Basic Option definition

Basic Option means an Option granted to a Non-Employee Director pursuant to Section 6.3.
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Basic Option means an option designated as such by the Remuneration Committee prior to the Grant Date;
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Basic Option shall have the meaning set forth in Section 2.1.
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Examples of Basic Option in a sentence

  • The Administrator may grant a SAR to each Non-Employee Director in tandem with each grant of a Basic Option and an Additional Option.

  • This certificate evidences the grant by the Company on [·](the “ Grant Date”) to the Optionee of an option to purchase, in whole or in part, on the terms provided herein and in the Plan: (i) the Basic Option and (ii) the Performance Option (collectively, the “Shares”), in each case with an exercise price of $[·] per Share.

  • The Shares attributable to the Basic Option shall vest and become exercisable as follows: [·]% of the aggregate Shares that are the subject to the Basic Option shall vest and become exercisable on [·] and [·]% of the aggregate Shares that are the subject to the Basic Option shall vest and become exercisable on each of the first [·] anniversaries of such date.

  • Notwithstanding the foregoing, the Shares attributable to the Basic Option shall vest and become exercisable as to 100% of the total number of such Shares upon a Sale Transaction.

  • The total number of shares issuable upon exercise of the Basic Option represents approximately 19.99% of Company Common Stock outstanding on June 14, 1999 (and approximately 16.66% of the shares of Company Common Stock after exercise of such option).

  • The option shall be designated by the Remuneration Committee as a Basic Option or a Premium Priced Option prior to the Grant Date.

  • Such Basic Option expires upon the earlier of (a) the Effective Time and (b) the one year anniversary of the date on which the Merger Agreement has been terminated.

  • In the case of exercise of Basic Option Rights, the High Level of Individual Performance must have been achieved during the Year of Conversion, regardless of the time of exercise.

  • Basic Option: Each Participant within the Basic Option shall have all of his or her Deferrals and Additional Deferrals invested in the Duke Power Company Common Stock Fund.

  • The shares subject to the Basic Option shall vest with respect to Three Hundred Fifty Thousand (350,000) shares on the Commencement Date and with respect to an additional One Hundred Eighty Seven Thousand Five Hundred (187,500) shares on each of the first four anniversaries of the Commencement date and shall be subject to the terms of the Basic Stock Option Agreement executed by the Executive and the Company concurrently herewith.


More Definitions of Basic Option

Basic Option has the meaning accorded such term in Section 2.03.
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Related to Basic Option

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Director Option means an Option granted pursuant to Section 6.

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Replacement Option means an Option that is granted when a Participant uses a Common Share held or to be acquired by the Participant to exercise an Option and/or to satisfy tax withholding requirements incident to the exercise of an Option.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

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

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Stock Index Option means an exchange traded option entitling the holder, upon timely exercise, to receive an amount of cash determined by reference to the difference between the exercise price and the value of the index on the date of exercise.

  • Call Option Period has the meaning given to it in Condition 6.04 (Call Option);

  • Optioned Stock means the Common Stock subject to an Option.

  • Option means a stock option granted pursuant to the Plan.

  • Performance Option means an Incentive Stock Option or Nonqualified Stock Option, the grant of which or the exercisability of all or a portion of which is contingent upon the attainment of specified Performance Measures within a specified Performance Period.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Parent Option means an option to purchase shares of Parent Common Stock.

  • Optioned Shares means Shares subject to an Award granted pursuant to this Plan.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of immediately prior to the Effective Time or will vest solely as a result of the consummation of the Merger.

  • Vested Portion means, at any time, the portion of an Option which has become vested, as described in Section 3 of this Agreement.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.