Eligible Stock Options definition

Eligible Stock Options means the employee stock options granted to Employee to the extent vested but not purchased (i.e., exercised) by Employee, as of the Termination Date that have a per share exercise price greater than the per share closing market price of Portal common stock on the Effective Date of this Agreement. As of the Termination Date, Employee will be entitled to receive a refund of any accrued but unused Employee Stock Purchase Plan (ESPP) contributions. Employee may elect optional health insurance continuation under COBRA following the Extended COBRA Coverage Period at Employee’s expense.
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Eligible Stock Options means any and all vested but unexercised Company stock options for which the Fair Market Value (as defined in the Company’s Amended and Restated 2011 Omnibus Incentive Plan) of the Common Stock is greater than the exercise price of such stock option. The Shares that the Company elects to purchase pursuant to this subsection (a) are hereinafter referred to as the “Purchased Shares.”
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Eligible Stock Options means any and all vested Stock Options with an exercise price greater than the per share “Market Value” of Common Stock (as determined below).
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Examples of Eligible Stock Options in a sentence

  • Please see Section 1 of The Exchange Offer, entitled “General Information (Eligible Participants, Eligible Stock Options, Expiration Date, Etc.),” for more information.

  • Determination of Validity; Rejection of Eligible Stock Options; Waiver of Defects; No Obligation to Give Notice of Defects.

  • Once you have withdrawn eligible stock options, you may again surrender these stock options for exchange by following the procedures for properly surrendering eligible stock options as described in Section 3, Procedures for Surrendering Eligible Stock Options, prior to the deadline noted above.

  • To participate, stock options must be properly surrendered in accordance with Section 3, Procedures for Electing to Exchange Eligible Stock Options, and not validly withdrawn pursuant to Section 4, Withdrawal Rights, before the expiration of the Exchange Offer.

  • If you have withdrawn an election to exchange eligible stock options, you may again elect to exchange these stock options by following the procedures for properly surrendering stock options as described in Section 3, Procedures for Electing to Exchange Eligible Stock Options, prior to the deadline noted above.

  • Your surrender of eligible stock options pursuant to the procedures described above constitutes your acceptance of the terms and conditions of the Exchange Offer and will be controlling, absolute and final, subject to your withdrawal rights under Section 4, Withdrawal Rights, and our acceptance of your surrendered stock options in accordance with Section 5, Acceptance of Eligible Stock Options; New Stock Options.

  • If you elect to exchange eligible stock options and later change your mind, you may notify us before the Exchange Offer expires by updating your election and withdrawing all (and not less than all) of your eligible stock options from the Exchange Offer by submitting an updated election form following the same procedure as set forth in Section 3, Procedures for Electing to Exchange Eligible Stock Options, above.

  • See Section 1, Eligible Stock Options; Eligible Optionholders; Expiration Date, for a table showing the exchange ratios for the Exchange Offer.

  • Please see Section 1 of The Exchange Offer, entitled “General Information (Eligible Participants, Eligible Stock Options, Expiration Date, Etc.),” Section 5 of The Exchange Offer, entitled “Acceptance and Cancellation of Eligible Stock Options; Granting of Replacement Options,” and Section 6 of The Exchange Offer, entitled “Terms of Replacement Options,” for more information.

  • Please see Section 1 of The Exchange Offer, entitled “General Information (Eligible participants, Eligible Stock Options, Expiration Date, Etc.),” Section 3 of The Exchange Offer, entitled “Procedure for Participating in the Exchange Offer,” and Section 4 of The Exchange Offer, entitled “Withdrawal Rights; Procedure for Changing and Withdrawing Elections,” for more information.


More Definitions of Eligible Stock Options

Eligible Stock Options means any and all vested but unexercised Stock Options for which the Fair Market Value of the Common Stock is greater than the Exercise Price. If the Corporation’s repurchase option is exercised, the Participant shall sell the Purchased Shares to the Corporation and the Corporation shall purchase the Purchased Shares from the Participant at a purchase price (the “Purchase Price”) equal to the product of (i) the number of Purchased Shares held by the Participant on the date of purchase multiplied by the (ii) the Fair Market Value of a Share as of the date written notice is delivered to Participant exercising the purchase option; provided, that, in the case of Eligible Stock Options, the Purchase Price shall equal the product of (x) the number of Eligible Stock Options held by the Participant as of the date of purchase multiplied by (y) the excess, if any, of (A) the Fair Market Value of a Share over (B) the Exercise Price of the Eligible Stock Option. Notwithstanding anything in this Agreement to the contrary, this Section 5 shall not apply on or after the date of an initial public offering pursuant to which the Corporation’s Common Stock becomes publicly traded on an established securities exchange.
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Eligible Stock Options. As defined in Article 3 of this Stock Options Acceleration Agreement.
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Eligible Stock Options refer to options granted to the Executive to acquire: (i) 225,000 shares of the Company's common stock at an exercise price of $3.40 per share granted on May 22, 2001; (ii) 150,000 shares of the Company's common stock at an exercise price of $5.00 per share granted on May 22, 2001; and (iii) 150,000 shares of the Company's common stock at an exercise price of $5.30 per share granted on May 13, 2002.
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Related to Eligible Stock Options

  • Incentive Stock Options means Option Rights that are intended to qualify as “incentive stock options” under Section 422 of the Code or any successor provision.

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

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

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

  • 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.

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

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

  • 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.

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

  • Company Stock Option Plans shall have the meaning set forth in Section 3.07(a).

  • INDEPENDENT STOCK APPRECIATION RIGHT or "INDEPENDENT RIGHT" means a right granted pursuant to subsection 8(b)(3) of the Plan.

  • 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.

  • SARS means the South African Revenue Service.

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

  • Incentive Stock Option means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

  • Eligible Shares has the meaning set forth in Section 4.1(a).

  • 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.

  • Company Stock Option Plan means each share option plan, share award plan, share appreciation right plan, phantom share plan, share 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 share, option, warrant or other right to purchase or acquire shares of the Company or right to payment based on the value of Company shares has been granted or otherwise issued.

  • Tandem Stock Appreciation Right means the right to surrender to the Company all (or a portion) of a Stock Option in exchange for an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion thereof) is surrendered, of the Common Stock covered by such Stock Option (or such portion thereof), and (ii) the aggregate exercise price of such Stock Option (or such portion thereof).

  • Options means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.

  • 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.

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

  • Stock Appreciation Right or “SAR” means a right to receive the appreciation on Common Stock that is granted pursuant to the terms and conditions of Section 5.

  • 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.

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