Option Holder definition

Option Holder means a Person or Entity who holds an unexercised and unexpired Option or, where applicable, the Personal Representative of such person.

Option Holder means a current or former Director, Employee or Consultant who holds an unexercised and unexpired Option or, where applicable, the Personal Representative of such person;

Option Holder shall have the meaning set forth in the definition of Acquiring Person.

Examples of Option Holder in a sentence

• A copy of any amendment to the Plan shall be promptly provided by the Administrator to each Option Holder.

• An Option may be exercised only by the Option Holder or the Personal Representative of any Option Holder.

• In the event that this Stock Option is exercised by an Option Holder other than the Participant, the Company will be under no obligation to deliver Shares hereunder unless and until it is satisfied as to the authority of the Option Holder to exercise this Stock Option.

• Suspension or termination of the Plan shall not, without the consent of the Option Holder, alter or impair any rights or obligations under any Option previously granted.

• By accepting an Option granted hereunder, the Option Holder has expressly agreed with the Company to be bound by the terms and conditions of this Plan.

More Definitions of Option Holder

Option Holder means the Optionee or, if as of the relevant time the Stock Option has passed to a Beneficiary, the Beneficiary.

Option Holder. As defined in Section 3.18(c).

Option Holder means a Participant who has been granted one or more Options under the Plan.

Option Holder means a holder of Options.

Option Holder means a person to whom an Option is granted pursuant to the Plan or, if applicable, such other person who holds an outstanding Option.

Option Holder means an Eligible Participant designated by the Stock Option Committee from time to time during the term of the Plan to receive one or more Options under the Plan.

Option Holder means a Director, Employee or Consultant or former Director, Employee or Consultant, to whom an Option has been granted and who continues to hold an unexercised and unexpired Option or, where applicable, the Personal Representative of such person.