Initial Option Grant definition

Initial Option Grant means the automatic award of options under the Plan as set forth in Section 6(h).

Initial Option Grant means that certain option to purchase 20,000 Common Shares pursuant to the Company's 2002 Stock Incentive Plan, granted to each Third Point Designee upon his or her election as a non-employee member of the Board of Directors of the Company.

Initial Option Grant means an Option granted to a Non-Employee Director who meets the criteria specified in subsection 6(a) of the Plan.

Examples of Initial Option Grant in a sentence

• The Initial Option Grant will vest in a series of thirty-six (36) substantially equal monthly installments after the date of grant, such that the Initial Option Grant will be fully vested on the third anniversary of the date of grant, subject to the Eligible Director’s Continuous Service (as defined in the Plan) on each applicable vesting date.

• Each Initial Option Grant will vest in a series of 36 successive equal monthly installments over the three-year period measured from the date of grant.

• The exercise price of each Initial Option Grant and Annual Option Grant will be equal to 100% of the Fair Market Value of the Common Stock subject to such option on the date such option is granted.

• The shares subject to each Initial Option Grant will vest on the one year anniversary of the date of grant, subject to the Eligible Director’s Continuous Service (as defined in the Plan) through each such vesting date.

• The “Vesting Commencement Date(s)” for the Option shall be as follows: (A) for the Initial Option Grant, the Vesting Commencement Date shall be March 15, 2019, and (B) for the Milestone Option Grant, the Vesting Commencement Date shall be the date of the Milestone Closing (as defined in the Series B Preferred Stock Purchase Agreement dated as of March 15, 2019 (the “Purchase Agreement”)).

More Definitions of Initial Option Grant

Initial Option Grant means the grant of stock options described in Section 6(h) of the Protection One, Inc. Stock Option Plan.

Initial Option Grant has the meaning ascribed thereto in Section 4.10.

Initial Option Grant means the nonqualified stock option to acquire 15,000 shares of the Company's Common Stock described in Section 3.B.(iv) hereof to be granted to Executive under the Long-Term Incentive Plan.

Initial Option Grant means the grant of options provided in Section 4(a)(5).

Initial Option Grant the Option granted to you under the Company's 1999 Equity Incentive Plan in December 2002 to purchase 200,000 shares of Common Stock

Initial Option Grant has the meaning set forth in Section 2.11.

Initial Option Grant means an Award of Options granted to an Outside Director who meets the specified criteria pursuant to Section 5(b) of the Plan.