Existing Share Option definition

Existing Share Option means a right to acquire Shares already in issue pursuant to this Scheme and for the time being subsisting;
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Existing Share Option means a right to acquire Shares already in issue pursuant to this Scheme and for the time being subsisting; “the Grantor” means the person by whom an Option has been granted pursuant to the Rules of this Scheme;
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Examples of Existing Share Option in a sentence

  • At the Extraordinary General Meeting, an ordinary resolution will be proposed for the Company to approve and adopt the New Share Option Scheme and to terminate the Existing Share Option Scheme.

  • LETTER FROM THE BOARD As at the Latest Practicable Date, there were 502,838,663 Shares in issue, The particulars of the options granted, exercised, lapsed or cancelled under the Existing Share Option Scheme as at the Latest Practicable Date are set forth below: A summary of the principal terms of the New Share Option Scheme is set out in Appendix I to this circular.

  • Except that no further options may be granted under the Existing Share Option Scheme consequent upon its termination, all the other provision of the Existing Share Option Scheme will remain in force so as to give effect to the exercise f all outstanding options granted under the Existing Share Option Scheme prior to 1st September, 2001 and all such options will remain valid and exercisable in accordance with the provisions of the Existing Share Option Scheme.

  • Accordingly, the Company proposes to adopt the New Share Option Scheme which complies with the rules of Chapter 17 as amended and to terminate the Existing Share Option Scheme.

  • The Directors are of the opinion that it is in interest of the Company to adopt the New Share Option Scheme and to terminate the Existing Share Option Scheme.

  • On 12th July, 1997, the Company adopted the Existing Share Option Scheme.

  • The purpose of this circular is to provide you with further details in respect of the proposed adoption of the New Share Option Scheme and termination of the Existing Share Option Scheme.

  • As a result of the Stock Exchange amending Chapter 17 (Share Option Schemes) of the Listing Rules on 1st September, 2001, certain terms of the Existing Share Option Scheme are no longer in compliance with the rules of Chapter 17 as amended and the Company can no longer grant any further options under the Existing Share Option Scheme without being in breach of the rules of Chapter 17 as amended.

  • At the Extraordinary General Meeting, an ordinary resolution will be proposed for the Company to terminate the Existing Share Option Scheme and to approve and adopt the New Share Option Scheme, pursuant to which Eligible Participants may be granted options to subscribe for Shares upon and subject to the terms and conditions of the rules of the New Share Option Scheme.

  • The purpose of this circular is to provide the Shareholders further details regarding the proposed adoption of the 2023 Share Award Scheme.ADOPTION OF THE 2023 SHARE AWARD SCHEMEThe Existing Share Award Scheme, the Existing EIL Share Award Scheme and the Existing Share Option Scheme were adopted on 21 August 2014, 19 January 2021 and 3 June 2014 respectively.

Related to Existing Share Option

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

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

  • Share Option Scheme ’ means the share option scheme adopted by the Company on

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).

  • Parent Stock Option means any option to purchase Parent Common Stock.

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

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

  • Company Stock Option means each option to purchase shares of Company Common Stock outstanding under the Company Stock Plans.

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

  • Non-Qualified Share Option means an Option that is not intended to be an Incentive Share Option.

  • Approved Stock Plan means any employee benefit plan which has been approved by the Board of Directors of the Company, pursuant to which the Company's securities may be issued to any employee, officer or director for services provided to the Company.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • 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.

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

  • Company Stock Option Plan means the Company's 1999 Stock Option Plan.

  • Parent Option means an option to purchase shares of Parent Common Stock.

  • 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.

  • Company Stock Option Plans means the 1996 Equity Incentive Plan, 1998 Stock Option Plan for Non-Employee Directors and 1999 Employee Stock Option Plan.

  • Company Stock Options means issued and outstanding options to acquire Company Common Stock which were granted under the Company Stock Option Plans.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

  • 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.

  • Incentive Option means an option which satisfies the requirements of Code Section 422.