Employee Option definition

Employee Option means an Option granted pursuant to Section 5.

Employee Option means each Company Option granted to a holder thereof in such holder’s capacity as an employee service provider of the Company or any of its Subsidiaries for applicable employment Tax purposes.

Employee Option means a Company Option granted to the original holder thereof in such holder’s capacity as an employee of the Company for applicable employment Tax purposes or who received such Company Option in his or her capacity as a Company Employee.

Examples of Employee Option in a sentence

• To the extent not exercised, installments shall accumulate and be exercisable, in whole or in part, at any time after becoming exercisable, but not later than the date the Employee Option expires.

• The failure of either party hereto to enforce at any time any provision of this Employee Option Agreement shall in no way be construed to be a waiver of such provision or of any other provision hereof.

• This Employee Option Agreement shall be governed by and construed in accordance with the laws of the State of Delaware without reference to principles of conflict of laws.

• This Employee Option Agreement may be executed in two or more counterparts, each of which shall be an original but all of which together shall represent one and the same agreement.

• This Employee Option Agreement cannot be changed or terminated orally.

More Definitions of Employee Option

Employee Option means an option to purchase shares of Common Stock issued under the Option Plan or other equity award plan of Holdings.

Employee Option means any option to purchase Common Stock for cash which is granted by or with the approval of the Compensation Committee to any director, officer, employee or consultant of the Corporation or any subsidiary of the Corporation pursuant to either (i) the Corporation's 1993 Stock Option Plan or the Corporation's 1994 Stock Option Plan as in effect on the Closing Date or (ii) any other option plan adopted by the Corporation after the Closing Date with the prior approval of the Majority Holders, in each case as the same may be amended from time to time with the prior approval of the Majority Holders.

Employee Option means each Vested Company Option that was granted to the holder in the holder’s capacity as, or that had vesting tied to the holder’s performance of services as, an employee service provider of the Company for applicable employment Tax purposes pursuant to the applicable award agreement.

Employee Option means each Company Option that was granted to the holder in the holder’s capacity as an employee of the Company or its Subsidiaries for applicable employment Tax purposes as specified in the Closing Consideration Schedule.

Employee Option means each Option granted to an Optionholder that was an employee of the Company for applicable employment Tax purposes at the time the Option was granted or at any time thereafter during the vesting period for such Option.

Employee Option means an option granted pursuant to the Plan to an individual who, at the time of grant, is an employee of the Company or any of its Subsidiaries.

Employee Option means an option to purchase Stock granted pursuant to the terms and conditions of Article 5 below.