Option Right definition

Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

Option Right means the right to purchase shares of Common Stock upon exercise of an award granted pursuant to Section 4 of this Plan.

Option Right means the right to purchase Common Shares from the Company upon the exercise of a Nonqualified Option or a Tax-qualified Option granted pursuant to Section 4 of this Plan.

Examples of Option Right in a sentence

• In addition, for each Option Right or Appreciation Right with an Option Price or Base Price, respectively, greater than the consideration offered in connection with any such transaction or event or Change in Control, the Committee may in its discretion elect to cancel such Option Right or Appreciation Right without any payment to the person holding such Option Right or Appreciation Right.

• To the extent it has vested, you may exercise your Option Right under this Award in whole or in part at the time or times as permitted by the Plan if the Option Right has not otherwise expired, been forfeited or terminated.

• The Option Right shall be deemed to be automatically exercised on the last day of the Exercise Period provided that the Redemption Amount is a positive amount at that time ("Automatic Exercise").

• Upon your death, your Option Right may be exercised in accordance with the terms of the Award by any beneficiary you name in a beneficiary designation or, if you make no designation, by your estate.

• In case of an Automatic Exercise, the last day of the Exercise Period shall be the "Exercise Date".In order to validly exercise the Option Right, the investor is obliged to instruct the account holding bank on any Payment Business Day during the Exercise Period toi.

More Definitions of Option Right

Option Right means the right to purchase Common Stock upon exercise of an option granted pursuant to Section 4 or Section 9 of this Plan.

Option Right has the meaning specified in the definition of “Change of Control”.

Option Right means the right to purchase a share of Common Stock upon exercise of an option granted pursuant to Paragraph 4.

Option Right means the right to purchase shares of Common Stock upon exercise of a Non-Qualified Option or an Incentive Stock Option granted pursuant to Section 4 of this Plan.

Option Right means the right to purchase a share of Common Stock upon exercise of an outstanding Incentive Stock Option or Nonqualified Stock Option.

Option Right means the right to purchase Common Shares from the Company upon the exercise of an option granted pursuant to Section 3 of this Plan.

Option Right means the right to purchase Common Shares from the Corporation upon the exercise of a Nonqualified Option or a Tax-Qualified Option granted pursuant to Section 4, or a Replacement Option Right granted pursuant to Section 17(c), of this Plan.