Discretionary Share Option Plan definition

Discretionary Share Option Plan means a share option plan, other than a savings-related share option plan, in which participation is at the discretion of the grantor of options under that plan;
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Discretionary Share Option Plan means a company share option plan approved under Schedule 4 of ITEPA in which participation is at the discretion of the grantor of options under that plan;
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Examples of Discretionary Share Option Plan in a sentence

  • In the first year of operation of the Plan an Option may be granted to an Eligible Employee which would, at the Date of Grant, result in the total Market Value of the Shares over which the Eligible Employee had been granted Options under the Plan and any other Discretionary Share Option Plan being a multiple of up to 2.75 times his annual salary (excluding bonuses, commissions and benefits in kind).

  • That the Restricted Share Plan, the rules of which are produced to the meeting, be approved and the removal of the re-testing provisions for future grants under the Discretionary Share Option Plan be noted.

  • The number of Shares which may be allocated, as defined in Rule 4.5, under the Approved Plan on any day shall not, when added to the aggregate of the number of Shares which have been allocated in the previous 10 years under the Approved Plan and any other Discretionary Share Option Plan adopted by the Company, exceed that number of Shares that represents 5% of the common share capital of the Company in issue immediately prior to that day.

  • The number of Shares (including, where relevant ADSs) which may be allocated, as defined in Rule 4.6, under the Plan on any day shall not, when added to the aggregate of the number of Shares (and ADSs) which have been allocated in the previous 10 years under the Plan and any other Discretionary Share Option Plan adopted by the Company, exceed that number of Shares that represents 5% of the ordinary share capital of the Company in issue immediately prior to that day.

  • Other than in exceptional circumstances at the discretion of the Remuneration Committee, no Option will be granted to an Eligible Employee which would, at the Date of Grant, result in the total Market Value of the Shares over which he has been granted options under the Plan and any other Discretionary Share Option Plan to exceed the greatest of one time the annual rate of his total Remuneration per annum from any Participating Company employing him.

  • The number of Shares which may be allocated, as defined in Rule 4.5, under the Plan on any day shall not, when added to the aggregate of the number of Shares which have been allocated in the previous 10 years under the Plan and any other Discretionary Share Option Plan adopted by the Company, exceed that number of Shares that represents 5% of the ordinary share capital of the Company in issue immediately prior to that day.

  • The number of Shares which may be allocated, as defined in Rule 4.5, under the Approved Plan on any day shall not, when added to the aggregate of the number of Shares which have been allocated in the previous 10 years under the Approved Plan and any other Discretionary Share Option Plan adopted by the Company, exceed that number of Shares that represents 5% of the ordinary share capital of the Company in issue immediately prior to that day.

  • The number of Shares which may be allocated, as defined in Rule 4.6, under the Plan on any day shall not, when added to the aggregate of the number of Shares which have been allocated in the previous 10 years under the Plan and any other Discretionary Share Option Plan adopted by the Company, exceed that number of Shares that represents 5% of the Shares in issue immediately prior to that day.

  • Other than in the first year of operation of the Plan or in exceptional circumstances at the discretion of the Remuneration Committee, no Option will be granted to an Eligible Employee which would, at the Date of Grant, result in the total Market Value of the Shares over which he has been granted options under the Plan and any other Discretionary Share Option Plan to exceed one times the annual rate of his total Remuneration per annum from any Participating Company employing him.

  • Where Shares which have been issued under the Plan or any other Discretionary Share Option Plan are to be taken into account for the purposes of the limit in Rule 4.1 and a Variation has taken place between the date of issue of those Shares and the date on which the limit is to be calculated, then the number of Shares taken into account for the purposes of the limit will be adjusted in the manner the Grantor considers appropriate to take account of the Variation.

Related to Discretionary Share Option Plan

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

  • Company Stock Option Plan means each stock option plan, stock award plan, stock appreciation right plan, phantom stock plan, stock option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any stock, option, warrant or other right to purchase or acquire capital stock of the Company or right to payment based on the value of Company capital stock has been granted or otherwise issued.

  • Company Stock Option Plans means the Company’s 2000 Employee Stock Option Plan, 1997 Employee Stock Option Plan and 1995 Stock Option Plan, in each case as amended.

  • Stock Option Plan means any stock option plan now or hereafter adopted by the Company or by the Corporation, including the Corporate Incentive Award Plan.

  • Company Stock Plan means any stock option plan or other stock or equity-related plan of the Company.

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

  • Approved Stock Plan means any employee benefit plan which has been approved by the Board of Directors of the Company, pursuant to which the Company's securities may be issued to any employee, officer or director for services provided to the Company.

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

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.

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

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • Plan Share Award or "Award" means a right granted to a Participant under this Plan to earn or to receive Plan Shares.

  • Stock Incentive Plan has the meaning set forth in Section 3(b) of the Agreement.

  • Company Stock Options means any option to purchase Company Common Stock pursuant to any Company Stock Plans.

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

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

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

  • Share Option Scheme ’ means the share option scheme adopted by the Company on

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

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

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

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

  • 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.

  • 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.

  • 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.

  • Equity Award means any option, restricted stock award, restricted stock unit award, stock appreciation right or other equity award to acquire shares of the Company’s common stock granted or issued to the Executive.