Unvested Company Option definition

Unvested Company Option means any Company Option that is not a Vested Company Option.

Unvested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is not a Vested Company Option.

Unvested Company Option means any Company Option (or portion thereof) that is unvested immediately prior to the Effective Time, and does not vest as a result of the occurrence of the Merger at the Effective Time.

Examples of Unvested Company Option in a sentence

Notwithstanding anything to the contrary herein, Parent will not assume any Unvested Company Option or any Unvested Company RSU.
Following the Effective Time, each Converted Option shall continue to be governed by the same material terms and conditions, including the vesting schedule, as were applicable immediately prior to the Effective Time to the Unvested Company Option from which it was converted or for which it is a substitute, in all cases subject to restrictions related to the issuance of shares under applicable Law.
At the First Merger Effective Time, each Unvested Company Option held by a Continuing Employee shall be assumed by Parent as a Parent Option.
For the avoidance of doubt, any Unvested Company Option that has an exercise price per share of Company Common Stock that is greater than or equal to the Per Share Price will be cancelled at the Effective Time for no consideration or payment and without further action on the part of any Person.
Payment of the Unvested Option Consideration in respect of an Unvested Company Option shall be made, subject to such terms and conditions, on the vesting dates applicable to the Unvested Company Option as described in this clause (i) and in accordance with, and subject to the provisions of, clause (iii), and shall be further subject to all applicable deductions and withholdings required by Law to be withheld in respect of such payment.

Unvested Company Option means a Company Option that is not a Vested Company Option.

Unvested Company Option means any Company Option (or portion thereof) that is unvested as of immediately prior to the Closing and does not vest in connection with or as a result of the Closing.

Unvested Company Option shall have the meaning set forth in Section 2.1(b)(ii).

Unvested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is not a Vested CompanyOption.

Unvested Company Option means an outstanding and unexercised Company Option (or portion thereof) that is not a Vested Company Option.

Unvested Company Option means each Company Option (or portion thereof) that is outstanding and unvested as of immediately prior to the Effective Time and that has a per-share exercise price that is less than the Per Share Consideration Value.

Unvested Company Option means any Company Option, or portion thereof, that is not vested and exercisable immediately prior to the Effective Time and that will not become vested and exercisable immediately upon the Effective Time.