Director Optionee definition

Director Optionee means a recipient of an Award of a Director Option.
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Examples of Director Optionee in a sentence

  • Director Options shall terminate and be of no force or effect with respect to any shares not previously purchased by the Director Optionee upon the expiration of ten years from the date of granting of each Director Option, notwithstanding any earlier termination of the Director Optionee's status as a Director of the Company.

  • If Non-employee Director Optionee ceases to serve as a director of the Company, for any reason, the Optionee may exercise the Option regarding the number of shares of Option Stock as to which the Option shall have been exercisable on the day immediately preceding the Optionee's termination as director, at any time within a period ending on the earlier of (a) 90 days after the termination of Optionee's termination as director or (b) the Termination Date.

  • No Director Optionee may be granted options in any calendar year with respect to more than 4,000 Shares.

  • Each Employee Optionee, Director Optionee and assignee in interest of an Optionee accordingly represents, as a condition of participation in the Plan, that Shares which are unregistered under the Act are being acquired for the Employee Optionee's, or Director Optionee's (or his or her assignee's) own account for investment only and not with a view to offer for sale or for sale in connection with the distribution or transfer thereof.

  • In the event of termination of Optionee's continuous status as a Director, Optionee may, but only within ninety (90) days after such event of termination of an Optionee's continuous status as a Director (but in no event later than the date of expiration of the term of the Option) exercise the Option to the extent that he was entitled to exercise it at the date of such termination.

  • Each option to purchase Shares granted under Section 7 of the Plan shall be evidenced by a written option agreement signed on behalf of the Company and the Director Optionee which sets forth the name of the Director Optionee, the date granted, the option price, the number of Shares subject to the option and the other terms and conditions set forth below.

  • Following transfer, the terms and conditions of the Plan and the written option agreement relating to such option shall continue to be applicable in all respects to the Director Optionee making such transfer and each transferred option shall continue to be subject to the same terms and conditions as were applicable immediately prior to transfer as if such option had not been transferred, including, but not limited to, the terms and conditions with respect to the lapse and termination of such option.

  • Neither the Company, the Committee or any Director Optionee shall have any obligation to inform any transferee of the termination or lapse of any option for any reason.

  • The Non-Employee Director Optionee further agrees that, if the Company or Related Corporation does not withhold an amount from the Non-Employee Director Optionee’s wages or other remuneration sufficient to satisfy the withholding obligation of the Company or Related Corporation, the Non-Employee Director Optionee will make reimbursement on demand, in cash, for the amount underwithheld.

  • By signing this Agreement the Non-Employee Director Optionee acknowledges receipt of a copy of this Agreement and a copy of the Plan.

Related to Director Optionee

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

  • Nonemployee Director means a Director who is not an Employee.

  • Employee Director means a member of the Board of Directors of the Company that is also an Employee of the Company.

  • Option Holder means a Person or Entity who holds an unexercised and unexpired Option or, where applicable, the Personal Representative of such person.

  • Optionee means an Employee or Consultant who receives an Option.

  • Director Award means the grant of any Award (other than an Incentive Stock Option), whether granted singly, in combination, or in tandem, to a Participant who is a Director pursuant to such applicable terms, conditions, and limitations established by the Board.

  • Eligible Director means a person who is (i) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, and (ii) an “outside director” within the meaning of Section 162(m) of the Code.

  • Nonemployee Director Award means any Award granted to a Nonemployee Director.

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

  • Continuous Status as an Employee, Director or Consultant means the employment or relationship as a Director or Consultant is not interrupted or terminated. The Board, in its sole discretion, may determine whether Continuous Status as an Employee, Director or Consultant shall be considered interrupted in the case of: (i) any leave of absence approved by the Board, including sick leave, military leave, or any other personal leave; or (ii) transfers between locations of the Company or between the Company, Affiliates or their successors.

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

  • Sub-Grantee means a person or organization contracted by a Subrecipient that is compensated with CRF funds to provide administration of any portion of the CRF.

  • Option Holders means the holders of the Options.

  • Grantee means the Party receiving funds under this Contract. May also be referred to as "Contractor" in certain attachments.

  • 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.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Bonus Stock Award means an award of Bonus Stock under this Plan.

  • Restricted Stock Grant means Shares awarded under the Plan as provided in Section 9.

  • Company Restricted Stock Award means each award with respect to a share of restricted Company Common Stock outstanding under any Company Stock Plan that is, at the time of determination, subject to forfeiture or repurchase by the Company.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Management Stockholder shall have the meaning set forth in the introductory paragraph.

  • 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.

  • Award Recipient means the person, entity or entities that are to receive or have received grant funds through an award from the Illinois State Board of Education. The terms "grantee" and "award recipient" may be used interchangeably.

  • Awardee means the holder of an outstanding Award.

  • 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.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.