Unexercisable Options definition
Examples of Unexercisable Options in a sentence
At the Effective Time, the --------------------------------- Unexercisable Options which are outstanding immediately prior to the Effective Time shall be cancelled and exchanged for the number of shares of ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Common Stock, decreased to the nearest whole share, having an aggregate market value at the Effective Time equal to the Unexercisable Option Value.
Unexercisable Options will terminate upon termination of employment, unless acceleration in connection with such termination is explicitly provided for.
Unexercisable Options or Installments [shall (__)] [shall not (__)] become exercisable on the date of Employee's death.
Unexercisable Options or Installments [shall (__)] [shall not (__)] become exercisable on the date of Optionee's death.
Parent shall pay cash to the holders of Unexercisable Options in lieu of issuing fractional shares of Parent Common Stock unless, in the reasonable judgment of Parent based upon the advice of its independent public accountants, such payment would adversely affect the ability to account for the Merger as a pooling of interests in accordance with generally accepted accounting principles.
October 14, 2021 April 20, 2018 40,000 40,000 - $9.735 April 20, 2028 October 14, 2021 1 All Unexercisable Options will terminate on the date of this Agreement and shall not be exercisable at any time.
Upon the date hereof, all Unexercisable Options reflected on Attachment B will expire immediately and Dr. Dusseux shall no longer have any rights to exercise any such Unexercisable Options.