Available Option Shares definition

Available Option Shares means the number of Common Shares within the Plan Limit which are available at any time for the grant of Options as set forth in Section 3.2;
Sample 1Sample 2Sample 3
Available Option Shares shall have the meaning set forth in ----------------------- Section
Sample 1Sample 2
Available Option Shares means, at any time, the number of Common Shares by which the Maximum Option Shares exceeds the sum of (i) the aggregate number of Common Shares issued prior to such time pursuant to the exercise of Options and (ii) the aggregate number of Common Shares issuable pursuant to the exercise of all Options outstanding at such time;
Sample 1

Examples of Available Option Shares in a sentence

  • As soon as practicable after the Company has determined that it will not purchase all of the Available Option Shares, but in any event within 60 days after the beginning of the Repurchase Notice Period corresponding to such Available Option Shares, the Company shall give written notice (the "OPTION NOTICE") to each Investor setting forth the number of Remaining Option Shares and the purchase price for the Remaining Option Shares.

  • Subject to the other restrictions on exercise set forth herein, the unexercised portion of the exercisable Option may be exercised at a later date by the Employee, and the 10 percent requirement shall not apply to any exercise of the Option if all remaining Available Option Shares are being purchased.

  • If for any reason the Company does not elect to purchase all of the Available Option Shares, then the Investors shall be entitled to exercise the Repurchase Option for all or any portion of the Available Option Shares that were not repurchased by the Company pursuant to SECTION 11(b) above (the "REMAINING OPTION SHARES").

  • If for any reason the Company does not elect to purchase all of the Available Option Shares, then the Investors may exercise the Repurchase Option for all or any portion of the Available Option Shares that were not repurchased by the Company pursuant to Section 10(a) above (the “Remaining Option Shares”).

  • Subject to the other restrictions on exercise set forth herein, the unexercised portion of the exercisable Option may be exercised at a later date by the Director, and the 10 percent requirement shall not apply to any exercise of the Option if all remaining Available Option Shares are being purchased.

  • If for any reason the Company does not elect to purchase all of the Available Option Shares, then the Investors shall be entitled to exercise the Repurchase Option for all or any portion of the Available Option Shares that were not repurchased by the Company pursuant to Section 10(b) above (the “Remaining Option Shares”).

  • As soon as practicable after the Company has determined that it will not purchase all of the Available Option Shares, but in any event within 60 days after the beginning of the Repurchase Notice Period corresponding to such Available Option Shares, the Company shall give written notice (the “Option Notice”) to each Investor setting forth the number of Remaining Option Shares and the Repurchase Price for the Remaining Option Shares.

  • If for any reason the Company does not elect to purchase all of the Available Option Shares, then the Board may (but shall not be required to) permit the Eligible Stockholders to exercise the Repurchase Option for all or any portion of the Available Option Shares that were not repurchased by the Company pursuant to Section 11(b) above (the "Remaining Option Shares").

  • The submission of this update to UNFCCC will depend on the approval and guidance from the National Climate Change Council.

  • Each Investor shall make payment of the aggregate Purchase Price for the Option Shares or any Available Option Shares purchased hereunder (as set forth on Schedule 1.1 hereto) at the Option Closing or Available Option Closing therefor by wire transfer of funds to BCC's account, by certified check or by other delivery acceptable to BCC.


More Definitions of Available Option Shares

Available Option Shares shall have the meaning set forth in Section 2.4(a).
Sample 1

Related to Available Option Shares

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Remaining Shares has the meaning set forth in Section 4.1.2.

  • Option Stock shall have the meaning set forth in Section 2(a) hereof.

  • Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.

  • Available Shares means the sum of (i) one hundred fifty thousand (150,000) shares of Common Stock, and (ii) an annual increase on April 1st of each calendar year, beginning in 2022 and ending in 2031 (each a “Date of Determination”), in each case subject to the approval and determination of the Administrator on or prior to the applicable Date of Determination, equal to the lesser of (A) four percent (4%) of the total shares of Common Stock of the Company outstanding on the last day of the immediately preceding fiscal year and (B) such smaller number of shares as determined by the Administrator (the “Share Limit”). Notwithstanding the foregoing, shares added to the Available Shares by the Share Limit are available for issuance as Incentive Stock Options only to the extent that making such shares available for issuance as Incentive Stock Options would not cause any Incentive Stock Option to cease to qualify as such. In the event that the Administrator shall not take action to affirmatively approve an increase in the Share Limit on or prior to the applicable Date of Determination, the Share Limit and Available Shares, shall remain at such level as they were prior to such applicable Date of Determination. For clarity, the Available Shares is a limitation on the number of shares of Common Stock that may be issued pursuant to the Plan.

  • Unissued Option Shares means the number of Shares, at a particular time, which have been reserved for issuance upon the exercise of an Option but which have not been issued, as adjusted from time to time in accordance with the provisions of section 5, such adjustments to be cumulative.

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Optioned Shares means the shares of Common Stock that are issued pursuant to the exercise of the Options;

  • Stock Election Shares shall have the meaning set forth in Section 3.2.1.

  • Offering Shares means the shares of Common Stock included in the Units issued pursuant to this Agreement and Investor Warrant Shares.

  • Offered Shares has the meaning set forth in Section 3.02(a).

  • Cash Election Shares shall have the meaning set forth in Section 3.2.1.

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

  • Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Amalco Shares means the common shares in the capital of Amalco;

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Newco Shares means the common shares in the capital of Newco;

  • Non-Election Shares shall have the meaning set forth in Section 3.2.1.

  • Cutback Shares means any of the Registrable Securities not included in any of the Registration Statements previously declared effective hereunder as a result of a limitation on the maximum number of shares of Common Stock of the Company permitted to be registered by the staff of the SEC pursuant to Rule 415.

  • Piggyback Shares has the meaning ascribed to such term in Section 2.3(a)(iii).