EMI Option definition

EMI Option means a qualifying EMI option which meets the requirements of Schedule 5 of ITEPA.

EMI Option means an option granted under this UK Sub-Plan which is a qualifying option for the purposes of the EMI Code as defined in section 527(4) of ITEPA;

EMI Option means an enterprise management incentive option which is a qualifying option for the purposes of Schedule 5.

Examples of EMI Option in a sentence

• The options for the 2020 EMI Option Scheme vest two years after the date of grant.

• While an Option is intended to take effect as an EMI Option, no warranty is given by the Company that it will in fact qualify as an EMI Option.

• The terms of each EMI Option permit the Directors to place any performance conditions as they see ¢t.

• Where the EMI Option is opted for and specified as such in the Certificate of Insurance, any payments that are overdue and unpaid by the Insured Person prior to the occurrence of the event giving rise to a claim under this benefit will not be considered for the purpose of this benefit and shall be deemed as paid by the Insured Person.

• The option exercise price cannot be less than the market value of the Ordinary Shares at the date of grant and the maximum market value per participant of such Ordinary Shares subject to any CSOP Option and EMI Option in any three year period cannot exceed £30,000.

More Definitions of EMI Option

EMI Option means an option granted under Schedule 5 (enterprise management incentives) to ITEPA 2003 held by employees of any Acquired Companies to acquire any shares in the capital of the Company.

EMI Option means an Option which is a qualifying option to acquire shares for the purposes of Chapter 9 of Part 7 of the 2003 Act;

EMI Option means an option that satisfies the requirements of Schedule 5 of ITEPA.

EMI Option means an Option granted in accordance with the provisions of Rule 9;

EMI Option means an Option which is a qualifying option to acquire shares for the purposes of Schedule 14;

EMI Option a Pre-IPO King Option granted under Schedule 5 Income Tax (Earnings and Xxxxxxxx) Xxx 0000 (Enterprise Management Incentive) of the United Kingdom;

EMI Option means an Option which is intended to be a qualifying enterprise management incentive option pursuant to Schedule 5.