Out-of-the-Money Option definition

Out-of-the-Money Option means each Company Stock Option that has a per share exercise price that is equal to or greater than the Cash Amount.

Out-of-the-Money Option means an Existing Option that is not an In-the-money Option;

Out-of-the-Money Option. – means a call Option with an Exercise Price that exceeds the Market Price of the Underlying Interest or a put Option where the Exercise Price is less than the Market Price of the Underlying Interest.

Examples of Out-of-the-Money Option in a sentence

• At-the-Money or Out-of-the-Money Option Contracts are not subject to automatic Exercise and will expire worthless, unless Exercise is expressly requested.

• Example: In-the-Money Option ExpiryASX SPI 200 Index Futures Dec 4500 Call Official Expiry settlement level of the ASX SPI 200 Index Futures is 4,585 Option price settled at 85 Example: Out-of-the-Money Option ExpiryASX SPI 200 Index Futures Dec 4500 Call Official Expiry settlement level of the ASX SPI 200 Index Futures 4,400 Option price settles at 0.

• At the Effective Time, each Out-of-the-Money Option (whether vested or unvested) as of immediately prior to the Effective Time shall be cancelled without consideration payable therefor and shall be of no further force and effect.

• Out-of-the-Money Option The term "Out-of-the-Money Option" shall mean an Option which has a Strike Price that is higher (in the case of a Call Option) or lower (in the case of a Put Option) than the price of the Underlying Significant Price Discovery Contract for such Option on any day.

• Each Option that is outstanding but not vested or is an Out-of-the-Money Option shall in each case immediately prior to the Closing terminate and be forfeited for no consideration.

More Definitions of Out-of-the-Money Option

Out-of-the-Money Option is defined in Section 2.8(b) of the Agreement.

Out-of-the-Money Option means a Company Option that is unexpired, unexercised and outstanding immediately prior to the Effective Time and which has a per share exercise price for the Company Common Stock subject to such Company Option that is equal to or greater than the Price Per Share.

Out-of-the-Money Option means an Option having a per share exercise price equal to or greater than the Cash Per Fully-Diluted Common Share as of immediately prior to the Effective Time, as determined through an iterative mathematical process.

Out-of-the-Money Option means an Option which has a Strike Price that is higher or the same as (in the case of a call option) or lower or the same as (in the case of a put option) the price of the underlying futures contract for such Option.

Out-of-the-Money Option means an Option having a per share Common Stock exercise price equal to or greater than the Gross Per Common Share Merger Consideration.

Out-of-the-Money Option means each Company Stock Option for which the per share exercise price as of immediately prior to the Effective Time is equal to, or exceeds, the Company Stock Price.

Out-of-the-Money Option means each Company Option other than an In-the-Money-Option;