Option Grantee definition

Option Grantee means an employee having a right but not an obligation to exercise an option in pursuance of ESOS;

Option Grantee means an Employee who has been granted an Employee Stock Option in pursuance of the ESOP 2021.

Option Grantee means an Employee having a right but not an obligation to exercise an Employee Stock Option in pursuance of the ESOP 2015.

Examples of Option Grantee in a sentence

• In consideration for the granting of this Option, Grantee agrees that during the period of his employment by the Company or its affiliates, he shall faithfully and to the best of his ability devote his time, energy and skills during all normal working hours to the service of the Company or its subsidiaries in the promotion of their interests.

• If the spouse of Grantee shall have acquired a community property interest in this Option, Grantee or Grantee's permitted successor-in-interest, may exercise this Option on behalf of the spouse of Grantee or such spouse's permitted successor-in-interest.

• Except to the extent Grantee exercises the Option, Grantee shall have no rights to vote or receive dividends or have any other rights as a shareholder with respect to shares of Common Stock covered hereby.

• Notwithstanding the termination of the Option, Grantee will be entitled to exercise its rights under this Section 6(c) if it has exercised such rights in accordance with the terms hereof prior to the termination of the Option.

• Notwithstanding the termination of the Option, Grantee will be entitled to purchase the Option Shares if it has exercised the Option in accordance with the terms hereof prior to the termination of the Option, and the termination of the Option will not affect any rights hereunder which by their terms do not terminate or expire prior to or as of such termination.

More Definitions of Option Grantee

Option Grantee means an Employee who has been granted an Option and who has accepted such Grant as required under the Plan and shall deem to include nominee/ legal heir of an Option Grantee in case of his/her death to the extent provisions of the Plan are applicable to such nominee/ legal heir.

Option Grantee means an eligible Employee who has been granted an Employee Stock Option in pursuance of the ESOS 2019 and deems to include a Beneficiary being the legal heir or nominee of such Option Grantee upon his eventual death while in employment or service.

Option Grantee means an Employee who has been granted an Employee Stock Option in pursuance of the ESOS 2017.

Option Grantee means an Employee who has been granted an Employee Stock Option in pursuance of the ESOP 2010 or ZLL ESOP 2010 - AMENDED 2015.

Option Grantee or “Grantee” means an Employee who has been granted a right, but not an obligation to exercise an Employee Stock Option in pursuance of the ESOP 2023 and deemed to include a beneficiary being the legal heir or nominee of such Option Grantee upon his eventual death while in employment or service as provided in this Plan.

Option Grantee means an Employee who has been granted Option(s) and has accepted such Grant as required under the Plan.

Option Grantee means an Employee having a right but not an obligation to Exercise an Option pursuant to this Scheme.