Option Determination Date definition
Examples of Option Determination Date in a sentence
Promptly after the Option Determination Date, the Depositary shall give the holders of such convertible securities, rights, options or warrants notice (a "Determination Date Notice") of the event giving rise to the Option Determination Date (i.e., the Option Closing or Option Expiration Date), which Determination Date Notice shall be in the form provided by the Company to the Depositary.
Promptly following the Option Determination Date, the Depositary shall mail notice thereof, postage prepaid, to the holders of record of the Depositary Shares at their respective addresses then appearing on the books of the Depositary, but neither failure to mail such notice nor any defect therein or in the mailing thereof shall affect the validity of any exercise of the Call Option or the rights of the holders of Depositary Shares to receive the Depositary Share Consideration.
The option will further be subject to the terms and conditions applicable to options under the Stock Plan in effect for the Company on the date of this Agreement as well as the applicable stock option agreement which will be provided to the Executive promptly following the Option Determination Date.
All Stock Options which shall no longer be eligible to vest as of the Stock Option Determination Date shall terminate as of the Stock Option Determination Date and shall under no circumstances become exercisable.
The option will further be subject to the terms and conditions applicable to options under the 2011 Plan in effect for the Company on the date of this Agreement as well as the applicable stock option award agreement which will be provided to the Executive promptly following the Option Determination Date.