Reload Option definition

Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

Reload Option means a Stock Option as defined in Subsection 6.6(b) of this Plan.

Reload Option means the grant of a new Option to a Holder who exercises an Option(s) as provided in Section 7(f) of the Plan.

Examples of Reload Option in a sentence

• Such Stock Reload Option shall have an exercise price equal to the Fair Market Value as of the date of exercise of the Underlying Option.

• Unless the Committee determines otherwise, a Stock Reload Option may be exercised commencing one year after it is granted and shall expire on the date of expiration of the Underlying Option to which the Reload Option is related.

• Unless the Committee determines otherwise, a Stock Reload Option may be exercised commencing one year after it is granted and shall expire on the date of expiration of the Option to which the Reload Option is related.

• The terms of each Reload Option, including the date of its expiration and the terms and conditions of its exercisability and transferability, shall be the same as the terms of the Exercised Option to which it relates, except that (i) the grant date for each Reload Option shall be the date of exercise of the Exercised Option to which it relates and (ii) the exercise price for each Reload Option shall be the Fair Market Value of the Common Stock on the grant date of the Reload Option.

• Any Reload Option shall be subject to availability of sufficient Shares for grant under the Plan.

More Definitions of Reload Option

Reload Option means a Non-Qualified Stock Option granted pursuant to Section 7(c)(5).

Reload Option means an additional Option related to Options awarded prior to 2004 as described in Article 6 herein.

Reload Option means a reload option grant made in accordance with Section 7 of the Plan.

Reload Option means an Option that automatically is granted if a Participant pays the exercise price of an Option by tendering Shares.

Reload Option means an Option that is granted, without further action of the Committee, (i) to an Optionee who surrenders or authorizes the withholding of shares of Stock in payment of amounts specified in paragraphs 6.7(c) or 6.7(d) hereof, (ii) for the same number of shares as is so paid, (iii) as of the date of such payment and at an Option Price equal to the Fair Market Value of the Stock on such date, and (iv) otherwise on the same terms and conditions as the Option whose exercise has occasioned such payment, subject to such contingencies, conditions or other terms as the Committee shall specify at the time such exercised Option is granted.

Reload Option means a Non-Qualified Stock Option granted under Section 6(a)(iv) of the Plan.

Reload Option means an Option automatically granted to a Participant equal to the number of shares of Mature Shares delivered by the Participant in payment of the exercise price of an Option having a Reload Feature.