Outstanding Option definition

Outstanding Option means, at any time, an option to purchase shares of Common Stock granted by the Corporation pursuant to this plan or any other stock option plan of the Corporation or any Subsidiary now or hereafter in effect, or pursuant to any stock option plan of any corporation which is merged into the Corporation or a Subsidiary and where the Corporation has by action of its Board, assumed the obligations of such corporation under such stock option plan, all whether or not such option is at the time exercisable, to the extent that such option at such time has neither been exercised nor terminated.

Outstanding Option means each Option outstanding immediately prior to the Effective Time.

Outstanding Option or “Outstanding Options” is defined in Section 1.7(b).

Examples of Outstanding Option in a sentence

• The options issued or to be issued under the Outstanding Option Grants shall continue to be subject to the terms of the Option Agreements, except to the extent otherwise provided for in this Agreement.

• The Company has issued to the Employee options to purchase shares of the Company's Common Stock pursuant to the terms of various Option Agreements and the terms of the Company's 1998 Stock Incentive Plan (the "Outstanding Option Grants").

• The Board may from time to time authorize the granting of Appreciation Rights in respect of any or all of the Option Rights under any Outstanding Option (including Options Rights simultaneously granted) to the Optionee thereunder.

• Each New Option shall be exercisable for a number of shares equal to the number of shares subject to purchase under the unexercised portion of the related Outstanding Option (as adjusted as a result of the Reverse Stock Split as provided herein).

• Each SAR may be exercised with respect to all or any part of the shares of Common Stock in respect of which the related Outstanding Option is exercisable.

More Definitions of Outstanding Option

Outstanding Option means, at any time, an option to purchase shares of Common Stock granted pursuant to this Plan, to the extent that such option at such time has not been exercised and has not terminated, determined without regard to whether or not such option is at the time exercisable.

Outstanding Option means the number of Options outstanding as of immediately prior to the Closing.

Outstanding Option has the meaning given to the term in Section 2.5(g)(i) of this Agreement. PBGC has the meaning given to the term in Section 3.13(b) of this Agreement.

Outstanding Option means stock options of the Target that are outstanding at the Effective Time.

Outstanding Option means an Option which has vested, has not been exercised and has not lapsed;

Outstanding Option has the meaning set forth in Section 2.7.

Outstanding Option a stock option outstanding as of the date of this Agreement under either of the Company Option Plans.