with respect thereto.
More Definitions of Underwater Option
Underwater Option means an Option for which the Fair Market Value of the underlying Common Stock is less than the exercise price of that Option.
Underwater Option means each Option that has an exercise price per share equal to or greater than the Estimated Price Per Share set forth in the Estimated Statement.
Underwater Option means any Company Option that has an exercise price payable in respect of a share of Company Common Stock subject to such Company Option that equals or exceeds the Residual Per Share Amount, whether or not vested.
Underwater Option means any Company Stock Option with an aggregate exercise price equal to or in excess of the Company Equity Award Aggregate Value of such Company Stock Option, it being understood that Underwater Options shall be determined on an iterative basis.
Underwater Option means each Broadcom Stock Option with an exercise price equal to or greater than the Equity Award Consideration as of immediately prior to the Closing.
Underwater Option means each Company Option with no positive amount of Option Consideration.
Underwater Option means each Company Option that is outstanding and unexercised as of immediately prior to the Effective Time and that has a per share exercise price for Company Shares subject to such Company Option that equals or exceeds the Per Share Amount.