Option definition

Examples of Option in a sentence

  • The Company will allocate the withdrawal amount to each Contract Option according to the method described in the Withdrawal Provisions.

  • The exercise of an Option Term will be effective without Contractor’s signature.

  • In no event will the interest rate credited by the Company to the 1-Year Fixed Account Option be less than the FAMIR, as shown on the Contract Data Pages, per annum.

  • Guarantor irrevocably and unconditionally guarantees, as a primary obligor and not as a surety, the following obligations (collectively, the “Obligations”): (a) the full punctual payment when due of the Lennar Parties’ payment obligations to Owner under the Master Agreement and the Option Agreement; and (b) the full and punctual payment and performance, when due of the Lennar Parties’ payment and construction obligations to Owner under the Construction Agreement.

  • The Purchase Option may be exercised by Buyer by delivering notice to Seller at least twelve (12) months prior to the end of the Delivery Term, with closing to occur on the day after the last day of the Delivery Term.


More Definitions of Option

Option means an Incentive Stock Option or a Nonstatutory Stock Option to purchase shares of Common Stock granted pursuant to the Plan.
Option or “Stock Option” means any option to purchase shares of Stock granted pursuant to Section 5.
Option means rights, options or warrants to subscribe for, purchase or otherwise acquire Common Stock or Convertible Securities.
Option means an award of an option to purchase Shares pursuant to Section 5.
Option means an ISO or Nonstatutory Option granted under the Plan and entitling the holder to purchase Shares.