Option Price means the price at which a Share may be purchased by a Participant pursuant to an Option.
Aggregate Option Exercise Price means, as of any date of determination, the sum of the exercise prices payable upon exercise in full of all Vested Options held by all Optionholders immediately prior to the Effective Time, based on the Estimated Merger Consideration or the Final Adjusted Merger Consideration, as applicable.
Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related 2023-1 Vehicle which amount equals (a) with respect to a Matured Vehicle, the Contract Residual Value plus any fees, taxes and other charges imposed in connection with such purchase and (b) with respect to a related 2023-1 Vehicle for which the related 2023-1 Lease has been terminated early by the Lessee, the sum of (i) any unpaid Monthly Payments due, (ii) any fees, taxes and other charges imposed in connection with the related 2023-1 Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.
Total Exercise Price shall have the meaning set forth in Section 4(a) hereof.
Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.
Option Share has the meaning ascribed to it in section "4.7" hereinbelow;
Exercise Price Per Share ; hereinafter "Exercise Price" means the exercise price with respect to all Shares acquired pursuant to each exercise of the Option).
Grant Amount or “Grant” means the total amount of financial assistance disbursed under this Agreement, which consists of the City's Amount and the Consultant’s Amount.
Grant Price means the price established at the time of grant of a SAR pursuant to Article 7, used to determine whether there is any payment due upon exercise of the SAR.
Warrant Exercise Price means $0.01 per share.
Price Per Share shall have the meaning ascribed to such term in Section 2.1.
Purchase Price Per Share means $0.01 per share, as may be adjusted from time to time in accordance with Section 5 or 6.
3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.
Call Option Date As defined in Section 10.01(a) hereof.
Top-Up Option has the meaning set forth in Section 1.04(a).
Daily Option Value For any Valid Day, an amount equal to (i) the Option Entitlement on such Valid Day, multiplied by (ii) (A) the lesser of the Relevant Price on such Valid Day and the Cap Price, less (B) the Strike Price on such Valid Day; provided that if the calculation contained in clause (ii) above results in a negative number, the Daily Option Value for such Valid Day shall be deemed to be zero. In no event will the Daily Option Value be less than zero.
Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.
Exercise Price means the initial exercise price or the adjusted exercise price, depending on the context.
Purchase Price Percentage has the meaning assigned to such term in the Pricing Side Letter.
Termination Price As defined in Section 9.01.
Initial Exercise Price shall have the meaning set forth in Section 2.4.1.
Vested Option means any Option, which has already been vested according to the Vesting Dates.
Aggregate Exercise Price means, in connection with the exercise of this Warrant at any time, an amount equal to the product obtained by multiplying (i) the Exercise Price times (ii) the number of shares of Common Stock for which this Warrant is being exercised at such time.
Share Value means $25.00 plus declared and unpaid dividends as at the date of the Trigger Event.
SAR Price means the exercise price or conversion price of each share of Common Stock covered by a SAR, determined on the Date of Grant of the SAR.
Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.