The Effective Time shall not constitute a termination of employment for any Current Spinco Employee for purposes of any Burgundy Option or Burgundy PSU Award.
3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.
Company Option means an option to purchase shares of Company Common Stock granted under the Company Incentive Plan.
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.
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 Option means any Option, which has already been vested according to the Vesting Dates.
Unvested Company Option means any Company Option that is not a Vested Company Option.
Company Option Plan means, collectively, each stock option plan, program or arrangement of the Company.
Top-Up Option has the meaning set forth in Section 1.04(a).
Company Option Plans means the following stock option plans of the Company: (a) the Amended and Restated 1989 Stock Plan, (b) the Amended and Restated 1996 Stock Incentive Plan and (c) the 2002 Nonqualified Stock Incentive Plan.
Reload Option means any Option granted under Section 6(a)(iv) of the Plan.
Parent Option means an option to purchase shares of Parent Common Stock.
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.
Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.
Employee Option means an Option granted pursuant to Section 5.
Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.
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.
Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.
Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.
Company Options means options to purchase shares of Company Common Stock.
Aggregate Option Exercise Price means, as of any date of determination, the sum of the exercise prices payable upon exercise in full of all Vested Options held by all Optionholders immediately prior to the Effective Time, based on the Estimated Merger Consideration or the Final Adjusted Merger Consideration, as applicable.
Company Optionholders means the holders of Company Options.
Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.
Optioned Stock means the Common Stock subject to an Option.
Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:
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.
Noncompensatory Option has the meaning set forth in Treasury Regulation Section 1.721-2(f).