Initial Options definition

Initial Options means Options granted during or at the completion of an IPO.

Initial Options means those Options granted under this --------------- Plan as of the Effective Date as set forth in Exhibit A hereto.

Initial Options means those options granted to each Eligible Director who becomes a member of the Board automatically on the date of his or her initial election as a director of the Company.

Examples of Initial Options in a sentence

• Initial Options granted to Independent Directors shall become exercisable in thirty-six equal monthly installments of 1/36 of the shares subject to such option on the first day of each calendar month following the date of the Initial Option grant, such that each Initial Option shall be 100% vested on the first day of the 36th month following the date of grant, subject to the director’s continuing service on the Board through such dates.

• During the Term of Employment, the Employee shall, subject to the consummation of the IPO, be eligible to be granted options (in addition to the Initial Options) to purchase Common Shares at such price and subject to such terms as provided by the Company's Initial Stock Option Plan, in the sole discretion of the Board of Directors of the Company.

• Notwithstanding the foregoing, however, Initial Options and Additional Options that have not vested and become exercisable at the time the optionee ceases to be a director shall terminate.

• To the extent permitted under applicable law, any Options granted to Executive hereunder (including the Initial Options) may be assigned and transferred by Executive to entities created for or on behalf of Executive's immediate family for tax planning or other purposes.

• The exercise price for the Initial Options shall be the closing price on the New York Stock Exchange (or such other market on which the Company's stock trades if it is not listed on the New York Stock Exchange) on the trading day which is the eighth month anniversary of the day of the completion of the Distribution (the "Option Pricing Date"), or if the Option Pricing Date is not a trading day, the first trading day thereafter.

More Definitions of Initial Options

Initial Options means Options granted to Directors on the Option Date following the Effective Date or in the initial year that an individual becomes a Director.

Initial Options means the stock options of the Issuer set forth opposite the name of each Management Investor under the heading "Initial Options" on Annex I hereto.

Initial Options means the Options granted pursuant to this Agreement to the Optionee if the Options are specified as Initial Options in Section 2.3.

Initial Options means the Options granted to Participants concurrently with or shortly after the adoption of this Plan.

Initial Options has the meaning accorded such term in Section 2.03.

Initial Options. (as defined in Section 3.5(a)), additional options issued pursuant to Section 3.5(h) and "Additional Options" (as defined in Section 3.6).

Initial Options options to acquire the Company’s Class A Common Stock, par value $.01 per share (“Class A Common Stock”), granted pursuant to the Subscription Agreement and the Company’s Nonqualified Initial Option Plan and in connection with the cancellation of options to acquire shares of Common Stock, par value $1.00 per share, of HCA.