Prior Plan Option definition

Prior Plan Option means, any option granted pursuant to the Company's 1998 Non-Employee Directors' Stock Option Plan which is outstanding on or after the date on which the Board adopts the Plan or which is granted thereafter and prior to the Effective Date.

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Prior Plan Option means an option to purchase Shares granted to a participant under a Prior Plan that is outstanding, in whole or part, on January 1, 2006.

Prior Plan Option means an option granted under the Prior Stock Option Plan.

Examples of Prior Plan Option in a sentence

This Option Agreement supersedes and replaces the agreement under which the Prior Plan Option was granted.
The Prior Plan Option is hereby assumed by, and will continue in effect under, the 2016 Plan in accordance with the terms of this Option Agreement.
As so assumed, the Prior Plan Option is referred to herein as the “Option”.
Pursuant to the terms of the Plan, the Participant agrees elect to terminate participation in the Prior Plan, to cancel the Participant's benefits under the Prior Plan, and the Participating Company agrees to grant the Participant a Prior Plan Option on with a Grant Date Spread of _________.
The Participating Company shall grant each Participant a Prior Plan Option as specified in the OPTion Agreement between the Participating Company and the Participant.

More Definitions of Prior Plan Option

Prior Plan Option means any option granted pursuant to the Company’s 1995 Stock Option Plan, as amended, which is outstanding on or after the Effective Date.

Prior Plan Option means a stock option award outstanding under the Prior Plan as of the Effective Date.

Prior Plan Option means, any option granted pursuant to the Company's 1998 Non-Employee Directors' Stock Option Plan which is

Prior Plan Option means any option to purchase Shares granted under the Prior Plans.

Prior Plan Option means any option granted pursuant to the Company’s 1992 Directors’ Stock Option Plan which is outstanding on or after the date that the Board adopts the Plan.

Prior Plan Option means, any option granted pursuant to the Company’s 1997 Stock Option Plan which is outstanding on or after the date on which the Board adopts the Plan or which is granted thereafter and prior to the date the Plan is duly approved by the stockholders of the Company.

Related to Prior Plan Option

Prior Plan Award means an award outstanding under the Prior Plan as of the Effective Date.
Prior Plan s Available Reserve” means the number of shares available for the grant of new awards under the Prior Plan as of immediately prior to the Effective Date.
Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.
Share Option means a Nonqualified Share Option or an Incentive Share Option.
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.