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
Effective as of the Effective Time and without any action on the part of any holder of Company Options, (x) all Unvested Company Options (whether time and/or performance-based) which are outstanding as of immediately prior to the Effective Time shall fully vest and become exercisable, and become Vested Company Options, and (y) to the extent not exercised prior to the Effective Time, each Vested Company Option and each formerly Unvested Company Option shall be canceled at the Effective Time.
More Definitions of Unvested Company Option
Unvested Company Option means any Company Option (or portion thereof) that is not a Vested Company Option.
Unvested Company Option means any Company Option (or portion thereof) that is unvested and outstanding immediately prior to the Effective Time, after taking into account any Company Option (or portion thereof) that, as a result of the Merger, will accelerate in full and no longer be subject to any further vesting, right of repurchase, risk of forfeiture or other such conditions.
Unvested Company Option means any Company Option (or portion thereof) that is unvested and not cancelled as of immediately prior to the First Merger Effective Time.
Unvested Company Option shall have the meaning set forth in Section 1.6(e)(i).
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 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 means each Company Option outstanding as of immediately prior to the Effective Time that is not a Vested CompanyOption.