Option Rights definition

Option Rights has the meaning specified in the MOP.

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Option Rights means, when used in this Warrant, any warrants, options or other rights to subscribe for or purchase, or obligations to issue, any Capital Stock of the Company, or any Convertible Securities, including, without limitation, any options or similar rights issued or issuable under any employee stock option plan, pension plan or other employee benefit plan of the Company of the Company in existence on the date of the issuance of this Warrant.

Option Rights means, with respect to any Person, any Convertible Securities of such Person, or any warrants, options or other rights to subscribe for or purchase, or obligations to issue, any Capital Stock of such Person, including any options or similar rights issued or issuable under any employee stock option plan, pension plan or other employee benefit plan of such Person.

Examples of Option Rights in a sentence

• The Grantee shall not be entitled to any privileges of ownership with respect to Shares subject to the Option Rights, unless and until purchased and delivered upon the exercise of the Option Rights, in whole or in part, and the Grantee becomes a shareholder of record with respect to such delivered Shares.

• Absent such a designation, in a case of death, the Option Rights shall be exercisable by the executor, administrator or legal representative of the deceased Grantee.

• In no event shall the Option Rights be exercisable as to less than 25 Shares at any one time or all of the remaining Shares then subject to the Option Rights, if less than 25.

• The Option Rights granted under this Agreement and all of the terms and conditions hereof are subject to all of the terms and conditions of the Plan.

• If the Company or UICI terminates the Executive's employment with Cause, all of the Executive's Option Rights, whether or not vested, will be immediately forfeited.

More Definitions of Option Rights

Option Rights means all warrants, rights or options to subscribe for or purchase, or obligations to issue, any shares of Common Stock, or any Convertible Securities.

Option Rights has the meaning set forth in Section 2.1.

Option Rights shall have the meaning set forth in Recital B hereof.

Option Rights means any right to purchase or right to sell the Operating Assets or a Disaggregated License granted to Manager or Sprint PCS, as the case may be, that may be exercised under the terms of the Management Agreement in accordance with the terms of this exhibit.

Option Rights has the meaning assigned to it in Article 3.

Option Rights shall have the meaning set forth in SECTION 5 hereto.

Option Rights has the meaning provided in Section 2(a)(iv) of this Agreement.