Company Vested Option definition

Company Vested Option means the portion of a Company Option that has vested as of immediately prior to the Closing.
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Company Vested Option shall have the meaning set forth in Section 3.7(a) of this Agreement.
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Company Vested Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time.
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Examples of Company Vested Option in a sentence

  • At the Effective Time, all Company Options shall no longer be outstanding and shall automatically cease to exist, and each holder of a Company Option shall cease to have any rights with respect thereto, except the rights, in each case subject to the terms and conditions of this Agreement and the Escrow Agreement, to receive the Company Vested Option Consideration.

  • Each Company Vested Option with an exercise price per share that is equal to or greater than the Merger Consideration at the Effective Time shall be cancelled without any cash payment being made in respect thereof and the holder of such Company Vested Option shall have no further rights in respect thereof.

  • Parent shall, or shall cause the Surviving Corporation to, pay such amounts under this Section 3.7(a) to the holder of each such Company Vested Option within ten (10) Business Days following receipt by Parent of all reasonably necessary forms of transmittal information from such holder.

  • Buyer shall make or cause to be made any payments of the applicable Company Vested Option Consideration to Employee Option Holders by depositing such funds with the Surviving Corporation for distribution through its normal payroll systems and shall cause such distribution to Employee Option Holders to be made.

  • For purposes of this Section 2.05, any Company Stock Option (whether vested or unvested) held by a non-employee member of the Board of Directors as of the date hereof shall be considered vested immediately prior to the Effective Time and shall be treated as a Company Vested Option hereunder.

  • Each Company Vested Option which is unexercised and outstanding immediately prior to the Effective Time, shall in accordance with its terms and by virtue of the First Step Merger and without any action on the part of the Parent, the Subs, the Company or the holder thereof, terminate and cease to be outstanding (each such terminated Company Vested Option shall be referred to as a "CANCELLED OPTION").

  • It is the intent of the parties hereto that to the extent permitted by applicable Legal Requirements, the assumption of Company Vested Option shall be performed in a manner that is in material compliance with the requirements of Section 409A or, to the extent such Company Vested Option is intended to qualify as an incentive stock option, Section 424(a) of the Code.

  • For the avoidance of doubt, any Company Granted Option that is not a Company Vested Option, and any Company Vested Option that is not a Company Option, shall be cancelled without the payment of any cash amount to the holder thereof.

  • The number of shares of Company Common Stock deemed delivered to the holder of each Company Vested Option pursuant to this net exercise program shall be determined by subtracting the Net Exercise Consideration (as defined below) applicable to such Company Vested Option from the number of shares of Company Common Stock subject to such Company Vested Option.

  • Section 2.2(b) of the Disclosure Schedule sets forth, for each outstanding Company Option, the name of the individual holding such Company Option, the domicile address of such holder, the number of shares of Company Common Stock issuable upon the exercise of such Company Option, the exercise price of such Company Option, whether such Company Option is intended to qualify as an incentive stock option as defined in Section 422 of the Code, and whether such Company Option is a Company Vested Option.


More Definitions of Company Vested Option

Company Vested Option means each Company Option (or portion thereof) that is vested (and has not been exercised) immediately prior to the Effective Time.
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Company Vested Option means the stock options of the Company that will vest upon a change of control of the Company.
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Company Vested Option means each Company Option that is vested and outstanding by its terms immediately prior to the Effective Time (including those that are or become vested by their terms at the Effective Time as a result of the passage of time or transactions contemplated by this Agreement). Company Vested Option shall not include in any event any Company Option vesting solely pursuant to the Parent's election described in Section 1.7(iii) above.
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Related to Company Vested Option

  • 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.

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

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

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

  • Non-Vested Shares means any portion of the Restricted Stock subject to this Agreement that has not become vested pursuant to this Section 2.

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

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

  • Company Equity Award means a Company Stock Option or a Company Restricted Share granted under one of the Company Stock Plans, as the case may be.

  • Company SAR means any stock appreciation right linked to the price of Company Common Stock and granted under any Company Stock Plan.

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

  • Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.

  • Parent Option means any option to purchase Parent Common Stock which was granted pursuant to a Parent Option Plan.

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

  • 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).

  • Company Stock Option means any option to purchase one or more shares of the Company’s Common Stock granted under any of the Company Stock Plans.

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

  • Equity Award means all incentive stock options, non-statutory stock options, shares of restricted stock, restricted stock units or other incentive equity awards in respect of shares of the Company’s equity securities that have been or will be granted to you by the Company.

  • Rollover Option has the meaning set forth in Section 2.4(a).

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

  • Company Option Plan means, collectively, each stock option plan, program or arrangement of the Company.

  • Company RSU means each restricted stock unit award relating to shares of Company Common Stock granted under any Company Equity Plan that is outstanding immediately prior to the Effective Time and subject solely to service-based vesting requirements.

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

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

  • Company Optionholders means the holders of Company Options.