Underwater Options

Example Definitions of "Underwater Options"
Underwater Options. The outstanding Options granted by the Company to current and former employees, consultants, officers and directors of the Company to purchase up to an aggregate of 4,102,504 shares of Common Stock with exercise prices between $0.21 to $0.56, with a weighted-average price of $0.37, and expiring at various dates from September 27, 2011 to September 8, 2018
Underwater Options. For purposes of this Agreement, "Underwater Options" means stock options whose exercise price exceeds the fair market value of the optioned stock.
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