Assumed Option definition

Assumed Option has the meaning set forth in Section 1.6(d)(i).

Assumed Option has the meaning set forth in Section 3.3(a).

Assumed Option has the meaning set forth in Section 2.02(b).

Examples of Assumed Option in a sentence

• The Assumed Option Shares shall only be available for issuance upon exercise of an Option granted under the Prior Plans and assumed by this Plan and none of the Assumed Option Shares shall be available for grants of new Options or other Awards under this Plan, even if the assumed Options are forfeited, canceled or otherwise terminated without issuance of any shares of Common Stock.

• The grant date and the expiration date specified for each Assumed Option identified in attached Schedule A and all other provisions that govern either the exercise or the termination of the Assumed Option shall remain the same as set forth in the Option Agreement applicable to that option, and the provisions of the applicable Plan and the Option Agreement shall accordingly govern and control Optionee’s rights under this Agreement to purchase shares of Holdings Common Stock under the Assumed Option.

• Each Assumed Option shall continue to vest and become exercisable in accordance with the same installment exercise/vesting schedule in effect for that option immediately prior to the Effective Time under the applicable Option Agreement (including the related Notice of Grant), and no acceleration of such exercise/vesting schedule shall occur by reason of the Merger or the assumption of that option by Holdings.

• The provisions of Paragraph 1 are also intended to preserve on a per-share basis, immediately after the Merger, the same ratio of exercise price per option share to fair market value per share which existed under the Assumed Option immediately prior to the Merger.

• Accordingly, both the number of shares subject to each Assumed Option and the exercise price payable per share in effect for each Assumed Option immediately prior to the Effective Time shall remain the same immediately following the assumption of that option by Holdings pursuant to this Agreement, except that the shares of common stock purchasable under each Assumed Option shall be shares of Holdings Common Stock.

More Definitions of Assumed Option

Assumed Option means an option granted pursuant to the Prior Plan.

Assumed Option shall have the meaning specified in Section 2.6(a) hereof.

Assumed Option has the meaning given such term in Section 1.8(a) of this Agreement.

Assumed Option has the meaning ascribed thereto in Section 2.3(d);

Assumed Option has the meaning set forth in Section 7.16.

Assumed Option has the meaning set forth in Section 2.1(e)(iv)(A).

Assumed Option means a Nonstatutory Stock Option granted under the SA 2003 LTIP prior to the Effective Time and that is unexpired, unexercised and outstanding immediately prior to the Effective Time, whether vested or unvested, and assumed by the Plan. Assumed Options granted on or after the date of the Merger Agreement shall be adjusted if necessary to comply with the limitations set forth in Section 4.2(xii) of the Merger Agreement.