Option Awards definition

Option Awards means the option granted to ▇▇. ▇▇▇▇▇ on February 7, 2013, together with the option granted to ▇▇. ▇▇▇▇▇▇ pursuant to the agreement dated [DATE].
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Option Awards means each of Mark Dixon’s share option awards under the Share Option Plan and the CIP;
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Examples of Option Awards in a sentence

  • The grant of the Option Award under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of Option Awards, other types of grants under the Plan, or benefits in lieu of such grants in the future.

  • In addition, if Executive’s employment and this Agreement is terminated under Sections 2.2(a) or (e), any Long Term Shares or Stock Option Awards issued to Executive which have not yet vested shall immediately be forfeited by Executive.

  • Notwithstanding the foregoing, it is intended that Stock Option Awards not be subject to Section 409A.

  • II shall have granted, in the aggregate, options with respect to 14.2127% of Total Equity (33,579,495.1506 Units (as defined in the Initial Option Awards)); it being understood that, except with respect to the grant of options in connection with Closing and the reallocation of a certain portion of the option pool as expressly required herein, the approval of the compensation committee of Capital Corp.

  • Each of the Parties shall establish an appropriate administration system to administer, in an orderly manner, (i) exercises of Carrier Option Awards, Carrier SAR Awards, Otis Option Awards, Otis SAR Awards, Post-Separation UTC Option Awards, and Post-Separation UTC SAR Awards, in each case, that were vested immediately prior to the Effective Time, and (ii) the withholding and reporting requirements with respect to all awards.

  • Unexercised Stock Option Awards will be forfeited upon the market close of the NYSE on the Expiration Date of the Grant.

  • In addition, if Executive’s employment and this Agreement is terminated under Sections 2.2(a) or (e), any Stock Option Awards issued to Executive which have not yet vested shall immediately be forfeited by Executive.

  • The Corporation makes no guarantees regarding the tax treatment of your Award and the tax consequences of Stock Option Awards vary, and depending on the country’s laws that govern this Stock Option Award, taxation can be triggered upon events such as the grant, vest, and/or exercise of such Stock Option Award.

  • Stock Option Awards may be forfeited for Misconduct as defined in the Plan, and the Corporation may demand repayment of amounts received upon exercise on or after the date of the Misconduct.

  • For the avoidance of doubt as to the manner in which this reduction in Option Awards would be applied, please refer to Exhibit B attached hereto.

Related to Option Awards

  • Appreciation Award means any Stock Option or any Other Stock-Based Award that is based on the appreciation in value of a share of Common Stock in excess of an amount at least equal to the Fair Market Value on the date such Other Stock-Based Award is granted.

  • Awards means Options, RSUs and PSUs granted to a Participant pursuant to the terms of the Plan;

  • SARS means the South African Revenue Services;

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

  • Stock Awards means all stock options, restricted stock and such other awards granted pursuant to the Company’s stock option and equity incentive award plans or agreements and any shares of stock issued upon exercise thereof.