Examples of Unvested Company Stock Option in a sentence
The lucrative payments to be received by the Company’s officers and directors are detailed in the excerpt from the Recommendation Statement below: Payments in Payments in Respect of Respect of Total Number of Vested Number of Unvested Company Vested Company Unvested Company Stock Option Company Stock Options Company Stock Options Payments Name of Executive Officer or Director Stock Options ($) Stock Options ($) ($) James F.
Each Assumed Option will be exercisable for that number of whole shares of Parent Common Stock equal to the product (rounded to the nearest whole share, or with respect to an Assumed Option that is intended to be an incentive stock option under Code Section 422, rounded down to the nearest whole share) of (1) the number of shares of Company Common Stock that were issuable upon exercise of such Unvested Company Stock Option immediately prior to the Effective Time, and (2) the Option Exchange Ratio.
As soon as practicable after the Effective Time, Parent shall deliver to each holder of an outstanding Unvested Company Stock Option an appropriate notice setting forth such holder's rights pursuant thereto and that such Company Stock Option shall continue in effect on the same terms and conditions (subject to the adjustments required by this Section 2.2.2 after giving effect to the Merger).
Each outstanding Company Stock Option that is either not vested or not exercisable at the Effective Time (“Unvested Company Stock Option”), shall be cancelled and rendered null and void, with no consideration of any kind payable to any Person with respect to such Unvested Company Stock Option.
Effective as of the Effective Time, each Unvested Company Stock Option will be assumed by Parent and converted into an option to purchase Parent Common Stock (each, an “Assumed Option”).