Substituted Parent Option definition

Substituted Parent Option. Is defined in Section 1.7.1(c)(iii).
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Substituted Parent Option has the meaning set forth in Section 1.2(d)(i).
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Substituted Parent Option has the meaning ascribed to it in Section 1.7(d).
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Examples of Substituted Parent Option in a sentence

  • The exercise price per share of Parent Common Stock under each Substituted Parent Option shall be determined by dividing (1) the exercise price per share of such Unvested In the Money Company Stock Option immediately prior to the Effective Time by (2) the Option Exchange Ratio, rounded up to the nearest whole cent.

  • Each Substituted Parent Option will vest on the same schedule (including any acceleration of vesting) applicable to the Unvested In the Money Company Stock Option, subject to continued status as a Continuing Employee.

  • If the foregoing calculation results in a Substituted Parent Option being exercisable for a fraction of a share of Parent Common Stock, then the number of shares of Parent Common Stock subject to such option will be rounded down to the nearest whole number of shares.

  • If the foregoing calculation results in a Substituted Parent Option being exercisable for a fraction of a Parent Common Share, then the number of Parent Common Shares subject to such option shall be rounded down to the nearest whole number of shares.

  • If the foregoing calculation results in a Substituted Parent Option being exercisable for a fraction of a share of Parent Common Stock, then the number of shares of Parent Common Stock subject to such Substituted Parent Option shall be rounded down to the nearest whole number of shares.

  • The Substituted Parent Options shall have the same vesting schedule as the Company Options and continuous employment with the Company shall be credited to each optionee for purposes of determining the number of shares of Parent Common Stock subject to exercise under such optionee's Substituted Parent Option after the Effective Time.

  • Following the Effective Time, the Company Options shall no longer be exercisable and shall entitle the Company Option holder only to the Option Cash Payment or the Substituted Parent Option Award, as applicable, which, in the case of the Option Cash Payment, shall be paid as of, or promptly following, the Effective Time (but in no event later than the fifth (5th) Business Day following the Closing Date) or, in the case of the Substituted Parent Option Award, shall be issued as of the Effective Time.

  • Notwithstanding the foregoing, this Section 9.5 shall not be construed to prohibit an action (i) for payment of Merger consideration by a Company Stockholder or holder of a Company Option or Substituted Parent Option that is unpaid at a time when Parent is then obligated to pay such amounts or (ii) to enforce the vesting and exercisability rights of a Terminated Company Employee with respect to his or her Unvested Substituted Parent Options, in each case, pursuant to Article I.

  • If the foregoing calculation results in a Substituted Parent Option being exercisable for a fraction of a share of Parent Common Stock, then the number of shares of Parent Common Stock subject to such option shall be rounded down to the nearest whole number of shares.

  • Each Substituted Parent Option shall be administered pursuant to the terms and conditions of the Microsoft 2001 Stock Plan.


More Definitions of Substituted Parent Option

Substituted Parent Option has the meaning assigned to such capitalized term in paragraph 3.4(a) of this Agreement.
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Related to Substituted Parent Option

  • Parent Option means any option to purchase Parent Common Stock which was granted pursuant to a Parent Option Plan.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • Parent Options means options or other rights to purchase shares of Parent Common Stock issued by Parent.

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • Surviving General Partner has the meaning set forth in Section 7.01(d) hereof.