Reload Options. The Committee shall have the authority to specify at the time of Grant that an optionee shall be granted the right to a further Non-Qualified Stock Option (a "Reload Option") in the event such optionee exercises all or a part of an Option, including a Reload Option (an "Original Option"), by surrendering in accordance with Section 8.2 hereof already owned shares of Common Stock in full or partial payment of the Option Price under such Original Option. Each Reload Option shall be granted on the date of exercise of the Original Option, shall cover a number of shares of Common Stock not exceeding the whole number of shares of Common Stock surrendered in payment of the Option Price under such Original Option, shall have an Option Price equal to the Fair Market Value on the date of Grant of such Reload Option, shall expire on the stated expiration date of the Original Option and shall be subject to such other terms and conditions as the Committee may determine.
Reload Options. The Committee shall have the authority to specify at the time of grant that a Participant shall be granted another Option (a "Reload Option") in the event such Participant exercises all or part of a Nonstatutory Option (an "Original Option") by surrendering in accordance with Section 6.08 hereof already owned shares of Common Stock in full or partial payment of the exercise price under such Original Option, subject to the availability of shares of Common Stock under the Plan at the time of exercise. Each Reload Option shall cover a number of shares of Common Stock equal to the number of shares of Common Stock surrendered in payment of the exercise price, shall have an exercise price per share of Common Stock equal to the Fair Market Value of the Common Stock on the date of grant of such Reload Option and shall expire on the stated expiration date of the Original Option. A Reload Option shall be exercisable at any time and from time to time from and after the date of grant of such Reload Option (or, as the Committee, in its sole discretion, shall determine at the time of grant, at such time or times as shall be specified in the Reload Option); provided, however, that a Reload Option granted to a Participant subject to the provisions of Section 16(b) of the Exchange Act shall not be exercisable during the first six months from the date of grant of such Reload Option. The first such Reload Option may provide for the grant, when exercised, of one subsequent Reload Option to the extent and upon such terms and conditions, consistent with this Section 6.11, as the Committee, in its sole discretion, shall specify at or after the time of grant of such Reload Option. A Reload Option shall contain such other terms and conditions which may include a restriction on the transferability of the number of shares of Common Stock received upon exercise of the Original Option reduced by a number of shares equal in value to the tax liability incurred upon exercise as the Committee, in its sole discretion, may deem desirable which may be set forth in the Agreement evidencing the Reload Option.
Reload Options. The Optionee will receive the right to a further Option (a "Reload Option") in the event the Optionee exercises all or a part of an Option (an "Original Option"), by surrendering already owned Shares of Common Stock in full or partial payment of the Option Price under such Original Option. Each such Reload Option shall be granted on the date of exercise of the Original Option, shall cover a number of Shares of Common Stock not exceeding the whole number of Shares of Common Stock surrendered in payment of the Option Price under such Original Option, and any Shares of Common Stock used to satisfy any taxes incident to the exercise of the Original Option, shall have an Option Price equal to the fair market value of the Common Stock on the date of grant of such Reload Option, shall expire on the stated expiration date of the Original Option and shall be subject to such other terms and conditions as the Committee may determine.
Reload Options. For each Key Executive, all vested options exercised by tendering shares as described in paragraph 1.F(2)(b) above shall be granted Reload Options which shall be converted into options to purchase Newco common shares by valuing the Reload Options and then dividing such value by the value of an option to purchase one Newco common share. The exercise price of each Reload Option shall be $27.50 per share for each option, and the term of each Reload Option shall equal the remaining term of the underlying option being exercised. The number and terms of each Newco option shall be in accordance with Exhibit A(5).
Reload Options. Upon exercise of all or part of an option (other than a Reload Option (as hereinafter defined)) to purchase shares of Common Stock granted under the Plan (an "Option") within 30 days of vesting of the portion of the Option so exercised, with all or part of the payment of the exercise price in the form of shares of Common Stock, the Committee may, at its sole and absolute discretion, grant Employee a new Option for shares of Common Stock equal to the number of shares that were delivered by Employee to the Parent to pay, in whole or in part, the exercise price of the previous Option (a "
Reload Options. Reload Options, as defined in the Plan, have been authorized with respect to this Option. Accordingly, (a) if any portion of this Option is permitted to be exercised under Subsection 3(b)(iii) above or if any withholding tax obligation is permitted to be paid under the second sentence of Section 9 below, in either case at a time when Optionholder is employed by the Company, and (b) if the Option price or such withholding tax is paid by assignment and delivery of Shares that have been owned by Optionholder for a period of more than six months, then Reload Options for the Shares so assigned and delivered shall be issued as provided in and subject to the terms and conditions of the Plan.
Reload Options. Only participants in the Automatic Exercise -------------- Program will be eligible to receive Reload Options. A Reload Option is an automatic grant of a new Option each time the Company executes an automatic stock-for-stock swap exercise. The number of shares granted in the Reload Option shall equal the number of shares exchanged in payment of the exercise price on an Automatic Exercise Date. The Reload Options will be fully vested six (6) months from the date of grant and will have a term which expires on the same date as the automatically exercised Option. The exercise price for a Reload Option shall be the Fair Market Value on the date of the Reload Option grant. The grant of a Reload Option shall be subject to there being sufficient shares available for such grants under the Plan and the Company's 1989 Executive Stock Plan, as amended. If there are not sufficient shares available to fully meet the obligation of the Automatic Exercise Program as described above, then the Committee will, in its sole discretion, allocate the available shares to participants. In addition, should the Committee, in its sole discretion, determine that continuing to grant Reload Options is no longer in the best interest of the Company, it may, by means of written notice to participants, cause the discontinuance of the granting of Reload Options.
Reload Options. For each existing share tendered in exercise of an existing option, the right to the issuance, exercise price, and term of any Reload Option shall be governed by the terms of the existing Plans, as applicable, including the adjustment for the Exchange Ratio.
Reload Options. In the event the Exercise Price is paid by delivery of Common Shares (as provided for in Section 13(b)(ii) of the Plan) or through a Net Exercise, the Optionee shall receive, contemporaneously with the payment of the Exercise Price in such manner, and in accordance with the provisions of the Plan, a reload stock option to purchase that number of Common Shares equal to the sum of (i) the number of Common Shares used to exercise the Option (or not issued in the case of a Net Exercise) and (ii) the number of Common Shares used to satisfy any tax withholding incident to the exercise of the Option, as provided for in the Plan.
Reload Options. To the extent that (i) the Exercise Price of the Options or any Reload Options (as defined) related thereto is paid through the delivery of Mature Shares (as defined) in accordance with Section 4 ("Payment Shares") and/or (ii) Stock is paid or surrendered in satisfaction of any withholding taxes incurred in connection with the exercise of the Option or any related Reload Option ("Withholding Tax Shares"), Employee shall receive additional non-qualified stock options to purchase a number of shares of Stock equal to the sum of the Payment Shares and the Withholding Tax Shares ("Reload Options"), provided that (A) Employee is then employed by the Company or any of its subsidiaries, and (B) at the time of payment of the Exercise Price relating to such Options (or Reload Options), the aggregate Fair Market Value of the Stock purchased pursuant to the exercise of such Options (or Reload Options) exceeds the aggregate Exercise Price of such Options (or Reload Options) by 25% or more. The exercise price per share of Reload Options shall be the Fair Market Value of the Stock on the date the Reload Options are granted to Employee, and the Reload Options shall thereafter become vested and exercisable at the earliest to occur of (w) one year after the grant date (if Employee has been continuously employed through such date), (x) upon a Termination of Employee due to death, Disability or Retirement, (y) a Change in Control, or (z) 90 days prior to the expiration of the Maximum Term (as defined). The "Maximum Term" of any Reload Option shall be equal to the remaining term of the Options to which it relates, measured from the date upon which the Option was exercised but subject to the same post-employment termination provisions of the Options described in Section 6. Any Reload Option granted in connection with the exercise of a Reload Option shall have a Maximum Term equal to the remaining term of the Reload Option to which it relates, measured from the date on which the prior Reload Option was exercised but subject to the same post-employment termination provisions of the Options described in Section 6.
