Option Limit definition

Option Limit has the meaning set forth in Section 5.1(c).
Sample 1Sample 2Sample 3
Option Limit means the maximum number of Shares that may be acquired under an Option, as determined in accordance with Clause 3.
Sample 1Sample 2
Option Limit means the limit defined in paragraph 4.1(a)(ii).
Sample 1Sample 2

Examples of Option Limit in a sentence

  • Any shares reacquired by the Company in satisfaction of tax withholding obligations on a Stock Award or as consideration for the exercise or purchase price of a Stock Award will again become available for issuance under the Plan.(c)Incentive Stock Option Limit.

  • Any shares reacquired by the Company in satisfaction of tax withholding obligations on a Stock Award or as consideration for the exercise or purchase price of a Stock Award will again become available for issuance under the Plan.(c) Incentive Stock Option Limit.

  • Any additional shares added to the Plan pursuant to the Share Reserve in excess of the Maximum Incentive Stock Option Limit shall not be issued as Incentive Stock Options but may be issued as Nonqualified Stock Options or Stock Awards.

  • The Employee Plan establishes an Option Limit which is equal to 10% of the diluted ordinary share capital of the Company as at the date of issue.Options granted are cancelled if not exercised within one month of the termination of the grantee’s employment or association with the Company, except in certain situations such as death or disability, or at the discretion of the Board.

  • The aggregate number of Shares which may be issued upon exercise of Options under the Plan at any time shall not exceed TWO MILLION (2,000,000) Shares (the "Option Limit"), subject to adjustment as provided for in this Plan.

  • The Shares to be issued pursuant to the grant or exercise of an Award may consist of authorized but unissued Shares, Shares purchased on the open market or Shares previously issued and outstanding and reacquired by the Company.5.3Aggregate Incentive Stock Option Limit.

  • To the extent that the aggregate number of options that would otherwise be granted under the PSS Deferred Compensation Programs in any such Plan Year exceeds the Annual Option Limit, a prorata reduction shall be made in the option grants to each participant in the PSS Deferred Compensation Programs for such Plan Year.

  • Until further changed by the Committee, the Annual Option Limit shall be 250,000.

  • Pursuant to an annual general meeting held on 16 May 2014, the Option Limit has been refreshed to 10% of the shares in issue on the date of the annual general meeting, i.e. a total of 111,190,800 shares.

  • A Ten Percent Stockholder may not be granted an Incentive Stock Option unless (i) the exercise price of such Option is at least 110% of the Fair Market Value on the date of grant of such Option and (ii) the Option is not exercisable after the expiration of five years from the date of grant of such Option.(c)Aggregate Incentive Stock Option Limit.


More Definitions of Option Limit

Option Limit means $3,000,000.
Sample 1
Option Limit means the maximum number of Shares that may be
Sample 1
Option Limit means a number of Shares issuable upon exercise of options or any other rights to acquire Ordinary Shares granted under the Option Plan not to exceed 10% of the outstanding Shares of Obligor on a fully diluted basis, including after giving effect to the issuance of Shares upon exercise of such options or such other rights and the conversion of the Convertible Note.
Sample 1
Option Limit means Two Hundred Thousand (200,000) shares of Common Stock, as adjusted pursuant to Section 2.3 and 4.6 of the Plan, the method of counting such shares of Common Stock shall conform to any requirements applicable to performance-based compensation under Section 162(m) of the Code or the rules and regulations promulgated thereunder.
Sample 1

Related to Option Limit

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Plan Limit means the maximum aggregate number of Shares that may be issued for all purposes under the Plan as set forth in Section 5(a) of the Plan.

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

  • Subscription Limit means any applicable limit on the Issuer’s ability to fund newly issued ETP Securities pursuant to the terms of the LS Operating Procedures Agreement or the LS Margin Account Agreement, as may be amended from time to time.

  • Award Limit means with respect to Awards that shall be payable in Shares or in cash, as the case may be, the respective limit set forth in Section 3.3.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Incentive Option means an Option which by its terms is to be treated as an “incentive stock option” within the meaning of Section 422 of the Code.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Notice of Stock Option Grant means the document so entitled to which this Agreement is attached.

  • SARS means the South African Revenue Services;

  • Total Exercise Price shall have the meaning set forth in Section 4(a) hereof.

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • Company Stock Option means an option to purchase shares of Common Stock.

  • Stock Option Plan means any stock option plan now or hereafter adopted by the Company or by the Corporation, including the Corporate Incentive Award Plan.

  • Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Deduction Limitation means the following described limitation on a benefit that may otherwise be distributable pursuant to the provisions of this Plan. Except as otherwise provided, this limitation shall be applied to all distributions that are “subject to the Deduction Limitation” under this Plan. If an Employer determines in good faith prior to a Change in Control that there is a reasonable likelihood that any compensation paid to a Participant for a taxable year of the Employer would not be deductible by the Employer solely by reason of the limitation under Code Section 162(m), then to the extent deemed necessary by the Employer to ensure that the entire amount of any distribution to the Participant pursuant to this Plan prior to the Change in Control is deductible, the Employer may defer all or any portion of a distribution under this Plan. Any amounts deferred pursuant to this limitation shall continue to be credited/debited with additional amounts in accordance with Section 3.8, even if such amount is being paid out in installments. The amounts so deferred and amounts credited thereon shall be distributed to the Participant or the Participant’s Beneficiary (in the event of the Participant’s death) at the earliest possible date, as determined by the Employer in good faith, on which the deductibility of compensation paid or payable to the Participant for the taxable year of the Employer during which the distribution is made will not be limited by Section 162(m). Notwithstanding the foregoing, the Committee shall interpret this Section in a manner that is consistent with Code Section 409A and the regulations thereunder, including without limitation guidance issued in connection with that Section.

  • Incentive Stock Options means Option Rights that are intended to qualify as “incentive stock options” under Section 422 of the Code or any successor provision.

  • Number of Options For each Component, as provided in Annex A to this Confirmation.6 Option Entitlement: One Share Per Option Strike Price: USD [_____] Cap Price: USD [_____]; provided that in no event shall the Cap Price be reduced to an amount less than the Strike Price in connection with any adjustment by the Calculation Agent under this Confirmation.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • Maximum Limit means that number of issued Shares representing 10% of the total number of issued Shares as at the date of the passing of this Resolution (excluding any Shares which are held as treasury shares as at that date); and

  • SAR means a stock appreciation right granted under the Plan.

  • Bag limit means the maximum number of game animals, game