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.

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

• If an outstanding Option, including a Prior Plan Option, for any reason expires or is terminated or canceled or if shares of Stock are acquired upon the exercise of an Option subject to a Company repurchase option and are repurchased by the Company at the Participant's exercise or purchase price, the shares of Stock allocable to the unexercised portion of such Option or Prior Plan Option or such repurchased shares of Stock shall again be available for issuance under the Plan.

• Any shares of Stock subject to Prior Plan Option shall again be available for issuance under the Plan only if the Prior Plan Option is terminated or cancelled but not if it expires.

• Subject to adjustment pursuant to Section 11, the maximum aggregate number of Shares that may be delivered in connection with Awards granted under the Plan shall not exceed the sum of (i) 12,200,000 Shares, (ii) the number of Prior Plan Available Shares and (iii) the number of Unissued Prior Plan Option Shares.

• If an outstanding Option, including any Prior Plan Option, for any reason expires or is terminated or canceled or if shares of Stock are acquired upon the exercise of an Option, including any Prior Plan Option, subject to a Company repurchase option and are repurchased by the Company at the Optionee’s exercise price, the shares of Stock allocable to the unexercised portion of such Option or Prior Plan Option or such repurchased shares of Stock shall again be available for issuance under the Plan.

• 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”.

• Optionee’s Name: _____________________ Date of Grant of Prior Plan Option: _____________________ Designation: [ ] 102 Capital Gain Option; or [ ] 102 Ordinary Income Option.

• If an outstanding Option, including any Prior Plan Option, for any reason expires or is terminated or cancelled, the Shares allocable to the unexercised portion of such Option or Prior Plan Option shall again be available for issuance under the Plan.

• If an outstanding Option, including any Prior Plan Option, for any reason expires or is terminated or canceled or if shares of Stock are acquired upon the exercise of an Option, including any Prior Plan Option, subject to a Company repurchase option and are repurchased by the Company at the Optionee's exercise price, the shares of Stock allocable to the unexercised portion of such Option or Prior Plan Option or such repurchased shares of Stock shall again be available for issuance under the Plan.

More Definitions of Prior Plan Option

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 1995 Stock Option Plan, as amended, which is outstanding on or after 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.