Option Cancellation Agreement definition

Option Cancellation Agreement has the meaning set forth in Section 1.9(a)(ii).

Option Cancellation Agreement means, with respect to an Optionholder, an option cancellation agreement in substantially the form attached hereto as Exhibit A.

Option Cancellation Agreement shall have the meaning set forth in Section 2.6.2(a).

Examples of Option Cancellation Agreement in a sentence

• Concurrent with the execution and delivery of this Agreement and as a material inducement to Buyer to enter into this Agreement, each Optionholder agrees to execute an Option Cancellation Agreement.

• Mineworx agrees that prior to November 30, 2015 it shall use all reasonable commercial efforts to obtain Option Cancellation Agreements, in a form satisfactory to Iberian, acting reasonably, from each holder of Mineworx Options, which Option Cancellation Agreement shall provide that all Mineworx Options held by such holder of Mineworx Options shall for nominal consideration be surrendered for cancellation prior to the Amalgamation.

• The Company shall use commercially reasonable efforts to provide, by no later than seven (7) Business Days prior to the Closing Date (unless such seven (7) Business Day period is waived or shortened by the Parent), to each Optionholder that has not delivered an Option Cancellation Agreement on the date hereof a form Option Cancellation Agreement and request that each such Optionholder execute such Option Cancellation Agreement at or prior to the Effective Time.

More Definitions of Option Cancellation Agreement

Option Cancellation Agreement has the meaning specified in Section 3.6.

Option Cancellation Agreement has the meaning set forth in Section 7(a) herein.

Option Cancellation Agreement means those option cancellation agreements entered into between the Company and holders of Company Options

Option Cancellation Agreement means the Option Cancellation Agreement, dated the date hereof, between the Company and the holders of the Company’s outstanding options to purchase shares of the Company’s Common Stock.

Option Cancellation Agreement has the meaning set forth in ss.5(n) below.

Option Cancellation Agreement means an agreement in form and substance satisfactory to the Company and Parent and executed by the holder of a Company Stock Option, pursuant to which agreement the Company Stock Option will be cancelled and surrendered in exchange for a right to receive cash consideration as provided in Section 2.1(a)(iii);

Option Cancellation Agreement means an agreement signed by a holder of Vested Options acknowledging cancellation of all Vested Options held by such holder and an agreement to be bound by the indemnification obligations set forth herein in form and substance to be mutually agreed by the Company and Parent (acting reasonably).