Qualifying Option definition

Qualifying Option means an Option which, upon exercise, is eligible for the deduction pursuant to paragraph 110(1)(d) of the ITA.

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Qualifying Option means an outstanding stock option agreement granted, either before or after the date hereof, to the Executive under any stock option or incentive plan of the Company, whether in existence on the date hereof or adopted by the Company after the date hereof, which agreement provides (either by its terms or by incorporation from such plan) for the acceleration of vesting, in whole or in part, upon a change-in-control, sale or similar event, as defined for purposes thereof (with respect to such Qualifying Option, a "QUALIFYING OPTION EVENT"), regardless of whether such Qualifying Option Event constitutes a Change in Control.

Qualifying Option means an option to acquire Shares which at the time it was granted meets the requirements of Schedule 5 and of which notice is given (in the form required or authorised by HMRC) to HMRC within 92 days after the date on which it is granted;

Examples of Qualifying Option in a sentence

• Promptly after the date hereof, the Company shall provide each Qualifying Option Holder with a copy of the Information Statement together with the form of Option Holder Transmittal Letter for completion by such Qualifying Option Holder.

• Immediately upon written demand from Parent, the Company Stockholders, Qualifying Option Holders and Bonus Pool Recipients shall severally but not jointly reimburse Parent for all Taxes of the Company for any Tax period ending on or before the Closing Date (a “Pre-Closing Tax Period”) and for the Company Stockholders’, Qualifying Option Holders’ and Bonus Pool Recipients’ portion (as determined pursuant to clause (c) below) of all Taxes of the Company for any Straddle Period.

• Except as provided below, each individual Company Stockholder’s, Qualifying Option Holder’s and Bonus Pool Recipient’s aggregate Liability for all Damages to which the Parent Indemnified Persons are entitled to indemnification pursuant to this Article X shall be forfeiture of the Escrowed Cash allocable to such Company Stockholder, Qualifying Option Holder and Bonus Pool Recipient and such Company Stockholder’s, Qualifying Option Holder’s and Bonus Pool Recipient’s Pro Rata Portion of the Earnout Payments.

• Any released Escrowed Cash shall be released to the Company Stockholders and Qualifying Option Holders and allocated to the Bonus Pool, in each case to the extent the foregoing are deemed to have contributed such released Escrowed Cash to the escrow fund pursuant to Sections 2.8, 2.9 and 2.10.

• In order to receive payment for a Qualifying Company Option in accordance with this Article II, each Qualifying Option Holder must provide Parent with a duly completed and validly executed letter of transmittal in the form of Exhibit B attached hereto (an “Option Holder Transmittal Letter”).

More Definitions of Qualifying Option

Qualifying Option means a traded option or financial option as defined in section 144(8).

Qualifying Option or "QUALIFYING STOCK OPTION" shall mean a nonqualified stock option granted under one of the Incentive Plans and evidenced in writing that provides (or is amended to provide) that the option may be Alternatively Exercised under this Plan; provided, however, that an option shall not be a Qualifying Stock Option if it will expire, by its terms, before the end of the six-month period commencing with the date that the Alternative Exercise Agreement is submitted to and received by the Company

Qualifying Option means an Option which satisfies the requirements of paragraph 1 of Schedule 5 which is granted as a qualifying option on the Issue Date pursuant to Part II of this Scheme;

Qualifying Option the same meaning as in paragraph 1 of Schedule 14;

Qualifying Option means an NQSO option to acquire shares of Common Stock granted under the terms of this Sub-Plan which meets the requirements of Schedule 4.

Qualifying Option means an option which satisfied the requirements of paragraph 1 of Schedule 5 ITEPA.

Qualifying Option means an Option which satisfies the requirements of paragraph 1 of Schedule 5;