Old Stock Options definition

Old Stock Options means the options, outstanding immediately prior to the Petition Date, to purchase Old Common Stock.

Old Stock Options means any options, warrants or other rights to purchase Old Common Stock, whenever granted.

Old Stock Options means the outstanding options to purchase Old Common Stock, as of the Petition Date.

Examples of Old Stock Options in a sentence

• In connection with the foregoing, (i) the foregoing is intended to effect an assumption of the Old Stock Options by Parent under Section 424(a) of the Code and (ii) neither a Parent Stock Option nor the assumption of Old Stock Option shall give the holder of an Old Stock Option additional benefits which he did not have under such an Old Stock Option within the meaning of Section 424(a)(1) of the Code.

• Class 6 consists of all equity interests in Safety Components not otherwise classified in Classes 5 or 7, including, without limitation, the interests of holders of Old Stock Options and any and all Claims of the types asserted by any holder of an equity interest in Safety Components described in section 510(b) of the Bankruptcy Code.

• To the extent that amounts are so withheld by Parent, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of Company Common Stock and Old Stock Options in respect of which such deduction and withholding was made by Parent.

• For purposes of determining a Pro Rata allocation of consideration to members of this Class, the value of each share of Old Preferred Stock and Old Stock Options shall be zero ($0) dollars or such other amount that the Court shall determine.

• PHI Equity Securities Interests, including, but not limited to, the Old Common Stock, Old Stock Options and Old Preferred Stock, will be deemed liquidated and cancelled in the manner and upon the timing set forth in the Plan.

More Definitions of Old Stock Options

Old Stock Options means any options, warrants or other rights to purchase Old Capital Stock, whenever and by whomever granted.

Old Stock Options means the outstanding options to purchase Old Common Shares, as of the Petition Date.

Old Stock Options means each option to purchase Old Common Stock of AWI under the AWI stock plans that are outstanding immediately prior to the Confirmation Date.

Old Stock Options means the outstanding options to purchase Old Common Shares, or Old Preferred Shares, as of the Petition Date.

Old Stock Options means all unexercised rights of any kind to acquire any Old Common Stock of, or other Interest in, the Debtor that is not evidenced by an issued and outstanding share of Old Common Stock or other instrument evidencing a present ownership interest in the Debtor. "Old Stock Options" shall include all options, warrants, calls, subscriptions or other similar rights or other agreements, commitments, or obligations of the Debtor to issue, transfer, or sell any shares of capital stock, including Old Common Stock and preferred stock, of the Debtor.

Old Stock Options has the meaning set forth in Section 3.4(a).

Old Stock Options shall fully vest, and either be forfeited immediately prior to the Effective Time for no consideration or, if the holders thereof execute and deliver prior to the Effective Time an option cancellation agreement in form and substance reasonably satisfactory to Parent, cancelled in exchange for a payment to be made by Parent (or at the request of Parent, by Company) to any such holder promptly after the later of the Effective Time and Parent’s receipt of such holder’s option cancellation agreement and cancelled Old Stock Option, such payment to be in an amount equal to the Option Cancellation Amount. For purposes of this Agreement, the term “Option Cancellation Amount” shall mean, for an Old Stock Option, an amount equal to the product of (i) the number of shares of Company Common Stock covered by such Old Stock Option immediately prior to the Effective Time and (ii) the amount by which the Cash Consideration exceeds the exercise price of such Old Stock Option. With respect to each Old Stock Option the per share exercise price of which is greater than or equal to the Cash Consideration, the holder thereof shall not be entitled to receive the Option Cancellation Amount with respect to such Old Stock Option and, immediately prior to the Effective Time, such Old Stock Option shall be canceled without any payment made in exchange therefor. The Option Cancellation Amount shall be treated as compensation and shall be payable net of any applicable federal and state income and employment withholding Taxes.