ESOP Options definition
Examples of ESOP Options in a sentence
Subject to the provisions of the ESOP, Options shall vest and become exercisable according to the Vesting Dates set forth in Exhibit B hereto, provided that the Optionee is employed by or provides services to the Company and/or its Affiliates on the applicable Vesting Date.
The Corporation covenants and agrees that it shall take all actions necessary to ensure that no holder of the ESOP Options or the ESOP Shares shall Transfer any of the ESOP Options or the ESOP Shares without the prior written consent of A▇▇▇▇-▇▇▇▇▇▇▇▇.
The issuance of the Venaxis Options shall be adjusted/re-allocated by Strand to then-existing ESOP Option holders for terminations and forfeitures of any ESOP Options pursuant to the Strand Employee Stock Ownership Plans which occur between the date hereof and the First Closing Date; provided, however, no such ESOP Options shall be re-allocated to the chief executive officer, chief financial officer or any other key management employee, director or Affiliate of Strand.
The total pool of ESOP Options will relate to shares in CBD equivalent in number to 6% of the number of Sale Shares (“Option Pool”).
Other than the shares issuable under the ESOP Options, the ▇▇▇▇▇▇ Options, the Deferral Options, the ▇▇▇▇▇▇ Options and the Meridian Options, no subscription, warrant, option or other right or commitment to purchase or acquire from the Company any shares of any class or series of capital stock of the Company, or any other securities of the Company, is authorized or outstanding.