StockOptionAgreement优先认股权协议7doc.docx
- 文档编号:4335044
- 上传时间:2022-11-29
- 格式:DOCX
- 页数:6
- 大小:20.31KB
StockOptionAgreement优先认股权协议7doc.docx
《StockOptionAgreement优先认股权协议7doc.docx》由会员分享,可在线阅读,更多相关《StockOptionAgreement优先认股权协议7doc.docx(6页珍藏版)》请在冰豆网上搜索。
StockOptionAgreement优先认股权协议7doc
StockOptionAgreement优先认股权协议-
WHEREAS,ParentandtheCompanyareconcurrentlywiththeexecutionanddeliveryofthisAgreemententeringintoanAgreementandPlanofMerger(theMergerAgreement)pursuanttowhich,amongotherthings,MergerSubsidiarywillmergewithandintotheCompanyonthetermsandsubjecttotheconditionsstatedtherein;andWHEREAS,inordertoinduceParenttoenterintotheMergerAgreementandasaconditionforParent’sagreeingsotodo,theCompanyhasgrantedtoParenttheStockOption(ashereinafterdefined),onthetermsandconditionssetforthherein;NOW,THEREFORE,inconsiderationofthemutualcovenantsandagreementssetforthhereinandintheMergerAgreement,andforothergoodandvaluableconsideration,theadequacyofwhichisherebyacknowledged,thepartiesheretoagreeasfollows:
Section1.Definitions.CapitalizedtermsusedandnotdefinedhereinhavetherespectivemeaningsassignedtothemintheMergerAgreement.Section2.GrantofStockOption.TheCompanyherebygrantstoParentanirrevocableoption(theStockOption)topurchase,onthetermsandsubjecttotheconditionshereof,for$,_________pershare(theExercisePrice)incash,upto_________fullypaidandnon-assessableshares(theOptionShares)oftheCompany’scommonstock,parvalue$,_________pershare(theCommonStock).TheExercisePriceandnumberofOptionSharesshallbesubjecttoadjustmentasprovidedinSection5below.Section3.ExerciseofStockOption.(a)Parentmay,subjecttotheprovisionsofthisSection3,exercisetheStockOption,inwholeorinpart,atanytimeorfromtimetotime,aftertheoccurrenceofaCompanyTriggerEvent(definedbelow)andpriortotheTerminationDate.TerminationDateshallmean,subjecttoSection9(a),theearliestof(i)theEffectiveTimeoftheMerger,(ii)120daysafterthedatefullpaymentcontemplatedbySection10.5(a)oftheMergerAgreementismadebytheCompanytoParentthereunder,(iii)thedateoftheterminationoftheMergerAgreementsolongas,inthecaseofthisclause(iii),noCompanyTriggerEventhasoccurredorcouldstilloccurpursuanttoSection10.5(a)oftheMergerAgreementor(iv)thefirstanniversaryofthedateofterminationoftheMergerAgreement.NotwithstandingtheoccurrenceoftheTerminationDate,ParentshallbeentitledtopurchaseOptionSharespursuanttoanyexerciseoftheStockOption,onthetermsandsubjecttotheconditionshereof,totheextentParentexercisedtheStockOptionpriortotheoccurrenceoftheTerminationDate.ACompanyTriggerEventshallmeananeventtheresultofwhichisthatthetotalfeeorfeesrequiredtobepaidbytheCompanytoParentpursuanttoSection10.5(a)oftheMergerAgreementisequalto$,_________million.(b)ParentmaypurchaseOptionSharespursuanttotheStockOptiononlyifallofthefollowingconditionsaresatisfied:
(i)nopreliminaryorpermanentinjunctionorotherorderissuedbyanyfederalorstatecourtofcompetentjurisdictionintheUnitedStatesshallbeineffectprohibitingdeliveryoftheOptionShares,(ii)anywaitingperiodapplicabletothepurchaseoftheOptionSharesundertheHSRActshallhaveexpiredorbeenterminated,and(iii)anypriornotificationtoorapprovalofanyotherregulatoryauthorityintheUnitedStatesorelsewhererequiredinconnectionwithsuchpurchaseshallhavebeenmadeorobtained,otherthanthosewhichifnotmadeorobtainedwouldnotreasonablybeexpectedtoresultinasignificantdetrimenttotheCompanyanditsSubsidiaries,takenasawhole.(c)IfParentshallbeentitledtoandwishestoexercisetheStockOption,itshalldosobygivingtheCompanywrittennotice(theStockExerciseNotice)tosucheffect,specifyingthenumberofOptionSharestobepurchasedandaplaceandclosingdatenotearlierthanthreebusinessdaysnorlaterthan10businessdaysfromthedateofsuchStockExerciseNotice.IftheclosingcannotbeconsummatedonsuchdatebecauseanyconditiontothepurchaseofOptionSharessetforthinSection3(b)hasnotbeensatisfiedorasaresultofanyrestrictionarisingunderanyapplicablelaworregulation,theclosingshalloccurfivedays(orsuchearliertimeasParentmayspecify)aftersatisfactionofallsuchconditionsandthecessationofallsuchrestrictions.(d)SolongastheStockOptionisexercisablepursuanttothetermsofSection3(a),ParentmayelecttosendawrittennoticetotheCompany(theCashExerciseNotice)specifyingadatenotlaterthan20businessdaysandnotearlierthan5businessdaysfollowingthedatesuchnoticeisgivenonwhichdatetheCompanyshallpaytoParentinexchangeforthecancellationoftherelevantportionoftheStockOptionanamountincashequaltotheSpread(ashereinafterdefined)multipliedbyallorsuchrelevantportionoftheOptionSharessubjecttotheStockOptionasParentshallspecify.Asusedherein,Spreadshallmeantheexcess,ifany,overtheExercisePriceofthehigherof(x)ifapplicable,thehighestpricepershareofCommonStockpaidorproposedtobepaidbyanyPersonpursuanttoanyAcquisitionProposalrelatingtoParent(theProposedAlternativeTransactionPrice)or(y)theaverageoftheclosingpricesofthesharesofCommonStockontheprincipalsecuritiesexchangeorquotationsystemonwhichtheCommonStockisthenlistedortradedasreportedinTheWallStreetJournal(butsubjecttocorrectionfortypographicalorothermanifesterrorsinsuchreporting)forthefiveconsecutivetradingdaysimmediatelyprecedingthedateonwhichtheCashExerciseNoticeisgiven(theAverageMarketPrice).IftheProposedAlternativeTransactionPriceincludesanypropertyotherthancash,theProposedAlternativeTransactionPriceshallbethesumof(i)thefixedcashamount,ifany,includedintheProposedAlternativeTransactionPriceplus(ii)thefairmarketvalueofsuchotherproperty.Ifsuchotherpropertyconsistsofsecuritieswithanexistingpublictradingmarket,theaverageoftheclosingprices(ortheaverageoftheclosingbidandaskedpricesifclosingpricesareunavailable)forsuchsecuritiesintheirprincipalpublictradingmarketonthefivetradingdaysendingfivedayspriortothedateonwhichtheCashExerciseNoticeisgivenshallbedeemedtoequalthefairmarketvalueofsuchproperty.Ifsuchotherpropertyincludesanythingotherthancashorsecuritieswithanexistingpublictradingmarket,theProposedAlternativeTransactionPriceshallbedeemedtoequaltheAverageMarketPrice.UponexerciseofitsrightpursuanttothisSection3(d)andthereceiptbyParentoftheapplicablecashamountwithrespecttotheOptionSharesortheapplicableportionthereof,theobligationsoftheCompanytodeliverOptionSharespursuanttoSection3(e)shallbeterminatedwithrespecttothenumberofOptionSharesspecifiedintheCashExerciseNotice.TheSpreadshallbeappropriatelyadjusted,ifapplicable,togiveeffecttoSection5.(e)(i)AtanyclosingpursuanttoSection3(c)hereof,ParentshallmakepaymenttotheCompanyoftheaggregatepurchasepricefortheOptionSharestobepurchasedandtheCompanyshalldelivertoParentacertificaterepresentingthepurchasedOptionShares,registeredinthenameofParentoritsdesigneeand(ii)atanyclosingpursuanttoSection3(d)hereof,theCompanywilldelivertoParentcashinanamountdeterminedpursuanttoSection3(d)hereof.AnypaymentmadebyParenttotheCompany,orbytheCompanytoParent,pursuanttothisAgreementshallbemadebywiretransferofimmediatelyavailablefundstoabankdesignatedbythepartyreceivingsuchfunds,providedthatthefailureorrefusalbytheCompanytodesignatesuchabankaccountshallnotprecludeParentfromexercisingtheStockOption.IfatthetimeoftheissuanceofOptionsSharespursuanttotheexerciseoftheStockOption,CompanyRightsoranysimilarsecuritiesareoutstanding,thentheOptionSharesissuedpursuanttosuchexerciseshallbeaccompaniedbycorrespondingCompanyRightsorsuchsimilarsecurities.(f)CertificatesforCommonStockdeliveredattheclosingdescribedinSection3(c)hereofshallbeendorsedwitharestrictivelegendwhichshallreadsubstantiallyasfollows:
ThetransferofthesharesrepresentedbythiscertificateissubjecttoresalerestrictionsarisingundertheSecuritiesActof1933,asamended.Itisunderstoodandagreedthattheabovelegendshallberemovedbydeliveryofsubstitutecertificate(s)withoutthisreference(i)ifParentshallhavedeliveredtotheCompanyacopyofano-actionletterfromthestaffoftheSecuritiesandExchangeCommission,orawrittenopinionofcounsel,informandsubstancereasonablysatisfactorytotheCompany,totheeffectthatsuchlegendisnotrequiredforpurposesof,orresalemaybeeffectedpursuanttoanexemptionfromregistrationunder,theSecuritiesActor(ii)inconnectionwithanysaleregisteredundertheSecuritiesAct.Inaddition,thesecertificatesshallbearanyotherlegendasmayberequiredbyapplicablelaw.Section4.RepresentationsofParent.ParentherebyrepresentsandwarrantstotheCompanythatanyOptionSharesacquiredbyParentupontheexerciseoftheStockOptionwillnotbe,andtheStockOptionisnotbeing,acquiredbyParentwiththeintentionofmakingapublicdistributionthereof,otherthanpursuanttoaneffectiveregistrationstatementundertheSecuritiesActorotherwiseincompliancewiththeSecuritiesAct.Section5.AdjustmentuponChangesinCapitalizationorMerger.(a)IntheeventofanychangeintheoutstandingsharesofCommonStockbyreasonofastockdividend,stocksplit,reversestocksplit,s
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- StockOptionAgreement 优先 股权 协议 doc
![提示](https://static.bdocx.com/images/bang_tan.gif)