Option Cancellation Payment means, with respect to each Option, an amount equal to the product of (i) the number of shares of Common Stock subject to such Option, multiplied by (ii) (x) the Common Stock Consideration, minus (y) the per share exercise price of the Option.
Option Cancellation Payment has the meaning set forth in Section 2.3.
Option Cancellation Payment has the meaning set forth in Section 2(f)(i) below.
Examples of Option Cancellation Payment in a sentence
The Financing is adequate to pay in full in cash (a) the aggregate Merger Consideration and the aggregate Option Cancellation Payment (in each case in accordance with the terms of this Agreement), (b) all fees and expenses of Parent and Merger Sub associated with the transactions contemplated hereby and (c) any other payments necessary to consummate the transactions contemplated hereby, and to refinance the existing indebtedness of the Company disclosed in the Disclosure Schedules.
More Definitions of Option Cancellation Payment
Option Cancellation Payment has the meaning set forth in Section 1.5(a).
Option Cancellation Payment shall have the meaning given that term in Section 2.5.
Option Cancellation Payment means the Per Option Cancellation Payments multiplied by the aggregate number of vested shares of Common Stock subject to all outstanding Options immediately prior to their cancellation pursuant to Section 2.6(d).
Option Cancellation Payment the collective reference to the payments made or to be made by the Option Cancellation Payors to the Option Holders, whether in the form of (i) a direct payment to the Option Holders or (ii) loans, capital contributions or other transfers of funds to other Option Cancellation Payors, the proceeds of which are subsequently paid to the Option Holders, in consideration for the cancellation of such Option Holders’ options in connection with the Transactions, in an aggregate amount that, when taken together with the aggregate amount used to finance the Share Purchase, shall not exceed $75,000,000.
Option Cancellation Payment means the option cancellation payment payable to each Other Option Holder as set forth on Schedule X.
Option Cancellation Payment means the cash payment which certain Participants will become entitled to receive on the closing of a Change in Control, under the terms of the agreements pursuant to which such Change in Control is consummated, in consideration of the cancellation of certain stock options they hold in the Company."
Option Cancellation Payment means the aggregate amount of all payments to the Optionholders in the amounts set forth opposite each Optionholders name on Schedule 4.7(g).