Delay Option definition

Delay Option means the option exercisable by IDEC upon written notice to Genentech at least thirty (30) days prior to the First Anniversary Date that IDEC elects to delay [CONFIDENTIAL TREATMENT REQUESTED] of Genentech’s investment on the First Anniversary Date such that either (i) IDEC shall receive in lieu of such delayed portion of the investment, a [CONFIDENTIAL TREATMENT REQUESTED] payment upon the
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Delay Option means the option exercisable by IDEC upon written notice to Genentech at least thirty (30) days prior to the First Anniversary Date that IDEC elects to delay [CONFIDENTIAL TREATMENT REQUESTED] of Genentech's investment on the First Anniversary Date such that either (i) IDEC shall receive in lieu of such delayed portion of the investment, a [CONFIDENTIAL TREATMENT REQUESTED] payment upon the occurrence of the Patent Milestone Event or instead issue shares of Series A Preferred Stock, or if the Patent Milestone Event does not occur prior to the Third Anniversary Date, then (ii) IDEC shall receive the delayed investment in accordance with Section 2(d) of the Preferred Stock Purchase Agreement; provided that this Delay Option will not be exercisable by IDEC if the Approvable Process Event does not occur on or prior to the First Anniversary Date.
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Delay Option means the option exercisable by IDEC upon written notice to Genentech at least thirty (30) days prior to the First Anniversary Date that IDEC elects to delay [**] of Genentech’s investment on the First Anniversary Date such that either (i) IDEC shall receive in [**] = Portions of this exhibit have been omitted pursuant to a confidential treatment request. An unredacted version of this exhibit has been filed separately with the Commission. lieu of such delayed portion of the investment, a [**] payment upon the occurrence of the Patent Milestone Event or instead issue shares of Series A Preferred Stock, or if the Patent Milestone Event does not occur prior to the Third Anniversary Date, then (ii) IDEC shall receive the delayed investment in accordance with Section 2(d) of the Preferred Stock Purchase Agreement; provided that this Delay Option will not be exercisable by IDEC if the Approvable Process Event does not occur on or prior to the First Anniversary Date.
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Examples of Delay Option in a sentence

  • PG&E may make the provision of the Delay Option a mandatory requirement for Final Offers.

  • Non-price terms and conditions for the Delay Option that are not specified in Appendix E should be provided in a separately marked copy of the Term Sheet, Appendix D.

  • The pricing set forth in Appendix E for each Power Purchase Offer variation or the pricing for a Facility Ownership Offer should not change due to the Delay Option.

  • Pricing information for the Delay Option should be separately specified in Appendix E, identifying any additional cost of the Delay Option in the form of a lump sum payment(s) prior to the Guaranteed Commercial Availability Date of the facility.

  • The detailed structure of the Delay Option will be finalized with shortlisted Participants prior to Final Offers.

  • Amend RSA 371 by inserting after section 16 the fol- lowing new section: 371:16-a Project Delay; Option to Purchase.

  • The Participant is requested to provide a Delay Option to PG&E, as defined above in SectionII.A and further detailed in Section XIII – Pricing, Terms and Conditions.

  • Non-price terms and conditions for the Delay Option should be provided in a separately marked copy of the Term Sheet, Appendix D.

  • Ms. Bitbadal displayed a One Year Delay Option on a chart presented overhead.Councilmember Nuñez asked Ms. Bitbadal as to which groups or people were involved in coming up with exemptions.

  • In addition, during the Quarter ending March 31, 2012 (Q4, FY11), HDS may True-Up, if at all, only by the * * * Delay Option, Overages from the immediately preceding Quarter, Pipeline Purchase and/or Monetary True-Up. A Roll Over may not be used to True-Up for such Quarter.


More Definitions of Delay Option

Delay Option means the option exercisable by IDEC upon written notice to Genentech at least thirty (30) days prior to the First Anniversary Date that IDEC elects to delay [*] of Genentech's investment on the First Anniversary Date such that either (i) IDEC shall receive in lieu of such delayed portion of the investment, a [*] payment upon the occurrence of the Patent Milestone Event or instead issue shares of Series A Preferred Stock, or if the Patent Milestone Event does not occur prior to the Third Anniversary Date, then (ii) IDEC shall receive the delayed investment in accordance with Section 2(d) of the Preferred Stock Purchase Agreement; provided that this Delay Option will not be exercisable by IDEC if the Approvable Process Event does not occur on or prior to the First Anniversary Date.
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Delay Option means the option exercisable by IDEC upon written notice to Genentech at least thirty (30) days prior to the First Anniversary Date that IDEC elects to delay [CONFIDENTIAL TREATMENT REQUESTED] of Genentech's investment on the First Anniversary Date such that either (i) IDEC shall receive in lieu of such delayed portion of the investment, a [CONFIDENTIAL TREATMENT REQUESTED] payment upon the occurrence of the Patent Milestone Event or instead issue shares of Series A Preferred Stock, or if the Patent Milestone Event does not occur prior to the Third Anniversary Date, then
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Related to Delay Option

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

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

  • Renewal Option has the meaning set forth in §12.1.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

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

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

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

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

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

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

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

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

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Nonstatutory Option means a stock option not described in Sections 422(b) or 423(b) of the Code.

  • Exercise Payment means the amount of money equal to the Exercise Price multiplied by the number of Optioned Shares specified in the Notice of Exercise;

  • Option Exercise Period has the meaning set forth in Section 6.4.

  • 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.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Non-Qualified Option means an Option that is not an Incentive Stock Option.

  • 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.

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

  • Acceleration Right means the Participant’s right, in certain circumstances, to exercise its outstanding Option as to all or any of the Common Shares in respect of which such Option has not previously been exercised and which the Participant is entitled to exercise, including in respect of Common Shares not otherwise vested at such time;

  • Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.