BHC Option definition

BHC Option means the stock option granted to a senior officer, senior manager or key employee of BHC Financial or any of its Designated Subsidiaries pursuant to the BHC Plan, to the extent such stock option is still outstanding immediately prior to the Merger.
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BHC Option means the stock option granted to a nonemployee director pursuant to the BHC Plan to the extent such stock option is still outstanding immediately prior to the Merger.
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BHC Option has the meaning given in the Plan of Arrangement.
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Examples of BHC Option in a sentence

  • The term of each Stock Option shall be for the remaining term of the BHC Option being converted, subject to earlier termination as provided herein or in the BHC Option.

  • The option price per share of Common Stock purchasable under a Stock Option shall be equal to the quotient determined by dividing the option price per share of such BHC Option by the Conversion Ratio, and rounding upward to the nearest full cent.

  • Neither this Plan nor the grant of any Stock Option hereunder in conversion of a BHC Option shall confer upon any person the right to become a director of the Company or any of its subsidiaries, or obligate the Company or any of its subsidiaries to nominate such person for election to the Board of Directors by the shareholders.

  • If a Participant ceased to be a member of the Board of Directors of BHC Financial by reason of the Participant's death prior to the Merger, the Stock Option may be exercised by the legal representative of the Participant's estate until the expiration of the option term of the BHC Option being converted.

  • Except as otherwise provided in subsections (f) and (g) above, the term of any Stock Option granted hereunder in conversion of a BHC Option shall be for the lesser of six months or until the expiration of the option term of the BHC Option being converted.

  • The option price per share of Common Stock purchasable upon exercise of a Stock Option shall be equal to the quotient determined by dividing the option price per share of such BHC Option by the Conversion Ratio, and rounding upward to the nearest full cent.

  • On the effective date of the Merger, the Committee shall grant to each person who holds a BHC Option in conversion of such BHC Option a Stock Option to purchase such number of shares of Common Stock (with any fractional share being disregarded) as shall be equal to the product of the number of shares of BHC Financial common stock subject to such BHC Option being converted multiplied by the Conversion Ratio.

  • Neither this Plan nor the grant of any Stock Option hereunder in conversion of a BHC Option pursuant to the Merger Agreement shall give any Participant or other employee any right with respect to continuance of employment by the Company or any of its subsidiaries, nor shall there be a limitation in any way on the right of the Company or any subsidiary by which an employee is employed to terminate his employment at any time.

  • Neither this Plan nor the grant of any Stock Option hereunder in conversion of a BHC Option shall give any Participant or other employee any right with respect to continuance of employment by the Company or any of its subsidiaries, nor shall there be a limitation in any way on the right of the Company or any subsidiary by which an employee is employed to terminate his employment at any time.

  • On the effective date of the Merger, each person who, immediately prior to the Merger, holds a BHC Option shall in conversion of such BHC Option be granted a Stock Option to purchase such number of shares of Common Stock (with any fractional share being disregarded) as shall be equal to the product of the number of shares of BHC Financial common stock subject to such BHC Option being converted multiplied by the Conversion Ratio.


More Definitions of BHC Option

BHC Option means, at any time, options to acquire BHC Common Shares or BHC Class A Shares, granted pursuant to the BHC Equity Plan which are, at such time, outstanding and unexercised, whether or not vested;
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Related to BHC 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.

  • 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.

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

  • 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.

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

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).

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

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

  • Employee Option means an Option granted pursuant to Section 5.

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

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

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

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

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

  • Parent Stock Option means any option to purchase Parent Common Stock.

  • Company Stock Option means each option to purchase shares of Company Common Stock outstanding under the Company Stock Plans.

  • 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.

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

  • 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.

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

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

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • 102 Option means any Option granted to Employees pursuant to Section 102 of the Ordinance.