Employee Optionee definition
Examples of Employee Optionee in a sentence
In the event of termination of Optionee's consulting relationship or status as an Employee, Optionee may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant.
The phrase "GOOD REASON" shall mean the occurrence of, without Optionee's express written consent, any material demotion of an Employee Optionee from the position and the responsibilities which existed prior to the Change in Control, or Optionee's death or Permanent Disability.
In the event of termination of Optionee's consulting relationship or Continuous Status as an Employee, Optionee may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant.
If Optionee ceases to serve as an Employee for any reason other than death or disability and thereby terminates Optionee’s Continuous Status as an Employee, Optionee shall have the right to exercise this Option at any time within thirty (30) days after the date of such termination to the extent that Optionee was entitled to exercise this Option at the date of such termination.
In the event of termination of Optionee's Continuous Status as an Employee, Optionee may, but only within thirty (30) days after the date of such termination (but in no event later than the date of expiration of the term of this Option as set forth in Section 10 below), exercise this Option to the extent that Optionee was entitled to exercise it at the date of such termination.
No incentive stock option granted under Article III shall be transferable otherwise than by will or by the laws of descent and distribution and, during the lifetime of the Employee Optionee to whom any option is granted, it shall be exercisable only by such Employee Optionee.
In the event of termination of Optionee's Continuous Status as an Employee, Optionee may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), exercise this Option for a period of ninety (90) days after the Termination Date (but in no event later than the Expiration Date).
Any notice which is required to be given to the Employee Optionee shall, if the Employee Optionee is then deceased, be given to the Employee Optionee's personal representative if such representative has previously informed the Company of his status and address by written notice under this Section 5.
Each grant of a Key Employee Option shall be made subject to the execution by the Key Employee Optionee of a Noncompetition Agreement or other confidentiality and noncompetition agreement mutually acceptable to Tyler and Shareholder, and investment representations and an offeree/purchaser questionnaire mutually acceptable to Tyler and the Shareholder.
Notwithstanding any other provision of the Plan, the aggregate fair market value (determined as of the time the incentive stock option is granted) of the Common Stock with respect to which incentive stock options are exercisable for the first time by an Employee Optionee during any calendar year cannot exceed $100,000 as provided under Section 422A(b)(7) of the Code.