Replaced Option definition

Replaced Option has the meaning ascribed to such term in Section 3.1(6);
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Replaced Option. Section 2.4(b)
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Examples of Replaced Option in a sentence

  • The Optionee accepts this Option in complete substitution and replacement for the Replaced Option and all of his or her rights under the Replaced Option and the Prior Plan, and further agrees upon request of the Company to surrender all copies of the Replaced Option.

  • The Prior Plan provided that the Optionee would be entitled to exercise the Replaced Option in full if the conversion of the Company from a limited liability company into a corporation constituted a reorganization and the Company did not offer the Optionee an option which substantially preserves the rights and benefits of the Replaced Option.

  • The Optionee acknowledges and agrees this Option does substantially preserve the rights and benefits of the Replaced Option.

  • One of the Replacement Option Grants shall be for the same number of shares, and shall be vested to the same extent and vest according to the same vesting schedule as such person’s Replaced Option, and shall have the same term as set forth in Parent’s standard form of stock option agreement as of the date hereof (the “First Replacement Option Grant”).

  • The second of the Replacement Option Grants shall be for that number of shares calculated by multiplying the number of shares subject to each Replaced Option by the Implied All Stock Exchange Ratio and subtracting the number of shares subject to the First Replacement Option Grant and shall vest according to the vesting schedule and shall have the same term as set forth in Parent’s standard form of stock option agreement as of the date hereof (the “Second Replacement Option Grant”).

  • Community & Social Service Policies Policies i) General Intent/UsesLands are designated Community and Social Service in order to permit government, church, educational and other uses which are for the general or limited use of the public.Permitted uses may include schools, churches, government offices, hospitals and senior citizens homes.

  • Effective upon the grant of the Option the Replaced Option shall be cancelled and null and void.

  • There were some relaxations during the summer months when new build housing construction was re-started, as well as a range of planned and unplanned repairs, along with re- let work to enable house moves to re-start.

  • The first such monthly options shall be granted on the date on which the Replaced Option would have been granted and the subsequent monthly options will be granted on the comparable day in each successive month during the period of months over which such series shall be granted.

  • Optionee and the Company acknowledge that this Option supercedes and replaces Optionees' right to purchase 1,000,000 shares, exercisable at $0.50 per share for a period of five (5) years from the grant date, granted by the Company on October 6, 1995 ("Replaced Option") and that the Replaced Option is hereby cancelled.

Related to Replaced Option

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • 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.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Replacement Option has the meaning ascribed thereto in Section 2.2(c).

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

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

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Replacement Award means an Award granted in assumption of, or in substitution for, an outstanding award previously granted by a company or business acquired by the Company or with which the Company, directly or indirectly, combines.

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

  • Rollover Option has the meaning set forth in Section 2.4(a).

  • Replacement Options has the meaning ascribed thereto in Section 1.1 of the Plan of Arrangement;

  • Approved 102 Option means an Option granted pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of the Optionee.

  • Company Option means an option to purchase shares of Company Common Stock granted under the Company Incentive Plan.

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

  • 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.

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Non-Qualified Option means an Option that is not an Incentive Stock Option.

  • Promised Options means promised but ungranted Options that are the greater of those (i) promised pursuant to agreements or understandings made prior to the execution of, or in connection with, the term sheet or letter of intent for the Equity Financing or Liquidity Event, as applicable (or the initial closing of the Equity Financing or consummation of the Liquidity Event, if there is no term sheet or letter of intent), (ii) in the case of an Equity Financing, treated as outstanding Options in the calculation of the Standard Preferred Share’s price per share, or (iii) in the case of a Liquidity Event, treated as outstanding Options in the calculation of the distribution of the Proceeds.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of immediately prior to the Effective Time or will vest solely as a result of the consummation of the Merger.

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

  • Aggregate Option Exercise Price means, as of any date of determination, the sum of the exercise prices payable upon exercise in full of all Vested Options held by all Optionholders immediately prior to the Effective Time, based on the Estimated Merger Consideration or the Final Adjusted Merger Consideration, as applicable.

  • Tandem SAR means an SAR that is granted in connection with a related Option pursuant to Article 7 herein, the exercise of which shall require forfeiture of the right to purchase a Share under the related Option (and when a Share is purchased under the Option, the Tandem SAR shall similarly be canceled).

  • Unapproved 102 Option means an Option granted pursuant to Section 102(c) of the Ordinance and not held in trust by a Trustee.