New Management Options definition

New Management Options means Options that are not Rollover Options.
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New Management Options means nine year options to purchase up to 10 percent (10%) of the fully-diluted New Sunterra Common Stock issued under this Plan, giving effect to the shares that will be issued upon exercise of such options and upon exercise of the New Sunterra Warrants.
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New Management Options has the meaning set forth in Section 3.05(f).
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Examples of New Management Options in a sentence

  • Of the shares reserved for New Management Options, twenty percent (20%) shall be available for grant of Time Vested Options, and eighty percent (80%) shall be available for grant of Performance Vested Options.

  • From and after the Effective Date, the Board of Directors of Reorganized Sunterra is further authorized to approve the Reorganized Debtors' issuance from time to time of all New Management Options to purchase shares of New Sunterra Common Stock, and the shares of New Sunterra Common Stock issuable upon exercise of such options, under the New Management Incentive Plan in accordance with the terms therein.

  • New Management Options means seven (7) year options to purchase up to twelve percent (12%) of the fully-diluted New AMF Common Stock issued under the Plan, giving effect to the shares that will be issued upon exercise of such options and upon exercise of the New Warrants.

  • All Options shall be separately designated Incentive Stock Options or Nonqualified Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates will be issued for shares of Stock purchased on exercise of each type of Option; provided, however, that New Management Options shall be Nonqualified Stock Options.

  • New Management Options shall vest and become exercisable in such manner and on such date or dates set forth in subsections (i) and (ii) below; provided, however, that notwithstanding such vesting dates, the Committee may in its sole discretion accelerate the vesting of any New Management Option, which acceleration shall not affect the terms and conditions of any such New Management Option other than with respect to vesting.

  • Subject to Section 10 hereof relating to adjustments, the total number of shares of Stock which may be issued pursuant to the exercise of New Management Options shall not exceed, in the aggregate, 35,340 shares of Stock.

  • New Management Options shall vest and become exercisable in such manner and on such date or dates set forth in subsections (i) and (ii) below; provided, however, that notwithstanding such vesting dates, the Committee may in its sole discretion accelerate the vesting of any Option, which acceleration shall not affect the terms and conditions of any such Option other than with respect to vesting.

  • All Options shall be separately designated Incentive Stock Options or Nonqualified Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates will be issued for shares of Stock purchased on exercise of each type of Option; provided, however, that, New Management Options and Repurchase Options shall be Nonqualified Stock Options.

  • Notwithstanding Sections 4(a), 7 and 8 of the Plan, all unissued New Management Options and any forfeited Rollover Options or New Management Options shall vest and become exercisable in such manner and on such date or dates set forth in the Option Agreement, as may be determined by the Committee.

  • To the extent that any percentage of a Participant’s New Management Options expire in accordance with the terms of the Incentive Plan, an equivalent percentage of such Participant’s Deferred Compensation Account shall be forfeited, and a Participant shall have no further right or interest with respect to such forfeited portion under the Plan.


More Definitions of New Management Options

New Management Options means the options to be granted under the New Management Incentive Plan.
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New Management Options. It is expected that the management of the surviving company will receive new performance-based stock options accounting for 12% of the Company's stock.
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Related to New Management Options

  • Replacement Options has the meaning ascribed thereto in Section 1.1 of the Plan of Arrangement;

  • Parent Options means options or other rights to purchase shares of Parent Common Stock issued by Parent.

  • Investment Options means the investment options, as determined from time to time by the Committee, used to credit earnings, gains and losses on Account balances.

  • Investment Option means any of the guaranteed investments and variable investment funds available under the Plan.

  • Parent Option means an option to purchase shares of Parent Common Stock.

  • Replacement Option means an Option that is granted when a Participant uses a Common Share held or to be acquired by the Participant to exercise an Option and/or to satisfy tax withholding requirements incident to the exercise of an Option.

  • Compensation Options means the options of the Company to be issued to the Agent pursuant to Section 8.2 hereof to acquire Compensation Shares;

  • System for Award Management (SAM means the primary Government repository for prospective Federal awardee and Federal awardee information and the centralized Government system for certain contracting, grants, and other assistance-related processes. It includes—

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Rollover Options has the meaning provided in Subsection 3.1(h).

  • Incentive Plans means any incentive, bonus, deferred compensation or similar plan or arrangement currently or hereafter made available by Employer in which Executive is eligible to participate.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • Incentive means a term or condition whose purpose is to motivate the Contractor to provide supplies or services at lower costs, and in certain instances with improved delivery or technical performance, by relating the amount of profit or fee earned to the Contractor’s performance.

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

  • 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.

  • 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.

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

  • Option Plans has the meaning assigned thereto in Section 2.5(b).

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

  • Options means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.

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

  • Equity Incentive Plans means any equity incentive plans for officers, employees or Directors of the Company.

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;