Original Options definition

Original Options means the options to purchase Alcan common shares granted under the Former Plan that are to be replaced with Converted Options in connection with the Distribution;
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Original Options has the meaning set forth in the recitals to this Agreement.
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Original Options is defined in Recital A.
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Examples of Original Options in a sentence

  • The number of shares subject to any such Additional Option shall be calculated by taking the number of shares issued pursuant to such Purchase Price Adjustment provisions multiplied by three (3) and then determining the individual recipients' pro rata share based on the number of shares subject to each recipient's Original Option compared to the number of shares subject to the total of Original Options granted to then remaining employees.

  • In no event shall the aggregate In the Money Amount applicable to the Converted Options determined immediately after the Distribution exceed the aggregate In the Money Amount applicable to the Original Options determined preceding the Distribution.

  • For Original Options granted under the Prior Plan in 2003, only that portion of the grant that vests in 2004 will be eligible for grant of only one Reload Option, which grant must occur on or before December 31, 2004.

  • The Per Option Exercise Price of aggregate of Original Options and Bonus Options will be the aggregate Exercise Price of the number of Options eligible for Grant of Bonus Options, divided by the aggregate number of Original Options (eligible for Bonus Options) and Bonus Options.

  • Original Options shall vest and become exercisable with respect to all underlying shares upon grant.

  • For the purpose of the Vesting Period and Exercise Period, the Bonus Options will be treated at par with the Original Options on which the Bonus Options have been issued.

  • The exercise price of the Original Options applicable to each series of Common Stock equaled the closing sale price of that series, as reported by NASDAQ, on the date of such grant.

  • Except as otherwise provided in this Section or in Section 5, subject to the Executive's continued employment with the Company or any of its Affiliates, 50% of the Original Options of each series will vest on the fourth anniversary of the date of grant of such Original Option and the remaining 50% of the Original Options of each series will vest on the fifth anniversary of the date of grant of such Original Option.

  • In order to facilitate the grant of stock options under the Plan to certain officers of the Company that was approved by the Compensation Committee of the Board on November 20, 2000 in connection with the Company's re-structuring and to ensure there are a sufficient number of stock options available under the Plan for such grant, Executive hereby forfeits all right, title and interest to the Original Options, whether vested or unvested.

  • Each employee of Alcan or its Subsidiaries holding one or more Original Options who becomes an employee of the Company or its Subsidiaries in connection with the Distribution shall, upon the effectiveness of the Distribution or at such later date as such person becomes an employee of the Company or its Subsidiaries, be hereby granted a Converted Option for each such Original Option.


More Definitions of Original Options

Original Options means the initial stock option granted to Executive on September 27, 2012 to purchase a number of shares of common stock of the Company equal to five percent (5%) of the shares of the Company, and the supplemental stock option granted to Executive on June 13, 2013 to purchase a number of shares of common stock of the Company equal to the sum of (i) five percent (5%) of the shares of the Company on a fully diluted basis less (ii) the shares subject to the initial stock option, each as set forth in the Offer Letter.]
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Original Options has the meaning given in paragraph 4.1 of Schedule 1;
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Original Options means an option as defined in Section 8 of this Plan.
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Original Options means option granted to employees, officers and executives of Axon and associated research staff pursuant to a stock plan adopted by Axon Directors and shareholders in 1987 as described in section 11.12 of the First Prospectus.
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Related to Original Options

  • Options means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.

  • Rollover Options has the meaning provided in Subsection 3.1(h).

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Replacement Options has the meaning ascribed thereto in Section 1.1 of the Plan of Arrangement;

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

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Parent Options means options or other rights to purchase shares of Parent Common Stock issued by Parent.

  • Compensation Options has the meaning ascribed thereto in the opening paragraphs of this Agreement;

  • Incentive Shares means Shares awarded pursuant to the provisions of Article 12.

  • 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.

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

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Company Stock Options means all options to acquire shares of Company Common Stock from the Company, whether granted pursuant to the Company Stock Plans or otherwise.

  • Option Plans has the meaning assigned thereto in Section 2.5(b).

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Promised Options means promised but ungranted Options that are the greater of those (i) promised pursuant to agreements or understandings made prior to the execution of, or in connection with, the term sheet or letter of intent for the Equity Financing or Liquidity Event, as applicable (or the initial closing of the Equity Financing or consummation of the Liquidity Event, if there is no term sheet or letter of intent), (ii) in the case of an Equity Financing, treated as outstanding Options in the calculation of the Standard Preferred Share’s price per share, or (iii) in the case of a Liquidity Event, treated as outstanding Options in the calculation of the distribution of the Proceeds.

  • Director Option means an Option granted pursuant to Section 6.

  • Stock Appreciation Rights Agreement means a written agreement between the Company and a Holder with respect to an Award of Stock Appreciation Rights.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Equity Awards means any stock options, restricted stock, restricted stock units, stock appreciation rights, phantom stock or other equity based awards granted by the Company to the Executive.

  • Stock Purchase Rights means any warrants, options or other rights to subscribe for, purchase or otherwise acquire any shares of Common Stock or any Convertible Securities.

  • Optioned Stock means the Common Stock subject to an Option.

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Rights or Options means warrants, options or other rights to purchase or acquire shares of Common Stock or Convertible Securities.