Approved Option definition
Examples of Approved Option in a sentence
This DEED constitutes notice to ▇▇▇▇▇▇▇ Group Limited (the “Company”) that pursuant to my HMRC Approved Option Award Agreement (the “Award Agreement”) under the Company’s 2012 Equity Incentive Plan as modified by appendix 1 thereto (the “Plan”) I elect to purchase the number of ordinary shares of the Company set forth below and for the price set forth below.
Any Option Shares acquired upon the exercise of this Option are referred to herein as “Purchased Option Shares.” This Option is not intended to be a UK Approved Option.
You authorize the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing your participation in the Plan and the Subplan, including any requisite transfer of such Data as may be required to a broker or other third party with whom you may elect to deposit any shares of Stock acquired upon exercise of the Approved Option.
Promptly following the approval by the Buyer of the Approved Option Notice, the applicable Seller shall deliver the Approved Option Notice required pursuant to the Existing Options and shall provide a copy thereof to the Buyer.
Any Option Shares acquired upon the exercise of this Option are referred to herein as “Purchased Option Shares.” This Option is not intended to be a Qualified Option or a UK Approved Option.