Employee Optionholders definition

Employee Optionholders means Optionholders (in their capacity as such) that are employed by the Company, or after the Effective Time the Surviving Corporation, at the time of any payment to such Optionholder under this Agreement.
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Employee Optionholders means Optionholders who are not Non-Employee Optionholders.
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Employee Optionholders means those Optionholders that are current or former employees of the Company.
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Examples of Employee Optionholders in a sentence

  • Any payments to the Employee Optionholders shall be reduced by the applicable withholding Taxes associated with such payments.

  • Under the terms governing the Employee Options, Employee Optionholders have agreed to indemnify the Company in respect of such liabilities (including by way of deductions from salary and/or the sale of shares).

  • Where Employee Optionholders elect to exchange their Employee Options pursuant to the Optionholder Alternative, no tax liability should arise at the point of exchange.

  • An alternative to acceptance of the Offer for Employee Optionholders is being proposed by Loudeye which Optionholders may wish to consider.

  • Parent will cause the Paying Agent to pay the Option Payments payable to holders who are not Employee Optionholders (“Non-Employee Holders”) in accordance with Section 2.2.

  • Employee Optionholders electing to participate in the Optionholder Alternative should note that they will have no right to participate in any Initial Consideration, Deferred Consideration or Earn-Out Consideration as they would have if they exercised their Employee Options and accepted the Offer.

  • Employee Optionholders who choose to exercise their OD2 Options and accept the Offer will be entitled to receive the Initial Consideration, Deferred Consideration and any Earn Out Consideration, as described above.

  • Employee Optionholders electing to participate in the Optionholder Alternative should note that they will have no right to participate in such consideration.

  • The Surviving Corporation shall, or shall cause the Paying Agreement to, pay the Option Cash Payments payable to holders who are not Employee Optionholders.

  • The terms of the Optionholder Alternative are that Employee Optionholders who do not exercise their Employee Options and accept the Offer may elect to exchange their Employee Options for options over Loudeye Shares (the "EXCHANGED OPTIONS"), in the form of the option agreement set out in Appendix VII to this document in place of their existing option agreements.


More Definitions of Employee Optionholders

Employee Optionholders shall have the meaning assigned to it in Section 1.8(b)(i).
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Employee Optionholders means holders of Strathmore Options who are employees of Strathmore;
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Employee Optionholders means those individuals whose names and addresses are set out in part 3 of schedule 1;
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Employee Optionholders means employees and consultants holding Company Share Options;
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Related to Employee Optionholders

  • Optionholders means the holders of Options.

  • Company Optionholders means the holders of Company Options.

  • Company Optionholder means a holder of one or more Company Options;

  • Optionholder means a person to whom an Option is granted pursuant to the Plan or, if applicable, such other person who holds an outstanding Option.

  • Employee Option means an Option granted pursuant to Section 5.

  • Option Holders means the holders of the Options.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of immediately prior to the Effective Time or will vest solely as a result of the consummation of the Merger.

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Option Holder means a Person or Entity who holds an unexercised and unexpired Option or, where applicable, the Personal Representative of such person.

  • Non-Key Employee means any Employee who is not a Key Employee.

  • Shareholder-Employee means a Participant who owns more than five percent (5%) of the Employer's outstanding capital stock during any year in which the Employer elected to be taxed as a Small Business Corporation under the applicable Code Section.

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

  • Nonqualifying Termination means a termination of the Executive’s employment (1) by the Company for Cause, (2) by the Executive for any reason other than a Good Reason, (3) as a result of the Executive’s death or (4) by the Company due to the Executive’s absence from his duties with the Company on a full-time basis for at least 180 consecutive days as a result of the Executive’s incapacity due to physical or mental illness.

  • Continuous Service means that the Participant’s service with the Company or an Affiliate, whether as an Employee, Director or Consultant, is not interrupted or terminated. A change in the capacity in which the Participant renders service to the Company or an Affiliate as an Employee, Consultant or Director or a change in the entity for which the Participant renders such service, provided that there is no interruption or termination of the Participant’s service with the Company or an Affiliate, will not terminate a Participant’s Continuous Service; provided, however, that if the Entity for which a Participant is rendering services ceases to qualify as an Affiliate, as determined by the Board, in its sole discretion, such Participant’s Continuous Service will be considered to have terminated on the date such Entity ceases to qualify as an Affiliate. To the extent permitted by law, the Board or the chief executive officer of the Company, in that party’s sole discretion, may determine whether Continuous Service will be considered interrupted in the case of (i) any leave of absence approved by the Board or chief executive officer, including sick leave, military leave or any other personal leave, or (ii) transfers between the Company, an Affiliate, or their successors. Notwithstanding the foregoing, a leave of absence will be treated as Continuous Service for purposes of vesting in an Award only to such extent as may be provided in the Company’s leave of absence policy, in the written terms of any leave of absence agreement or policy applicable to the Participant, or as otherwise required by law.

  • Qualifying Termination of Employment means a Participant’s Termination of Employment (i) by the Company without Cause or (ii) by the Participant with or without Good Reason or by reason of Retirement.

  • Continuous Status as an Employee, Director or Consultant means the employment or relationship as a Director or Consultant is not interrupted or terminated. The Board, in its sole discretion, may determine whether Continuous Status as an Employee, Director or Consultant shall be considered interrupted in the case of: (i) any leave of absence approved by the Board, including sick leave, military leave, or any other personal leave; or (ii) transfers between locations of the Company or between the Company, Affiliates or their successors.

  • Continuous Status as an Employee or Consultant means the absence of any interruption or termination of service as an Employee or Consultant. Continuous Status as an Employee or Consultant shall not be considered interrupted in the case of sick leave, military leave, or any other leave of absence approved by the Board; provided that such leave is for a period of not more than 90 days or reemployment upon the expiration of such leave is guaranteed by contract or statute.

  • Company Equity Award means a Company Stock Option or a Company Restricted Share granted under one of the Company Stock Plans, as the case may be.

  • 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.

  • Optionee means an Employee or Consultant who receives an Option.

  • Grandfathered Stockholder has the meaning set forth in Section 1.1.

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

  • Non-Vested Shares means any portion of the Restricted Stock subject to this Agreement that has not become vested pursuant to this Section 2.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

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