Class A Options definition
Examples of Class A Options in a sentence
The Class C Options, together with the Class B Options and the Class A Options are collectively referred to herein as the "Options".
The Management Company will at all times reserve and keep available a sufficient number of authorized but unissued shares of Class A Common Stock to permit the conversion of the outstanding shares of Class B Common Stock, Membership Units, and shares of convertible Preferred Stock and the exercise of any outstanding Class A Options.
At the Effective Time, the TopCo 2011 Stock Option Plan and each option agreement associated therewith and all Class A Options shall, pursuant to actions taken by the TopCo Board under the TopCo 2011 Stock Option Plan, be terminated in all respects and shall be of no further force or effect.
Following the Effective Time, each Class A Optionholder shall cease to have any rights with respect to his or her Class A Options, except the right to receive the applicable Class A Option Merger Consideration for each Class A Option to be paid hereunder.
The Class B Options, together with the Class A Options are collectively referred to herein as the "Options".
The foregoing initial grant of Stock Options shall consist of Class A Options to purchase 110,000 shares of Common Stock and Class B Options to purchase 63,200 shares of Common Stock (each as defined in and subject to the Employee's Stock Option Agreement and Grant (the "Grant") and the Company's 2001 Stock Option Plan, as amended in effect from time to time (the "Stock Option Plan").
The foregoing initial grant of Stock Options shall consist of Class A Options to purchase 45,000 shares of Common Stock and Class B Options to purchase 30,000 shares of Common Stock (each as defined in and subject to the Employee's Stock Option Agreement and Grant (the "Grant") and the Company's 2001 Stock Option Plan, as amended in effect from time to time (the "Stock Option Plan").
Aurum will also make off-market takeover bids for the Class A Options on issue (being those Options with an exercise price of $0.05 and an expiry date of 30 June 2025) and the Class B Options (being those Options with an exercise price of $0.02 and an expiry date of 31 January 2025).
As of the date hereof, (i) up to 3,410,300 shares of Class A Common are reserved for issuance upon exercise of all outstanding Class A Options, (ii) 14,039,839 shares of Class A Common are reserved for issuance upon the conversion of Class B Common, (iii) 16,730 shares of Class L Common are reserved for issuance upon exercise of all outstanding Class L Options; and (iv) 1,612,057 shares of Class L Common are reserved for conversion of Class M Common.
For the avoidance of doubt, the Company hereby acknowledges that it is not altering the vesting period or vesting schedule with respect to the Additional Class A Options from that set forth in Section 9 of the Plan and that the Additional Class A Options shall vest over a three year period beginning on the date hereof (subject to Sections 9(d) and 9(e) of the Plan).