Grant of New Option. Subject to the terms and conditions set forth herein and in the Plan and the Option Exchange Documents, and pursuant to the Optionee’s election to exchange the Eligible Option with Grant ID XXXXX pursuant to the Exchange Offer, the Company hereby cancels Optionee’s Eligible Option with Grant ID XXXXX and grants to Optionee in exchange the right and option (“the New Option”) to purchase all or any part of an aggregate of shares (the “Shares”) of the common stock, par value $0.01 per share (the “Common Stock”), of the Company at the price of $ per Share. The New Option is not intended to qualify as an incentive stock option within the meaning of Section 422A of the Internal Revenue Code of 1986, as amended (the “Code”).
Grant of New Option. 1.1 The Acquiring Company grants the New Option under the terms of the Plan so that the Optionholder has an option to acquire the number of ordinary shares in the Acquiring Company at the Exercise Price as is set out in Schedule 2.
1.2 Subject to clause 1.1, the Acquiring Company and the Optionholder agree that the terms and conditions of the New Option are the same as the terms and conditions for the Old Option and that the Option Agreement for the Old Option shall be referred to for such details.
1.3 The New Option is granted and exercisable subject to the terms and conditions set out in the rules of the Plan, save that all references to the Company in the rules of the Plan shall be read and construed as references to the Acquiring Company. Exercise of the New Option shall be conditional upon the Optionholder making good any tax liability (including employer’s national insurance contributions) in relation to the New Option in accordance with rule 7 of the Plan.
1.4 The New Option may not be exercised later than the day before the tenth anniversary of the Date of Grant of the Old Option.
Grant of New Option. A New Option may only be granted:
(a) if the total Market Value of the Shares which were subject to the Old Option immediately before it is released is materially the same as the total Market Value of the shares subject to the New Option immediately after it is granted; and
(b) if the total amount payable by the Optionholder to acquire all the shares subject to the New Option is materially the same as the total Exercise Price that would have been paid to acquire all the Shares subject to the Old Option.
Grant of New Option. 1.1 The Acquiring Company grants the New Option under the terms of the Plan so that the Optionholder has an option to acquire the number of ordinary shares in the Acquiring Company at the Exercise Price as is set out in Schedule 2.
1.2 Subject to clause 1.1, the Acquiring Company and the Optionholder agree that the terms and conditions of the New Option are the same as the terms and conditions for the Old Option and that the Option Agreement for the Old Option shall be referred to for such details.
1.3 The New Option is granted and exercisable subject to the terms and conditions set out in the rules of the Plan, save that all references to the Company in the rules of the Plan shall be read and construed as references to the Acquiring Company. Exercise of the New Option shall be conditional upon the Optionholder making good any tax liability (including employer’s national insurance contributions) in relation to the New Option in accordance with rule 7 of the Plan.
1.4 The Optionholder confirms that he/she understands that the New Option will be taxed as an unapproved option rather than an EMI option.
1.5 The New Option may not be exercised later than the tenth anniversary of the Date of Grant of the Old Option.
Grant of New Option. 1.1 The Buyer hereby grants to the Option Holder a New Option under the terms of the Plan (and under Schedule 5 of ITEPA) so that the Option Holder has an option to acquire the number of shares in the Buyer at the option price per share as is set out in Part B of the Schedule to this Agreement.
2.2 The New Option shall be governed by the rules of the Plan with references in those rules to "the Company" being to the Buyer.
1.3 For the avoidance of doubt, the New Option shall not be exercisable later than the tenth anniversary of the Date of Grant of the Old Option, pursuant to the terms and conditions set forth in the form of Notice of Exercise attached hereto as Exhibit B.
Grant of New Option. 1.1 The Buyer hereby grants to the Option Holder a New Option under the terms of the Plan so that the Option Holder has an option to acquire the number of shares in the Buyer at the option price per share as is set out in Part B of the Schedule to this Agreement.
2.2 The New Option shall be governed by the rules of the Plan with references in those rules to "the Company" being to the Buyer.
1.3 For the avoidance of doubt, the New Option shall not be exercisable later than the tenth anniversary of the Date of Grant of the Old Option, pursuant to the terms and conditions set forth in the form of Notice of Exercise attached hereto as Exhibit B.
Grant of New Option. The Company hereby grants and issues to the Optionee the Company Special Voting Stock and the New Option to purchase all or any part of the Shares set forth in the Grant Notice pursuant to which this Appendix is attached, upon the terms and conditions set forth in the Plan and this Agreement and in exchange for Old Rights and BAH Class B Common Shares held by the Optionee.
Grant of New Option. LGI hereby grants an option (the "New Option") to RS to purchase up to 115,200 LGI Shares at any time or from time to time during the period commencing upon the termination of the Current Option, which will occur on June 26, 2008 and ending on the two-year anniversary of the Separation Date; provided, however, that if the Current Option has been exercised in whole or in part prior to its termination, then the number of LGI Shares subject to the New Option (the "New Option Shares") shall automatically be reduced by the number of LGI Shares acquired through the exercise of the Current Option. To the extent that the New Option has not been duly and validly exercised by the two-year anniversary of the Separation Date, the New Option shall expire and be null and void.
Grant of New Option. Holdings grants to the Employee an option (the "Option") to purchase _______ shares of Common Stock at $______ per share effective as of April 20, 2000. The Option shall expire on December 31, 2000 unless on or before such date (a) the Employee executes this Agreement and Consent and (b) there is an initial public offering of Common Stock. If both (a) and (b) occur on or before December 31, 2000, the Option shall expire at 12:00 midnight on April 19, 2010, unless sooner terminated under the provisions hereof. This Option is granted under the Plan, as amended April 20, 2000, a copy of which is attached hereto as Exhibit "A" and is incorporated herein by reference, and shall constitute an Incentive Stock Option under Section 422 of the Internal Revenue Code of 1986, as amended, (the "Code") to the extent permissible under Section 422(d) of the Code, and otherwise shall be a Non-qualified Stock Option. All capitalized terms not otherwise defined in this Agreement and Consent shall have the respective meaning of such terms as defined in the Plan.
Grant of New Option. The Company shall grant to the Optionee 467,242 stock options under the Company’s 2006 Stock Plan by entering into a Stock Option Agreement that is substantially in the form of Exhibit A hereto.
