Option Exchange Program means a program whereby outstanding Options are surrendered in exchange for Options with a lower exercise price.
Option Exchange Ratio means the quotient of (i) the Common Per Share Consideration divided by (ii) the Acquirer Stock Price.
Option Exercise Date has the meaning specified in Section 2.1.
Nonstatutory Option means a stock option not described in Sections 422(b) or 423(b) of the Code.
Initial Warrant Exercise Date means __________, 1997.
Approved 102 Option means an Option granted pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of the Optionee.
Non-Qualified Option means an Option that is not an Incentive Stock Option.
Grant Agreement/Grant Number means Grant Number [Grant Agreement Number] awarded to Grantee.
Nonqualified Option means any Option that is not an Incentive Stock Option.
Initial Exercise Date shall have the meaning ascribed to such term in the Preamble.
Exercise Date means the last day of each Offering Period.
Foreign Exchange (FX) or “FX-like” Service means a retail service offering which allows FX End Users to obtain Exchange Service from a mandatory local calling area other than the mandatory local calling area where the FX End User is physically located, but within the same LATA as the number that is assigned. FX Service enables particular End Users to avoid what might otherwise be toll calls between the FX End User’s physical location and other End Users in the foreign exchange.
Daily Option Value For any Valid Day, an amount equal to (i) the Option Entitlement on such Valid Day, multiplied by (ii) (A) the lesser of the Relevant Price on such Valid Day and the Cap Price, less (B) the Strike Price on such Valid Day; provided that if the calculation contained in clause (ii) above results in a negative number, the Daily Option Value for such Valid Day shall be deemed to be zero. In no event will the Daily Option Value be less than zero.
Related Option means an Option with respect to which a Stock Appreciation Right has been granted.
Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.
Non-Statutory Option means an option not intended to satisfy the requirements of Code Section 422.
Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.
Reload Option means any Option granted under Section 6(a)(iv) of the Plan.
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.
Foreign Exchange Rate means for any day that rate for the currency in question as published at 12:00 Eastern Standard Time, by the Bank of Canada in the City of Ottawa.
Initial Exercise Price shall have the meaning set forth in Section 2.4.1.
Option Exercise Period has the meaning set forth in Section 6.4.
Aggregate Option Exercise Price means, as of any date of determination, the sum of the exercise prices payable upon exercise in full of all Vested Options held by all Optionholders immediately prior to the Effective Time, based on the Estimated Merger Consideration or the Final Adjusted Merger Consideration, as applicable.
Call Option Date As defined in Section 10.01(a) hereof.
Unissued Option Shares means the number of Shares, at a particular time, which have been reserved for issuance upon the exercise of an Option but which have not been issued, as adjusted from time to time in accordance with the provisions of section 5, such adjustments to be cumulative.
Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.