Period of Option definition

Period of Option. Notwithstanding the foregoing, in the event of change of control of the Company as a result of which the Optionee ceases to be a director of the Company or employed by the Company, then all unvested options shall become fully vested on the day before the effective date of change in control."
Sample 1Sample 2Sample 3

Examples of Period of Option in a sentence

  • Shares with respect to which this Option is vested and exercisable at a given time pursuant to the Vesting Schedule set forth in the Grant Notice are “Vested Shares.” Shares with respect to which this Option is not vested and exercisable at a given time pursuant to the Vesting Schedule set forth in the Grant Notice are “Unvested Shares.”(b)Exercise Period of Option.

  • However, if the Common Stock is not publicly traded at the time an option is granted under the Plan, “fair market value” shall be deemed to be the fair value of the Common Stock as determined by the Committee after taking into consideration all factors which it deems appropriate, including, without limitation, recent sale and offer prices of the Common Stock in private transactions negotiated at arm’s length.(b) Period of Option.

  • If designated as an Incentive Stock Option in the Grant Notice, this Option is intended to qualify as an incentive stock option (the “ISO”) within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), except that if on the Date of Grant Optionee is not subject to U.S. income tax, then this Option shall be a NQSO.2. EXERCISE PERIOD.2.1 Exercise Period of Option.

  • Period of Option - In no event (including those specified in paragraphs (f) and (g) hereof), shall the period of an Option exceed ten (10) years from the date on which the Option is granted.

  • Period of Option ---------------- The period of each stock option by its terms shall be not more than 10 years from the date the option is granted as specified by the Committee.

  • The Company hereby grants to Participant an option (this “Option”) to purchase the total number of shares of Common Stock, $0.00001 par value, of the Company set forth in Participant’s individual EASi Admin account as Total Option Shares (the “Shares”) at the Exercise Price Per Share set forth in Participant’s individual EASi Admin account (the “Exercise Price”), subject to all of the terms and conditions of this Agreement and the Plan.2. EXERCISE PERIOD.2.1 Exercise Period of Option.

  • Period of Option A Stock Option shall expire and all ---------------- rights thereunder shall end at the expiration of such period (not exceeding 10 years) after the date the Stock Option is granted as shall be fixed by the Subcommittee at the time it grants the Stock Option.

  • KLG 2066192.00001 7/28/2009 2:01:37 PM KLG DRAFT - 11/5/08 3) Period of Option.

  • If the common stock is not publicly traded on a national securities exchange, the Nasdaq Capital Market, Nasdaq National Market or OTCBB, “fair market value” shall be deemed to be the fair value of the common stock as determined by the Committee after taking into consideration all factors which it deems appropriate, including, without limitation, recent sale and offer prices of the common stock in private transactions negotiated at arm’s length.(b) Period of Option.

  • Period of Option - In no event (including those specified in paragraphs (f) and (g) hereof), shall the period of an Option exceed ten (10) years (or five years with respect to a 10% Holder who receives the grant of an incentive stock option) from the date on which the Option is granted.

Related to Period of Option

  • Date of Option Grant means the effective date of grant of the Option as set forth in the Notice.

  • Grant Period means the period between Effective Date and Expiration Date of the Grant Award Agreement during which time expenditure of all grant funds and all contributions to match must be made.

  • Number of Options For each Component, as provided in Annex A to this Confirmation.6 Option Entitlement: One Share Per Option Strike Price: USD [_____] Cap Price: USD [_____]; provided that in no event shall the Cap Price be reduced to an amount less than the Strike Price in connection with any adjustment by the Calculation Agent under this Confirmation.

  • Period of Service means the aggregate of all periods of service commencing with an Employee's first day of employment or reemployment with the Employer or an Affiliated Employer and ending on the first day of a Period of Severance, or for benefit accrual purposes, ending on the severance from service date. The first day of employment or reemployment is the first day the Employee performs an Hour of Service. An Employee who incurs a Period of Severance of twelve (12) months or less will also receive service-spanning credit by treating any such period as a Period of Service for purposes of eligibility and vesting (but not benefit accrual). For purposes of benefit accrual, a Participant's whole year Periods of Service is equal to the sum of all full and partial periods of service, whether or not such service is continuous or contiguous, expressed in the number of whole years represented by such sum. For this purpose, fractional periods of a year will be expressed in terms of days.

  • Option Exercise Period has the meaning set forth in Section 6.4.

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

  • Vesting Period means the period of time specified by the Committee during which vesting restrictions for an Award are applicable.

  • Matching Period has the meaning specified in Section 5.4(1)(e).

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

  • Period of Severance means a continuous period of time during which an Employee is not employed by the Employer. Such period begins on the date the Employee retires, quits or is discharged, or if earlier, the twelve (12) month anniversary of the date on which the Employee was otherwise first absent from service.

  • Annual Enrollment Period or "Enrollment Period" means the period before each policy anniversary so designated by the Sponsor and Lincoln during which you may enroll for coverage under this policy.

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

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Option Period means the period during which an Option may be exercised.

  • Base Period means (i) the test period ending December 31, 2010 (or, if the Commission has elected to stagger its biennial reviews of utilities as provided in subdivision 1, the test period ending December 31, 2010, for a Phase I Utility, or December 31, 2011, for a Phase II Utility), or (ii) the most recent test period with respect to which credits have been applied to customers' bills under the provisions of this subdivision, whichever is later.

  • Employee Option means an Option granted pursuant to Section 5.

  • Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.

  • Enrollment Period means the period agreed upon by the Policyholder and Us when an Eligible Person may enroll for coverage or an Insured may change benefit elections under the Policy.

  • Purchase Period means a period of time specified within an Offering, generally beginning on the Offering Date or on the first Trading Day following a Purchase Date, and ending on a Purchase Date. An Offering may consist of one or more Purchase Periods.

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

  • Initial Enrollment Period means one of the following periods during which you may first enroll for coverage under this plan:

  • Award Cycle means a period of consecutive fiscal years or portions thereof designated by the Committee over which Performance Units are to be earned.

  • Award Period means the period beginning on an Award Date and ending on the expiration date of such Award.

  • Period of restoration means the period of time that:

  • Period of Agreement means 5 years from the date of Final acceptance of the Project.