Examples of LTIP Options in a sentence
The per share exercise price of such LTIP Options will equal the weighted average and the exchange rate of a Share for the five (5) day period immediately preceding the grant date.
Except as set forth in this Agreement, all equity or equity-based awards shall be governed by the terms and conditions of the Equity Plan and applicable award agreement, including but not limited to the Sign-On Options, LTIP Options and LTIP RSUs.
The LTIP Options shall vest in three (3) equal tranches over a period of three (3) years from the grant date and once vested will remain exercisable for a term not to exceed five (5) years from the grant date under the Equity Plan.
The exercise price of the LTIP Options is US$1.1852 per LTIP Option (approximately HK$9.1853 per LTIP Option).
LTIP Option Offer As at the date of this announcement, there are 1,518,800 LTIP Options granted under the LTIP (all of which have vested and are exercisable), each giving the LTIP Option Holder the right to subscribe for one new Share per LTIP Option (if the Board determines, in its absolute discretion, to settle with Shares).
In the event that Executive terminates his employment due to death under Section 4.A. or Disability under Section 4.B., such LTIP Options shall be 100% vested and Executive or his estate shall have three years after such termination (but in no event beyond the original option term) to exercise the option.
As of March 31, 2019, the total number of AO LTIP Options outstanding was 1,657,948 (December 31, 2018 - 1,387,289) with a weighted average exercise price of $22.51 (December 31, 2018 - $22.51).
As of June 30, 2019, the total number of AO LTIP Options outstanding was 1,657,948 (December 31, 2018 - 1,387,289) with a weighted average exercise price of $22.51 (December 31, 2018 - $22.51).
So long as Executive remains continuously employed by the Company, the LTIP Options shall become exercisable 33 1/3% on July 29, 2003, 33 1/3% on July 29, 2004 and an additional 33 1/3% on July 29, 2005 (unless accelerated pursuant to the LTIP, the REI LTIP or another provision of this Agreement), such that the LTIP Options will become 100% exercisable on July 29, 2005.
In the event Executive's employment is terminated by the Company for Cause (for reasons other than Section 4.D.(iv)), he shall immediately forfeit all of the unexercised LTIP Options.