Stock Option Closing Clause Samples

Stock Option Closing. At the Stock Option Closing, the Shareholder will deliver to Purchaser a certificate or certificates evidencing the Shares owned by Shareholder, each such certificate being duly endorsed in blank and accompanied by such stock powers and such other documents as may be necessary in Purchaser's judgment to transfer record ownership of the Shares into Purchaser's name on the stock transfer books of the Company, and Purchaser will purchase the delivered Shares at the Offer Price. All payments made by Purchaser to Shareholder pursuant to this Section 1.7 shall be made by wire transfer of immediately available funds or by certified bank check payable to Shareholder, in an amount equal to the product of (a) the Offer Price and (b) the Shares delivered by Shareholder in respect of the Stock Option Closing.
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Stock Option Closing. At the Stock Option Closing, the Stockholders will deliver to Investor a certificate or certificates evidencing all of the Shares, each such certificate being duly endorsed in blank and accompanied by such stock powers and such other documents as may be necessary in Investor's judgment to transfer record ownership of the Shares into Investor's name on the stock transfer books of the Company and Investor will purchase the delivered Shares at a purchase price equal to $16.00 per share of Common Stock. All payments made by Investor to Stockholders pursuant to this Section 1.4 shall be made by wire transfer of immediately available funds to an account designated by the Stockholders or by certified bank check payable to the Stockholders, in an amount equal to the sum of the product of (a) $16.00 and (b) the total number of shares of Common Stock delivered at the Stock Option Closing.
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Stock Option Closing. At the Stock Option Closing, each Stockholder will deliver to Optionee a certificate or certificates evidencing the number of Shares owned by such Stockholder, each such certificate being duly endorsed in blank and accompanied by such stock powers and such other documents as may be necessary in Optionee's judgment to transfer record ownership of the Shares into Optionee's name on the stock transfer books of the Company, and Optionee will purchase the delivered Shares at the Offer Price. With respect to the payment to be made from the Optionee to each Stockholder pursuant to this Section 2.4, such payment shall be made by wire transfer of immediately available funds or by certified bank check payable to such Stockholder, in an amount for such Stockholder equal to the product of (a) the Offer Price and (b) the number of Shares delivered by such Stockholder in respect of the Stock Option Closing.
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Stock Option Closing. The Stock Option Closing shall take place at the offices of the Investor at the address specified in Section 9(g). At each Stock Option Closing, the Investor shall pay to the Company the aggregate purchase price (based on the then-applicable Option Price) for the Option Shares purchased pursuant to the exercise of any such portion of the Stock Option by wire transfer of immediately available funds to the account of the Company set forth on Schedule 1.2 of the Transaction Agreement and the Company shall simultaneously deliver to the Investor a certificate or certificates representing the number of Option Shares purchased by the Investor. Upon tendering the applicable purchase price in immediately available funds, the Investor shall be deemed to be the holder of record of the Option Shares issuable upon such exercise, notwithstanding that the stock transfer books of the Company shall then be closed or that certificates representing such Option Shares shall not then be actually delivered to the Investor. The Company shall pay all expenses, and any and all United States federal, state and local taxes and other charges that may be payable in connection with the preparation, issuance and delivery of stock certificates under this Section 2 in the name of the Investor or its assignee, transferee or designee as provided herein.
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Stock Option Closing. (a) The closing of the purchase of the Stock -------------------- Option Shares (the "Stock Option Closing") shall take place at 10:00 a.m., New -------------------- York City time at the offices of Debevoise & ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ on the date specified by Lender in the Stock Option Notice (or such other date upon which the parties hereto may mutually agree) (the "Stock Option Closing Date"). -------------------------- (b) At the Stock Option Closing: (1) the Borrower shall issue and deliver or cause to be delivered to the Lender or its designee the Stock Option Shares in the form of a stock certificate or certificates therefor in good form for delivery and free and clear of all Liens, registered in the name of the Lender or its designee; and (2) the Lender shall (A) deliver or cause to be delivered to the - Borrower such instruments, in form and substance reasonably satisfactory to the Borrower, as are necessary or appropriate in the reasonable judgment of the Borrower to effect the cancellation of the Outstanding Note Obligations in an aggregate amount up to the Stock Option Consideration and (B) deliver or cause to be delivered the excess of the - Stock Option Amount over such Outstanding Note Obligations, if any, in immediately available funds by wire transfer to the account of the Borrower specified in subsection 11.11.
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Stock Option Closing. At the Stock Option Closing, each Stockholder will deliver to Buyer a certificate or certificates evidencing the number of Stockholder Shares owned by such Stockholder, each such certificate being duly endorsed in
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Related to Stock Option Closing

  • Option Closing To the extent the Option is exercised, delivery of the Option Securities against payment by the Underwriters (in the manner and at the location specified above) shall take place at the time and date (which may be the Closing Date, but not earlier than the Closing Date) specified in the Option Notice.

  • The Optional Shares; Option Closing Date In addition, on the basis of the representations, warranties and agreements herein contained, and upon the terms but subject to the conditions herein set forth, the Company hereby grants an option to the several Underwriters to purchase, severally and not jointly, up to an aggregate of [•] Optional Shares from the Company at the purchase price per share to be paid by the Underwriters for the Firm Shares. The option granted hereunder may be exercised at any time and from time to time in whole or in part upon notice by the Representatives to the Company, which notice may be given at any time within 30 days from the date of this Agreement. Such notice shall set forth (i) the aggregate number of Optional Shares as to which the Underwriters are exercising the option and (ii) the time, date and place at which the Optional Shares will be delivered (which time and date may be simultaneous with, but not earlier than, the First Closing Date; and in the event that such time and date are simultaneous with the First Closing Date, the term “First Closing Date” shall refer to the time and date of delivery of the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” and shall be determined by the Representatives and shall not be earlier than two or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Stock Option Plans Each stock option granted by the Company under the Company’s stock option plan was granted (i) in accordance with the terms of the Company’s stock option plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s stock option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Nonstatutory Stock Option If the Grant Notice so designates, this Option is intended to be a Nonstatutory Stock Option and shall not be treated as an Incentive Stock Option within the meaning of Section 422(b) of the Code.

  • Stock Option Plan The Executive shall be eligible to participate in the Company's Stock Option Plan in accordance with the terms and conditions thereof.