Option Exercises. The exercise price per share of Chemical Common Stock under each Unexercised Option shall be equal to the exercise price per share of the O.A.K. Common Stock that was purchasable under any such Unexercised Option divided by the Merger Consideration (rounded to the nearest whole cent).
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Sources: Merger Agreement (O a K Financial Corp), Merger Agreement (Chemical Financial Corp)
Option Exercises. The exercise price per share of Chemical Common Stock under each Unexercised Option shall be equal to the exercise price per share of the O.A.K. Shoreline Common Stock that was purchasable under any such Unexercised Option that option divided by the Merger Consideration Exchange Ratio (rounded to the nearest whole cent).
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