Forest Stock Option definition

Forest Stock Option means an option to acquire Forest Common Stock granted pursuant to a Forest Incentive Plan that is held by a Continuing Spinco Employee as of the Effective Time.
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Examples of Forest Stock Option in a sentence

  • Without limiting the scope of the preceding sentence, (i) all prior understandings and agreements, if any, among the parties hereto relating to the subject matter hereof are hereby null and void and of no further force and effect, and (ii) this Agreement and this Option replace the Forest Stock Option to the extent pertaining to the Unvested Forest Stock Option, and Employee shall have no right or claim against the Company or its Affiliates in respect of the Forest Stock Option.

  • The exercise of a Vested Forest Stock Option on or after the Distribution Date shall be subject to the terms of the Forest Stock Option agreement evidencing such option after giving effect to the foregoing provisions of this Section 3.1. Not later than immediately before the Distribution, Forest shall have taken such actions as may be required to effect this Section 3.1.

  • Effective as of the Distribution Date, each Forest Stock Option held by a Spinco Employee who is eligible for retirement as of the Distribution Date under the terms of the Forest Stock Option agreement evidencing such option shall be 100% exercisable and such option shall be a Vested Forest Stock Option for purposes hereof.

  • For the avoidance of doubt, each Forest Stock Option for which the exercise price per share of Forest Common Stock applicable to such Forest Stock Option equals or exceeds the Forest Stock Measurement Price shall be cancelled pursuant to this Section 2.4(a) for no consideration.

  • Effective as of the Distribution Date, (a) each Spinco Employee shall not be considered to have terminated employment with respect to each Unvested Forest Stock Option held by such employee (and the applicable Forest Incentive Plan as it relates to such option) and (b) each Unvested Forest Stock Option held by such employee shall be subject to adjustment as provided in the Merger Agreement.

  • For the avoidance of doubt, each Forest Stock Option for which the exercise price per share of Forest Common Stock applicable to such Forest Stock Option equals or exceeds the Forest Stock Measurement Price shall be cancelled pursuant to this Section 2.1(a) for no consideration.

Related to Forest Stock Option

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

  • 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.

  • Company Stock Option Plan means each share option plan, share award plan, share appreciation right plan, phantom share plan, share option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any share, option, warrant or other right to purchase or acquire shares of the Company or right to payment based on the value of Company shares has been granted or otherwise issued.

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

  • 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.

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

  • Company Stock Option Plans shall have the meaning set forth in Section 3.07(a).

  • Incentive Stock Option means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.

  • 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.

  • Stock Option Plan means any stock option plan now or hereafter adopted by the Company or by the Corporation, including the Corporate Incentive Award Plan.

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

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

  • Non-Statutory Stock Option means a right to purchase Common Stock granted to an Eligible Recipient pursuant to Section 6 of the Plan that does not qualify as an Incentive Stock Option.

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

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

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

  • Incentive Option means an Option which by its terms is to be treated as an “incentive stock option” within the meaning of Section 422 of the Code.

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

  • Restricted Stock Grant means Shares awarded under the Plan as provided in Section 9.

  • Notice of Stock Option Grant means the document so entitled to which this Agreement is attached.

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

  • Stock Option Agreement means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to his or her Option.

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

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

  • 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.