Forfeited Option definition

Forfeited Option means an Assumed Option that shall have been forfeited and prematurely cancelled (without ever having been exercised) prior to the scheduled termination date of such Assumed Option pursuant to the Company Option Plan during the period between the Effective Time and the Designated Date (it being understood that such scheduled termination date shall be determined without regard to any earlier termination of such Assumed Option by reason of a termination of the holder’s employment); and
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Forfeited Option has the meaning set forth in Section 4.6(c).
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Forfeited Option has the meaning specified therefor in Section ---------------- 6.09(b)(iii).
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Examples of Forfeited Option in a sentence

  • In addition, in the Consultant satisfies the Equity Conditions (as defined below), as determined by the Board in its sole by reasonable discretion, the Consultant shall receive from the Company the Previously Forfeited Option Compensation (as defined below), which such options were previously forfeited by Consultant.

  • For the avoidance of doubt, Consultant acknowledges that he previously forfeited all equity interests in the Company, including, without limitation, (a) the 10,000 shares of non-voting common stock of the Company that will be granted to him by the Company upon execution of this Agreement and (b) the Previously Forfeited Option Compensation.


More Definitions of Forfeited Option

Forfeited Option means a Company Option outstanding immediately prior to the Effective Time held by an individual who does not deliver an executed Option Cancellation Acknowledgment to Buyer within [***] after the Closing.
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Related to Forfeited Option

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • 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.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of immediately prior to the Effective Time or will vest solely as a result of the consummation of the Merger.

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

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Optioned Stock means the Common Stock subject to an Option.

  • Company Option means an option to purchase shares of Company Common Stock granted under the Company Incentive Plan.

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

  • Forfeited means the Insured’s financial Loss of any whole or prorated prepaid

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

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

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • 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.

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

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

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

  • 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.

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

  • 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.

  • Equity Award means any option, restricted stock award, restricted stock unit award, stock appreciation right or other equity award to acquire shares of the Company’s common stock granted or issued to the Executive.

  • RSU Award or “RSU” means an Award of restricted stock units representing the right to receive an issuance of shares of Common Stock which is granted pursuant to the terms and conditions of Section 5(a).

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