New Option Agreement definition

New Option Agreement shall have the meaning set forth in the fourth “whereas” paragraph.

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New Option Agreement the New Option Agreement dated 2 October 2009 and made between Cayman 4, Cayman 5, Cayman 7 and CEDC, as amended on 30 October 2009;

New Option Agreement has the meaning set forth in Section 14(h) of the Covenants Annex.

Examples of New Option Agreement in a sentence

To the extent permissible under applicable law and the Plan, the Stock Option granted under the New Option Agreement will be granted as incentive stock options.
The New Option Agreement for purposes of Clause 7 of the Option and Subscription Agreement shall mean this Agreement and the terms and conditions set out in the Option and Subscription Agreement, as amended by this Agreement.
This Employment Agreement, together with the Old Option Agreements and the New Option Agreement, sets forth the entire agreement, and supersedes all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof and thereof.
As of the Effective Date, this instrument contains the entire agreement of the parties pertaining to the subject matter contained in it and supersedes and is in lieu of any and all other employment arrangements between Executive and the Company, other than the Confidentiality Agreement, the New Option Agreement, and the Stock Option Agreements between Executive and the Company that are described on the attached Schedule 2.
Any attempted entering into of a New Option Agreement or Transfer of Shares or any interest therein in violation hereof shall be null and void, and the Corporation agrees that no such Transfer shall be recorded on the Corporation’s books and records, and the purported transferee in any such Transfer shall not be treated as the owner of such Shares.
This Agreement, together with the New Option Agreement, contains the entire understanding of the parties to this Agreement with respect to the subject matter contained in this Agreement and supersedes all prior agreements and understandings among the parties with respect to such subject matter, including, without limitation, the Award Agreement.
The New Option Agreement will provide that upon your termination for Cause, any outstanding options that you have (whether vested or unvested) will terminate immediately upon such termination.
This Agreement and the New Option Agreement are the sole and exclusive agreements between the parties as to the matters set forth herein.
In consideration for the surrender and cancellation of the Specified Options, the Company shall provide to the Optionee a new option under the Plan to purchase five hundred thousand (500,000) shares at an exercise price of $0.25 per share in the form, and subject to the terms, conditions and new vesting scheduled set forth in the New Option Agreement attached hereto as Exhibit 1.
Concurrent herewith, Assignor is delivering to Bank possession of the original New Option Agreement, together with any and all amendments thereto, as in effect on the date hereof.

More Definitions of New Option Agreement

New Option Agreement has the meaning given in Recital (B);

New Option Agreement means the replacement option agreement between the City and Concord to be registered against title to the Concord Sites in the LTO on the City Sites Transfer Date, such option agreement to be in the form attached hereto as Schedule "F";

New Option Agreement means the option agreement dated on or about the date of this Agreement by and between the Agent and JSC "STK FIRM" in respect of certain shares in the Borrower;

New Option Agreement shall have the meaning set forth in the fourth “whereas” paragraph. “Notice” shall have the meaning set forth in Section 10(b) hereof. “Offered Stock” shall have the meaning set forth in Section 5(a) hereof. “Options” shall have the meaning set forth in the fourth “whereas” paragraph. “Option Excess Price” shall mean the aggregate amount paid or payable by the Company in respect of Exercisable Option Shares, as determined pursuant to Section 6 or 7, as applicable. “Option Exercise Price” shall mean the then-current weighted average exercise price of the shares of Common Stock covered by the applicable Options. “Option Plan” shall have the meaning set forth in the fourth “whereas” paragraph. “Option Rollover Agreement” shall have the meaning set forth in the fourth “whereas” paragraph. “Option Stock” shall have the meaning set forth in Section 2(a) hereof. “Option Stock Call Price” shall have the meaning set forth in Section 7(a)(B) hereof. “Other Management Stockholders” shall have the meaning set forth in the fifth “whereas” paragraph. “Other Management Stockholders Agreements” shall have the meaning set forth in the fifth “whereas” paragraph. “Participating Buyer” shall have the meaning set forth in Section 5(b). “Parties” shall have the meaning set forth in the introductory paragraph. “Permanent Disability” shall mean “Disability” as such term is defined in any employment agreement between the Management Stockholder and the Company or any of its Subsidiaries, or, if there is no such employment agreement, shall mean “Disability” as defined in the long-term disability plan of the Company. “Permitted Transfer” shall have the meaning set forth in Section 3(a). “Person” shall mean “person,” as such term is used for purposes of Section 13(d) or 14(d) of the Exchange Act.