Examples of Unsolicited Offer in a sentence
Because the amount of financial assistance awarded reflects the economic circumstances of the student and his/her family, we will refrain from any public announcements of the amount of aid awarded and will encourage the student and others to respect the confidentiality of this information.
In coming to its decision, the Board took into consideration a number of commercial and legal factors, including the fact that the Company had already entered into the legally binding Agreement with the Purchaser, the performance obligations undertaken by the Company under the Agreement, the terms and conditions of the Unsolicited Offer, as well as the relative timing and completion risks associated with each of the Agreement and the Unsolicited Offer.
Economically, the consideration offered under the terms of the Unsolicited Offer was higher than that contractually agreed between the Company and the Purchaser under the Agreement.
The Board concluded after its deliberations that any economic benefit to be gained by accepting the Unsolicited Offer would be outweighed by the legal and transactional risks associated with such acceptance.
Any Option remaining unexercised following the earlier of the withdrawal of an Unsolicited Offer and the expiry of such Unsolicited Offer in accordance with its terms again becomes subject to the original terms of the agreement relating to the grant of Options as if the Unsolicited Offer had not been made.8.4 The vested portion of Options will be exercisable, either all or in part, at any time after vesting.