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 a Company Option (or portion thereof) that is unvested as of immediately prior to the Effective Time.

Examples of Unvested Company Option in a sentence

• Following the Effective Time, no Unvested Company Option shall remain outstanding, and each former holder of an Unvested Company Option shall cease to have any rights with respect thereto, except for the right (if any) to receive the Converted Cash Award in exchange for such Unvested Company Option in accordance with this Section 2.8(c)(ii).

• 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.

• Except as otherwise provided in this Section 2.8, each such Converted Cash Award assumed and converted pursuant to this Section 2.8 will continue to have, and will be subject to, the same vesting terms and conditions (including acceleration provisions upon a qualifying termination of employment (if any)) as applied to the corresponding Unvested Company Option immediately prior to the Effective Time.

More Definitions of Unvested 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.

Unvested Company Option means a Company Option (or portion thereof) that is outstanding and unvested as of immediately prior to the Effective Time and 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 any Company Option (or portion thereof) that is unvested and outstanding immediately prior to the Effective Time.

Unvested Company Option means any 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.