Vested Cigna Stock Option Consideration definition

Vested Cigna Stock Option Consideration means, for any Vested Cigna Stock Option, (1) an amount of cash equal to the product of (A) the Spread Value of such Vested Cigna Stock Option multiplied by (B) the Cash Percentage multiplied by (C) the number of shares of Cigna Common Stock subject to such Vested Cigna Stock Option, and (2) a number of vested shares of Anthem Common Stock equal to the quotient of (A) the product of (x) the Spread Value of such Vested Cigna Stock Option multiplied by (y) the Stock Percentage multiplied by (z) the number of shares of Cigna Common Stock subject to such Vested Cigna Stock Option divided by (B) the Anthem Stock Value; provided, that any fractional share of Anthem Common Stock resulting from such quotient shall instead be paid in cash pursuant to clause (1) above in an amount equal to the product of (x) such fraction multiplied by (y) the Anthem Stock Value.
Sample 1Sample 2

Examples of Vested Cigna Stock Option Consideration in a sentence

  • Cigna shall take all actions necessary to ensure that from and after the Effective Time neither Anthem nor the Surviving Entity will be required to deliver shares of Anthem Common Stock or other capital stock of the Surviving Entity to any Person pursuant to or in settlement of any Vested Cigna Stock Option after the Effective Time, other than in connection with the payment of the applicable Vested Cigna Stock Option Consideration in accordance with Section 1.11(g).

Related to Vested Cigna Stock Option Consideration

  • Option Consideration has the meaning set forth in Section 3.3(a).

  • Company Stock Option means each option to purchase shares of Company Common Stock outstanding under the Company Stock Plans.

  • Company Stock Options means issued and outstanding options to acquire Company Common Stock which were granted under the Company Stock Option Plans.

  • Company Stock Option Plans means the 1996 Equity Incentive Plan, 1998 Stock Option Plan for Non-Employee Directors and 1999 Employee Stock Option Plan.

  • Company Stock Option Plan means the Company's 1999 Stock Option Plan.

  • Parent Stock Option means any option to purchase Parent Common Stock.

  • Common Stock Consideration has the meaning set forth in Section 1.6(b).

  • Per Share Stock Consideration has the meaning set forth in Section 3.01(a)(i).

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).

  • Aggregate Stock Consideration means a number of shares of Acquiror Common Stock equal to the quotient obtained by dividing (i) (x) the Base Purchase Price less (y) the Aggregate Cash Consideration, by (ii) $10.00.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Director Option means an Option granted pursuant to Section 6.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

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

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Company Stock Plan means any stock option plan or other stock or equity-related plan of the Company.

  • Stock Consideration has the meaning set forth in Section 2.01(c).

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Company Stock Account means the account established and maintained in the name of each Participant or Beneficiary to reflect his share of the Trust Fund invested in Company Stock.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Rollover Options has the meaning provided in Subsection 3.1(h).

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.

  • Deferred Consideration shall have the meaning ascribed to such term in Section 4(d).