Cancelled Options definition

Cancelled Options. (the "Cancelled Options") in exchange for an amount in cash set forth on the signature page hereto under the heading "Cash Amount" (the "Cash Amount") and reduced by the amount of withholding or other taxes required by law to be withheld ("Taxes Withheld"); and
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Cancelled Options has the meaning specified in Section 5.1(a).
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Cancelled Options means those options owned by Davix X. Xxxxxxxx, Xxnaxx X. Xxxl and Craix X. Xxxxxxxxxxx xxxted on Schedule 1 to this Agreement, which, on or before the Merger Date, have been cancelled for no consideration and a termination agreement as contemplated in the Merger Agreement has been signed and provided to the Buyer. NRG represents that if such contribution were made on the date hereof and assuming that Cancelled Options includes all options held by Davix X. Xxxxxxxx, Xxnaxx X. Xxxl and Craix X. Xxxxxxxxxxx, xx would be obligated to contribute to the Company 1,394,973 shares of common stock of Cogen to the Company. NRG may, at its sole option, contribute to the Company additional shares of common stock of Cogen; provided that it shall own 20% of the Common Stock and shall receive no additional consideration in respect of any additional capital contribution of shares of common stock of Cogen to the Company.
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Examples of Cancelled Options in a sentence

  • By execution of this Agreement, the parties have taken all steps necessary to cancel the Cancelled Options.

  • If the Optionee is married and the Cancelled Options of such Optionee constitute community property or otherwise need spousal or other approval to be legal, valid and binding, this Agreement has been duly authorized, executed and delivered by such Optionee's spouse, enforceable against such spouse in accordance with its terms.

  • The Optionholder hereby represents and warrants to the Company that: (a) the Optionholder has full power and authority to enter into and perform this Agreement and to carry out the transactions contemplated hereby; there are no restrictions on the cancellation and termination of the Cancelled Options; and (c) this Agreement constitutes the legal, valid, and binding obligation of the Optionholder, enforceable against the Optionholder in accordance with its terms.

  • In exchange for the Optionholder’s agreement to cancel and terminate the Cancelled Options and the release of claims set forth in Section 1.3, the Company agrees to grant the Optionholder, one (1) share of Common Stock pursuant to the Incentive Plan.

  • All Replacement Awards will be subject to this vesting schedule, regardless of the fact that all or a portion of your Cancelled Options may have already vested.

  • The Optionee does hereby forever release, ------------------ discharge and acquit the Company from all claims, demands, obligations and liabilities, whensoever arising out of, connected with or relating to, the Cancelled Options and the cancellation thereof; provided, however, that such ------------------ release and waiver does not extend to claims, demands, obligations and liabilities arising out of this Agreement.

  • Cancelled Options may be re-issued after such cancellation has been approved, provided that re-issued Options shall only be granted in compliance with the terms of the New Share Option Scheme and the Listing Rules.

  • The Optionee hereby agrees to cancel and surrender ------------ all of the Optionee's rights under the Cancelled Options effective on the date of the consummation of the Merger, and the Company hereby agrees to pay to the Optionee on the date of the consummation of the Merger, the Cancellation Payment in the form of the Cash and the Deferred Amount.

  • The Holder and the Company hereby agree that subject to, and on the closing date of the Transaction, the Cancelled Options shall be automatically cancelled and surrendered in exchange for payment to the Holder of the Cash Amount.

  • Employee is the record and beneficial owner of, and has good and marketable title to, all of the Cancelled Options, free and clear of all liens and encumbrances.


More Definitions of Cancelled Options

Cancelled Options means Nonqualified Options submitted for exchange by certain employees and directors of the Company and accepted by the Company pursuant to the Offer. (c) "Code" shall mean the Internal Revenue Code of 1986, as amended. (d) "Committee" shall mean the administrative committee appointed pursuant to the Plan. (e) "Nonqualified Option" shall mean an option to purchase that number of shares of Stock (as that term is hereinafter defined) set forth in this Agreement, subject to the terms and conditions described in this Agreement and the Plan, which is not an incentive stock option within meaning of Code Section 422A. (f) "Offer" shall mean collectively the Company's offer to exchange dated November 13, 2001 and the related cover letter and attached summary of terms and exchange form. (g) "Parent" shall mean a parent corporation as defined in Code Section 425(e). (h) "Plan" shall mean the MGM MIRAGE 1997 Nonqualified Stock Option Plan.
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Cancelled Options shall have the meaning set forth in Section 2.05.
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Cancelled Options means those options owned by David H. Peterson, Ronald J. Will xxx Xxxxx X. Xxxxczynski lixxxx xx Xxxxxxxx 0 xx xxxx Xxxeement, which, on or before the Merger Date, have been cancelled for no consideration and a termination agreement as contemplated in the Merger Agreement has been signed and provided to the Buyer. NRG represents that if such contribution were made on the date hereof and assuming that Cancelled Options includes all options held by David H. Peterson, Ronald J. Will xxx Xxaix X. Xxxxczynski, it would be xxxxxxxxx xx xxxxxxbute to the Company 1,394,973 shares of common stock of Cogen to the Company. NRG may, at its sole option, contribute to the Company additional shares of common stock of Cogen; provided that it shall own 20% of the Common Stock and shall receive no additional consideration in respect of any additional capital contribution of shares of common stock of Cogen to the Company.
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Cancelled Options means all Options outstanding as of the Closing other than Cashed Out Options and Exchanged Options, which shall automatically be converted (with or without the holder's consent), effective as of the Closing, pursuant to Section 12 of the Option Plan into the right to receive cash (subject to Tax withholding), with respect to each such Cancelled Option, in an amount equal to the Cancelled Option Consideration.
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Cancelled Options has the meaning specified in Section 1.14.
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Cancelled Options means the stock options previously granted Executive listed on Exhibit A hereof.
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Related to Cancelled Options

  • Cancelled Shares has the meaning set forth in Section 3.1(a).

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

  • Company Options means any options to purchase shares of Company Common Stock, whether granted pursuant to any of the Company Stock Plans or otherwise.

  • Promised Options means promised but ungranted Options that are the greater of those (i) promised pursuant to agreements or understandings made prior to the execution of, or in connection with, the term sheet or letter of intent for the Equity Financing or Liquidity Event, as applicable (or the initial closing of the Equity Financing or consummation of the Liquidity Event, if there is no term sheet or letter of intent), (ii) in the case of an Equity Financing, treated as outstanding Options in the calculation of the Standard Preferred Share’s price per share, or (iii) in the case of a Liquidity Event, treated as outstanding Options in the calculation of the distribution of the Proceeds.

  • Company Option means an option to purchase shares of Company Common Stock granted under the Company Incentive Plan.

  • 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.

  • Company RSUs means any restricted stock units granted under any of the Company Equity Plans.

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

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

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

  • SARS means the South African Revenue Service.

  • 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.

  • Parent Options means options or other rights to purchase shares of Parent Common Stock issued by Parent.

  • Options means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.

  • Equity Awards will mean Executive’s outstanding stock options, stock appreciation rights, restricted stock units, performance shares, performance stock units and any other Company equity compensation awards.

  • Company Option Plans means the Company 1994 Incentive Stock Plan, the Company 1995 Outside Director’s Stock Option Plan and the Company 2004 Incentive Stock Plan.

  • Rollover Options has the meaning provided in Subsection 3.1(h).

  • Company Warrants means warrants to purchase shares of Company Capital Stock.

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • Tandem Stock Appreciation Right means the right to surrender to the Company all (or a portion) of a Stock Option in exchange for an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion thereof) is surrendered, of the Common Stock covered by such Stock Option (or such portion thereof), and (ii) the aggregate exercise price of such Stock Option (or such portion thereof).

  • CONCURRENT STOCK APPRECIATION RIGHT or "CONCURRENT RIGHT" means a right granted pursuant to subsection 8(b)(2) of the Plan.

  • Company RSU Award means an award of restricted stock units relating to shares of Company Common Stock granted under a Company Equity Incentive Plan (including any dividend equivalent units credited thereon).

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

  • Parent Stock Plans has the meaning set forth in Section 4.5(a).

  • Company Equity Awards means the Company RSU Awards and the Company PSU Awards.