Exercisability of Options definition

Exercisability of Options. Notwithstanding, any option plan or other instrument governing the issuance or exercisability thereof, all options to purchase common stock of the Company granted to the Executive pursuant to this Agreement, the Employment Agreement or otherwise shall remain exercisable for their respective ten-year terms. In the event a Transaction (hereinafter defined) occurs after the date hereof but before the option is exercised, then (and in the case of each such Transaction) the option shall continue in existence and the optioned stock shall represent, in lieu of the Company common stock issuable upon exercise before the Transaction, the amount of cash, securities or other property to which the Executive would be entitled as a stockholder of the Company with respect to the optioned stock upon occurrence of the Transaction; provided, however, that the Executive may elect in his sole discretion for such options to be treated in the same manner, if different from the treatment provided in this sentence, that any other options held by any person are treated in connection with such Transaction. A "Transaction" means any one or more transactions in which the
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Examples of Exercisability of Options in a sentence

  • Company Without Cause or by the Grantee For or Without Good Reason on Exercisability of Options.

  • Exercisability of Options Upon Termination of Relationship with the Company.

  • Conditions for All or a Portion of an Award to Remain Outstanding Following a Termination of Employment and Exercisability of Options Following a Termination of Employment71.

  • Conditions for All or a Portion of an Award to Remain Outstanding Following a Termination of Employment and Exercisability of Options Following a Termination of Employment61.

  • Vesting and Exercisability of Options (a) Post-Service Exercise Period Subject to the provisions of Section 3(b) (Death or Disability), Section 3(c) (Termination of Service After Age 75), and Section 3(d) (Change in Control Termination), all rights to exercise this option shall terminate thirty (30) days after the Director ceases to serve as a member of the Board.

  • Unless otherwise expressly determined by the Committee, any extension of the term of an Option pursuant to this Section 5.4.3 shall comply with Section 409A of the Code to the extent applicable.5.5 Exercisability of Options.

  • Effect of Termination of Employment by the Company Without Cause or by the Grantee For or Without Good Reason on Exercisability of Options.

  • Section 5.5 is hereby amended in its entirety to read as follows: 5.5 Exercisability of Options.

  • Condition to Vesting of Award Prior To a Scheduled Vesting Date or the PSU Scheduled Vesting Date and Exercisability of Options Following Termination13I.

  • Acceleration of Exercisability of Options Upon occurrence of Certain Events.

Related to Exercisability of Options

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • SARS means the South African Revenue Service.

  • Tandem Stock Appreciation Right means the right to surrender to the Company all (or a portion) of a Stock Option in exchange for an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion thereof) is surrendered, of the Common Stock covered by such Stock Option (or such portion thereof), and (ii) the aggregate exercise price of such Stock Option (or such portion thereof).

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Number of Options For each Component, as provided in Annex A to this Confirmation.6 Option Entitlement: One Share Per Option Strike Price: USD [_____] Cap Price: USD [_____]; provided that in no event shall the Cap Price be reduced to an amount less than the Strike Price in connection with any adjustment by the Calculation Agent under this Confirmation.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • INDEPENDENT STOCK APPRECIATION RIGHT or "INDEPENDENT RIGHT" means a right granted pursuant to subsection 8(b)(3) of the Plan.

  • Stock Appreciation Right or “SAR” means a right to receive the appreciation on Common Stock that is granted pursuant to the terms and conditions of Section 5.

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

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • CONCURRENT STOCK APPRECIATION RIGHT or "CONCURRENT RIGHT" means a right granted pursuant to subsection 8(b)(2) of the Plan.

  • option-based award means an award under an equity incentive plan of options, including, for greater certainty, share options, share appreciation rights, and similar instruments that have option-like features;

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Nonqualified Stock Option means an Option that is not an Incentive Stock Option.

  • SAR means a stock appreciation right granted under the Plan.

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • Stock Appreciation Right Agreement means a written agreement between the Company and a holder of a Stock Appreciation Right evidencing the terms and conditions of a Stock Appreciation Right grant. Each Stock Appreciation Right Agreement will be subject to the terms and conditions of the Plan.

  • Date of Option Grant means the effective date of grant of the Option as set forth in the Notice.

  • Stock Appreciation Rights or “SAR” means a right granted to a Participant under Section 6(c).

  • Stock Appreciation Rights Agreement means a written agreement between the Company and a Holder with respect to an Award of Stock Appreciation Rights.

  • Incentive Stock Options means Option Rights that are intended to qualify as “incentive stock options” under Section 422 of the Code or any successor provision.

  • Company Stock Options means any option to purchase Company Common Stock pursuant to any Company Stock Plans.