Covered Option definition

Covered Option means any Option granted on or after January 1, 2001 unless the granting resolution expressly excludes the Option from the provisions of this Section 16.
Sample 1Sample 2Sample 3
Covered Option means any stock option granted to the Optionee pursuant to one of the Covered Plans, whether such stock option was granted before, on, or after the Effective Date.
Sample 1Sample 2
Covered Option means a contract under which the purchaser acquires the right to require a company to sell to it, within or at a specified time, for a specified amount, specified securities that the company owns at the time of contracting.
Sample 1Sample 2

Examples of Covered Option in a sentence

  • Seller agrees to exercise a sufficient number of Stock Options sufficiently in advance of the Closing, and to take all action necessary to have certificates issued with respect to the shares issuable upon exercise of such Stock Options, to permit Seller to deliver the number of Covered Option Shares to Purchaser pursuant to this Agreement at such Closing.

  • If any Profits realized upon the exercise of any Covered Option inure to the benefit of the Corporation in accordance with the first sentence of this paragraph, an Employee shall pay all such Profits to the Corporation within 30 days after first engaging in any harmful activity and all unexercised Covered Options shall immediately be forfeited and canceled.

  • Premiums have not been paid for the child named above, for at least two months.

  • The Plan was also amended to add a new Section 16 entitled "Harmful Activity" which states that, if an Optionee engages in a "harmful activity" prior to or within six months of termination of employment, profits from the exercise of a Covered Option will inure to the benefit of the Corporation in certain circumstances.

  • The parties acknowledge and agree that the Shares subject to this Section 1 include _________ shares of Common Stock (the "Covered Option Shares") that Seller has the right to acquire within thirty (30) days of the date hereof through exercise of vested options to purchase Common Stock ("Stock Options").

  • The Plan was also amended to add a new Section 16 entitled “Harmful Activity” which states that, if an Optionee engages in a “harmful activity” prior to or within six months of termination of employment, profits from the exercise of a Covered Option will inure to the benefit of the Corporation in certain circumstances.

  • To be effective each Deferral Election must be made must be made (A) in or prior to the taxable year immediately prior to the expiration of such Covered Option and (B) at least six (6) months prior to the date of such expiration.

  • The following Distribution and Service Plan (the "Plan") has been adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the "1940 Act"), by Kelmoore Strategic Trust (the "Trust") for the shares of Kelmoore Strategy Covered Option Fund (the "Fund").

  • Notwithstanding anything to the contrary in any plan pursuant to which any Covered Option was granted or any applicable stock option agreement, the vesting schedule for all Covered Options that are outstanding as of the date of an Acceleration Event shall be accelerated to provide that all such Covered Options shall be immediately vested and exercisable in full.

  • However, the failure of the Company to timely exercise a redemption right hereunder following the valid exercise of a vested Covered Option shall not result in a waiver by the Company of such redemption right or bar a later exercise of such redemption right except as provided in Section 7.1.


More Definitions of Covered Option

Covered Option means any option for the purchase of Nordson Common Shares awarded by the Compensation Committee or Chief Executive Officer pursuant to the authority granted under the 2012 SIAP or, in the case of the Chief Executive Officer, under delegation from the Compensation Committee.
Sample 1
Covered Option means an option to acquire shares of Common Stock issued to [Grantee/Executive] prior to [ ], 201[ ].
Sample 1

Related to Covered Option

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

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

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

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

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

  • 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.

  • 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.

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

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

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

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

  • 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.

  • Incentive Option means an Option which by its terms is to be treated as an “incentive stock option” within the meaning of Section 422 of the Code.

  • 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.

  • Covered Call Option means an exchange traded option 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 (excluding Futures Contracts) which are owned by the writer thereof and subject to appropriate restrictions.

  • 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.

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

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

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • SARS means the South African Revenue Service.

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

  • 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.

  • 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.

  • Restricted Stock Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award grant. Each Restricted Stock Award Agreement will be subject to the terms and conditions of the Plan.

  • ISO means an employee incentive stock option described in Section 422(b) of the Code.

  • Restricted Stock Plan means either the RPM International Inc. 1997 Restricted Stock Plan or the RPM International Inc. 2007 Restricted Stock Plan and any successor plan or arrangement to either of such plans, but shall not be deemed to mean or include the Omnibus Plan.