Conversion Options. An option or options to purchase Successor Equity, which option or options may be granted by the Successor to the Executive and are exercisable in full immediately following the Change in Control for an Aggregate Exercise Price that does not exceed the Aggregate Exercise Price of the options to purchase common stock of the Corporation owned by the Executive on the date of the Change in Control and which options, if exercised by the Executive in full immediately following that Change in Control,... would provide for the ownership by the Executive of Successor Equity that, immediately following the acquisition of that Successor Equity by the Executive, may be sold by the Executive, free of any restrictions imposed on the sale of securities by the Securities Act of 1933, and which satisfy the requirements of Regulation §1.409A-1(b)(5)(v)(D) so that the exchange of options to purchase stock of the Corporation for Conversion Options will not be treated as the grant of a new stock right or change in the form of payment for purposes of said Regulation. Under no circumstances is the Executive required to accept a grant of Conversion Options from the Successor.View More
Conversion Options. An (f) "Conversion Options" means, an option or options to purchase Successor Equity, Equity in the Successor which option or options may be granted by the Successor to the Executive and are exercisable in full full, immediately following the Change in Control for an Aggregate Exercise Price that which does not exceed the Aggregate Exercise Price of the options to purchase common stock of the Corporation Company which were owned by the Executive on the date of the Change in Control occurs and... which options, if exercised by the Executive in full full, immediately following that the occurrence of a Change in Control, Control would provide for the ownership by the Executive of Successor Equity that, which, immediately following the acquisition of that such Successor Equity by the Executive, may be sold by the Executive, free of any restrictions imposed on the sale of securities by the Securities Act of 1933, and for a price which satisfy exceeds the requirements of Regulation §1.409A-1(b)(5)(v)(D) so that the exchange of options to purchase stock Aggregate Exercise Price of the Corporation for Conversion Options will such options by an amount which is not less than the amount of the Built In Gain. Nothing contained in this Agreement shall be treated as the grant of a new stock right deemed or change in the form of payment for purposes of said Regulation. Under no circumstances is construed to require the Executive required to accept a grant of Conversion Options from the Successor. View More
Conversion Options. An (g) "Conversion Options" means an option or options to purchase Successor Equity, which option or options may be granted by the Successor to the Executive and are exercisable in full immediately following the Change in Control for an Aggregate Exercise Price that does not exceed the Aggregate Exercise Price of the options to purchase common stock of the Corporation owned by the Executive on the date of the Change in Control and which options, if exercised by the Executive in full immediately... following that Change in Control, would provide for the ownership by the Executive of Successor Equity that, immediately following the acquisition of that Successor Equity by the Executive, may be sold by the Executive, free of any restrictions imposed on the sale of securities by the Securities Act of 1933, and which satisfy for a price that exceeds the requirements Aggregate Exercise Price of Regulation §1.409A-1(b)(5)(v)(D) so that those options by an amount not less than the exchange of options to purchase stock of the Corporation for Conversion Options will not be treated as the grant of a new stock right or change Built in the form of payment for purposes of said Regulation. Gain. Under no circumstances is the Executive required to accept a grant of Conversion Options from the Successor. View More
Conversion Options. Options that are granted to holders of options to purchase common stock of Voyager Learning Company that are converted into Options in accordance with Section 2.5 of the Merger Agreement
