Examples of ADS Option in a sentence
This instrument (the “Option Agreement”) evidences the grant of a Substituted Option with respect to the Holder (the “Option”) and the cancellation of the ADS Option that it replaces.
Each Substituted Option covers a number of the number of Shares equal to 1.0296 times the number of ADS Shares covered by the canceled ADS Option, and has an exercise price equal to the exercise price of the ADS Option divided by 1.0296.
Upon exercise of the Additional ADS Option with respect to all or any portion of the Option ADSs, subject to the terms and conditions set forth herein, (i) the Company shall become obligated to sell to the Underwriters the number of Option ADSs specified in such notice and (ii) each of the Underwriters, acting severally and not jointly, shall purchase that portion of the total number of Option ADSs then being purchased as set forth in Schedule 1 opposite the name of such Underwriter.
The Board may agree with any Participant at any time that an Option granted under the Plan before 28th June, 1999 shall be treated as if it had been an ADS Option (and not a Share Option).
The Underwriters shall not be under any obligation to purchase any Option ADSs prior to the exercise of the Additional ADS Option.
This Option shall have, and be interpreted according to, the following terms: Name of Holder: Type of Stock Option: ¨ Incentive Stock Option ¨ Non-Qualified Stock Option Number of ADS Shares subject to CANCELED ADS Option Senior Management Stock Option Award Agreement (Substituted Option) Advanced Disposal Waste Holdings Corp.
The Additional ADS Option granted pursuant to Section 1.2.1 hereof may be exercised at any time and from time to time by the Representative as to all or any part of the Option ADSs within 30 days after the date of this Agreement.
There were no related party transactions other than those related to Director and Key Management Personnel remuneration and equity and transactions by the parent with its subsidiaries during the year ended 30 June 2020.18Share-based payments (a)Employee and Consultant Plan Equity based compensation benefits are provided to directors, employees and consultants under the 2004 ASX Option Plan and the 2018 American Depository Receipts (ADS) Option Plan.
The ADS Option shall be subject to such further terms and conditions as shall be set forth in an agreement between the Company and the Executive, a copy of which is attached hereto as Exhibit B.
Shares issued to consultants for services are recorded as non-cash compensation and are recognised at either the fair value of the services rendered, or if this cannot be reasonably estimated, the fair value of the underlying equity instruments issued.Equity-based compensation benefits are provided to directors, employees and consultants under the 2004 ASX Plan (the “2004 ASX Plan”) and the 2018 American Depository Share (ADS) Option Plan (the “2018 ADS Plan”).