Nominal Cost Option definition
Nominal Cost Option means an option to acquire Shares under the Plan at an aggregate Exercise Price of one pound sterling (or other currency equivalent) or such lower amount as determined by the Committee (including nil);
Nominal Cost Option means an Option to acquire Shares for payment of an Option Price equal to their nominal value;
Examples of Nominal Cost Option in a sentence
Bidco acknowledges that the LTG Remuneration Committee intends that LTG shall settle any awards under the LTG Nominal Cost Option Plan that are exercised on or after the Court Sanction Date in cash rather than in LTG Shares.