Eligible Optionee definition

Eligible Optionee means an Optionee who is actively at work at, or on an approved leave of absence from, the Company or an Affiliate at the time of exercise of an Eligible Option.

Eligible Optionee means an individual who holds an Option who, at the time of making a Deferral Election, is an Employee of the Company or Subsidiary and who is determined to be eligible for participation in the Plan by the Committee.

Eligible Optionee means, with respect to a Non-Qualified Option and/or an Award, any stockholder of the Company, and any person (or any profit sharing or similar plan established in whole or in part for the benefit of any such person) employed by, or performing services for, the Company or any Parent or Subsidiary of the Company including, without limitation, directors and officers of the Company and employees of any stockholder of the Company that is performing services for the Company.

Examples of Eligible Optionee in a sentence

• Except as otherwise provided in this Section 3, this option may not be exercised unless the Optionee, at the time he or she exercises this option, is, and has been at all times since the date of grant of this option, an employee, officer or director of, or consultant or advisor to, the Company (an "Eligible Optionee").

• Any amendment to the terms of outstanding Stock Options shall be subject to the consent of the Eligible Optionee holding such Stock Options.

• Other than a limited right of assignment, subject to the terms upon which the Stock Option is granted, in the event of the death of an Eligible Optionee to allow the exercise of Stock Options by the Eligible Optionee's legal representative, Stock Options shall not be assignable or transferable by the Eligible Optionees.

• Unless the context otherwise requires, the term Eligible Optionee as used herein, shall include any such corporation.

• If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 3 months after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation.

More Definitions of Eligible Optionee

Eligible Optionee means a Person who is a bona fide Director, Officer, Employee, Management Company Employee or Consultant of Indigo or its Subsidiaries who is eligible to be the recipient of Options granted by Indigo, and also includes a Company that is wholly owned by individuals who are Eligible Optionees;

Eligible Optionee means a person eligible to receive an Option pursuant to this Plan as described in Section 2.3 of this Plan.

Eligible Optionee means an individual who is a current employee of the Company (or any subsidiary of the Company) on the Expiration Date, and is or may be subject to income taxation in the United States with respect to an Eligible Option; excluding, however, due to applicable securities and tax laws, any current or former executive officer of the Company and any current or former member of the Company’s Board of Directors and their immediate family members.

Eligible Optionee is each person who is, on the expiration date of the Offer, a current employee of VeriSign or any affiliated entity (such as a subsidiary or joint venture entity) and subject to income taxation in the United States with respect to his or her tendered Eligible Options. None of VeriSign’s current or former executive officers and non-employee members of VeriSign’s Board of Directors are eligible to participate in this Offer.

Eligible Optionee is an individual who is, on the date of this Offer to Amend and the Expiration Date of this Offer, a current employee of EMCORE and subject to income taxation in the United States with respect to his or her Eligible Options. EMCORE ’s executive officers and directors will not participate in this Offer, although it is expected that following this Offer two of our current executive officers, who were not Section 16(b) officers at the time they were granted options that would otherwise constitute Eligible Options, will be given an opportunity to amend the exercise price of those options on terms no more favorable than those made available to all other Eligible Optionees in this Offer.

Eligible Optionee is an individual who is, on the date of this Offer to Amend and the Expiration Date of this Offer, a current employee of Exide and subject to income taxation in the United States with respect to his or her Eligible Options. Exide’s executive officers and directors will not participate in this Offer, although it is expected that following this Offer they will be given an opportunity to amend the exercise price of their options on terms no more favorable than those made available to all other Eligible Optionees in this Offer.

Eligible Optionee means a holder of an Option who is (i) an executive of the Company or a subsidiary, (ii) subject to the Guidelines and (iii) a member of a select group of management or highly compensated employees, as described in Sections 201, 301 and 401 of the Employee Retirement Income Security Act of 1974, as amended.