Approved Option definition

Approved Option means a right to acquire Common Stock granted under this UK Subplan to a UK Participant while this UK Subplan is approved by the UK Inland Revenue under the Taxes Act.
Approved Option means an Option granted under the HMRC approved share plan contained in the Appendix to this Plan.
Approved Option means a right to acquire Stock granted pursuant to and in accordance with this Subplan.

Examples of Approved Option in a sentence

  • A Participant may not exercise an Approved Option while he is excluded from being granted an Approved Option under paragraph 9 of ITEPA (material interest provisions).

  • An Approved Option cannot be transferred, assigned or otherwise disposed of, except on the transmission of the Approved Option on the death of a Participant to his personal representatives.

  • The Shares subject to an Approved Option must satisfy paragraphs 16 to 20 of ITEPA.

  • No UK Approved Option shall become exercisable in any circumstances by an Optionee who is at the time of such intended exercise an Excluded Person.

  • The preceding sentence shall not apply to any Optionee holding a UK Approved Option.


More Definitions of Approved Option

Approved Option means an Option granted under the Plan with additional sections to a UK Participant while the Plan with additional sections is approved by the UK Inland Revenue under the Act.
Approved Option means an Option granted under the Plan as modified by this Article 12 to a UK Participant while the Plan as modified by this Article 12 is approved by the UK Inland Revenue under the Act.
Approved Option means an Option which, by its terms, is subject to the provisions of Part A
Approved Option means an Option to acquire Section Shares which is granted under Section 6 and satisfies the conditions of the Approved section;
Approved Option means a stock option granted under the Subplan to a UK Participant while the Subplan is approved by the UK Inland Revenue under the Taxes Act.
Approved Option means an Option granted under the Plan with additional sections to a UK Participant while the Plan with additional
Approved Option means an Option granted under Schedule 1;