Management Options

Management Options. Means this option and all similar options granted to the other Management Shareholders (as such term is defined in the Recapitalization Agreement), as the same may have been previously amended or may be amended hereafter.

Management Options. Means options to purchase (a) up to an aggregate of 12.5% of the shares of Common Stock of the Corporation as of the date hereof on a fully diluted basis issued to executives, consultants, employees and agents of the Corporation (including options issued to Robert DeCecco, Richard Diamond, Christopher Phillips and Stuart Rouse to acquire shares of Common Stock of the Corporation pursuant to their employment or consulting agreements, as the case may be, referenced in Section 2.4(b)(v) of the... Securities Purchase Agreement) and (b) shares of common stock of Designer Liquidator, Inc. and/or OmniResponse, Inc. issued to Robert DeCecco, Richard Diamond, Christopher Phillips and Stuart Rouse, as the case may be, granted pursuant to their employment or consulting agreements, as the case may be, referenced in Section 2.4(b)(v) of the Securities Purchase Agreement and provided that such options, by their terms: (a) vest two (2) years from the date of issue; and (b) become exercisable only after payment by the Corporation of the Special Preferred Distribution in full to holders of Series G Preferred Stock or as otherwise contemplated by the terms of the Certificate of Designation. View More