Examples of Options Grant in a sentence
Any Option granted to a Participant shall be exercised automatically on each Exercise Date during the calendar year of the Option's Grant Date in whole or in part such that the Participant's accumulated Contributions as of such Exercise Date shall be applied to the purchase of the maximum number of whole shares of Company Stock that his Contributions will allow at the applicable Option price (determined in accordance with Section 5.3), limited to the number of shares subject to such Option.
Unexercised Options, Grant Forfeitures and Options Exercised with Common Stock.
Notwithstanding the immediately preceding sentence, in no event shall the Option exercise period be extended beyond the tenth anniversary of the Option's Grant Date.
These options will be converted (or partially converted) to PDD options as discussed above in the section entitled "The Distribution—Treatment of Options; Grant of PDD Restricted Shares" on the distribution date.
Hypothetical Stock Price on New Options Grant Date, September 20, 2002: $8.00 Using the above assumptions for the sake of illustrating the offer to exchange, we would cancel your original stock option on March 19, 2002.
Notwithstanding the immediately preceding sentence, in no event shall the Option exercise period be extended beyond the tenth (10th) anniversary of the Option's Grant Date.
Each Grantee other than Directors shall, as consideration for the grant of each Option, agree in the Stock Option Agreement to remain in the employ of the Company, its Subsidiaries, or an Affiliate at the pleasure of the Company, such Subsidiary, or Affiliate for at least one year from the Option's Grant Date or the earlier termination of the Grantee's employment effected or approved by the Company, the Subsidiary, or Affiliate.
The Expiration Date of each Option shall be the close of business on the tenth anniversary of the Option's Grant Date.
With respect to Options Granted to Executive Officers, each Option shall become immediately exercisable in full upon the Executive Officer's involuntary termination that is not a Termination for Cause, or upon the Executive Officer's Resignation with Good Reason, following a Change in Control if (1) the Change in Control occurs at least one year after the Option's Grant Date and (2) the Participant has been an Employee continuously from the Option's Grant Date to the date of the Change in Control.
This Option shall vest and become exercisable on the Option's Grant Date.