Exercise Price per Share. The exercise price of the Grant shall be the greater of (i) the closing price of the Company’s Common Shares on the Grant Date or (ii) the trailing thirty (30) day volume weighted average price of the Company’s Common Shares determined as of the Grant Date.
Appears in 2 contracts
Samples: Option Grant Agreement (Purple Innovation, Inc.), Option Grant Agreement (Purple Innovation, Inc.)
Exercise Price per Share. The exercise price of the Grant shall be the greater of (i) the closing price of the Company’s Common Shares on the Grant Date $6.82 or (ii) the trailing thirty (30) day volume weighted average price of the Company’s Common Shares determined as of the Grant Date.
Appears in 2 contracts
Samples: Equity Incentive Plan (Purple Innovation, Inc.), 2017 Equity Incentive Plan (Purple Innovation, Inc.)
Exercise Price per Share. The exercise price of the Grant shall be the greater of (i) the closing price of the Company’s Common Shares on the Grant Date or (ii) the trailing thirty (30) 30)-trading day volume weighted average price of the Company’s Common Shares determined as of the Grant Date.
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