Replacement Option definition

Replacement Option means an Option that is granted when a Participant uses a Common Share held or to be acquired by the Participant to exercise an Option and/or to satisfy tax withholding requirements incident to the exercise of an Option.

Replacement Option has the meaning ascribed thereto in Section 2.2(c).

Replacement Option means an option or right to purchase Purchaser Shares granted by the Purchaser in exchange for (i) New Options on the basis set forth in Section 3.2(n)(vii); and/or (ii) if applicable, Floating Options on the basis set forth in Section 3.2(n)(x).

Examples of Replacement Option in a sentence

• This Replacement Option Switch Notice shall form part of the Agreement as of the date it becomes effective pursuant to Section12 (Notices) of the Agreement.

• This Agreement sets out four options for the definition of Initial S&P Rating Event, Subsequent S&P Rating Event and Credit Support Amount (in each case, being "Option 1", "Option 2", "Option 3" and "Option 4" respectively and each a "Replacement Option").

• As of the day that is the first Business Day after the day this notice becomes effective pursuant to Section12 (Notices) of the Agreement, Option [1/2/3/4] shall apply until the delivery of another Replacement Option Switch Notice.

• On or after 2014, the Replacement Option may be amended in accordance with this Part 5(g)(i)(a) (the "S&P Substitution Provisions").

• The exercise price under each Replacement Option will be equal to the exercise price at the Closing Time under the particular PlantX Option that was cancelled in consideration for such Replacement Option and the expiration date for each Replacement Option will be the same date as the expiration date of such PlantX Option.

More Definitions of Replacement Option

Replacement Option shall have the meaning ascribed thereto in Section 3.1(c);

Replacement Option has the meaning set forth in Section 4.06(a).

Replacement Option has the meaning set forth in Section 3.06.

Replacement Option has the meaning set out in the Plan of Arrangement;

Replacement Option has the meaning ascribed thereto in Section 1.01 of the Plan of Arrangement;

Replacement Option means a Non-Qualified Stock Option granted pursuant to Section 7.4 upon the exercise of a Stock Option granted pursuant to the Plan where the Option Price is paid with previously owned shares of Common Stock.

Replacement Option has the meaning ascribed thereto in Section 2.2(f);