Option Limit definition
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.