Restoration Option definition

Restoration Option means an Option granted pursuant to Section 6(e) of the Plan.

Restoration Option means a Stock Option that is awarded upon the exercise of a Stock Option earlier awarded under the Plan (an "Underlying Option") for which the exercise price is paid in whole or in part by tendering shares of Common Stock previously owned by the Participant, where such Restoration Option (i) covers a number of shares of Common Stock no greater than the number of previously owned shares tendered in payment of the exercise price of the Underlying Option plus the number of shares withheld to pay taxes arising upon such exercise, (ii) the expiration date of the Restoration Option is no later than the expiration date of the Underlying Option and (iii) the exercise price per share of the Restoration Option is no less than the Fair Market Value per share of Common Stock on the date of exercise of the Underlying Option.

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

Examples of Restoration Option in a sentence

• The grant of a Restoration Option shall be subject to the satisfaction of such conditions or criteria as the Committee in its sole discretion shall establish from time to time.

• A Restoration Option shall entitle the holder thereof to purchase a number of shares of Common Stock equal to the number of such shares so delivered or withheld upon exercise of the original Option and, in the discretion of the Committee, the number of shares, if any, delivered or withheld to the Corporation to satisfy any withholding tax liability arising in connection with the exercise of the original Option.

• In the event that any Participant delivers to the Company, or has withheld from the shares otherwise issuable upon the exercise of a Non-Qualified Stock Option, shares of Common Stock in payment of the Purchase Price of any Non-Qualified Stock Option granted hereunder in accordance with Section 6.04, the Committee shall have the authority to grant or provide for the automatic grant of a Restoration Option to such Participant.

• A Restoration Option shall have a per share Purchase Price of not less than 100% of the per share Fair Market Value of the Common Stock on the date of grant of such Restoration Option, a term not longer than the remaining term of the original Option at the time of exercise thereof, and such other terms and conditions as the Committee in its sole discretion shall determine.

• A Restoration Option shall entitle the holder thereof to purchase a number of Shares equal to the number of such Shares so delivered or withheld upon exercise of the original Option.

More Definitions of Restoration Option

Restoration Option means a stock option granted pursuant to Section 6(f).

Restoration Option means an Option granted under Section 5(f). ------------------

Restoration Option means a stock option granted pursuant to Section 6(e). (aa) “Restricted Stock” shall mean any Share granted under Section 7 of the Plan. (bb) “Restricted Stock Unit” shall mean any unit granted under Section 7 of the plan.

Restoration Option means an Option that is granted in connection with the exercise of an Incentive Stock Option or a Nonqualified Stock Option as more particularly described in Section 6.10 herein.

Restoration Option means an Option granted under Section 6(a)(iv) of the Plan.

Restoration Option means an Option granted upon exercise of an outstanding Option, provided that the exercise price is paid by tendering previously owned shares of Common Stock by the Employee or Director.

Restoration Option has the meaning set forth in Section 6.11.