Retainer Option definition

Retainer Option means a stock option granted pursuant to the Plan in lieu of all or a portion of a Participant's Annual Retainer, as provided in Sections 6(c) and 6(d)(iv).
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Retainer Option means an option to purchase shares of Common Stock granted pursuant to Section 6.4.
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Retainer Option means each option granted under this Director Plan upon the Election of a Non-Employee Director to receive options to acquire shares of Common Stock in lieu of all or part of the Director's Retainer Fee. 3 IV. ADMINISTRATION -- The Director Plan shall be administered by such officers of the Company as the Board of Directors shall from time to time appoint; provided that the interpretation and construction of any provision of this Director Plan or any Election shall remain with the Board of Directors and any such determination by the Board of Directors shall be final and conclusive. The amount, price, and timing of the grants of Options hereunder will be automatic, as described herein.
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Examples of Retainer Option in a sentence

  • Each such Retainer Option shall have a term of 10 years (subject to earlier expiration upon the termination of the director’s service) and shall have an exercise price equal to the closing price per share of the Company’s Common Stock on the grant date.

  • Retainer Options shall be cumulatively exercisable at the rate of 25% of the total Retainer Option at the end of each full fiscal quarter succeeding the date of grant.

  • The number of Retainer Option shares granted to a Participant with respect to such deferral shall be determined in the manner described in Section 6(c) above.

  • Any Retainer Option elected will enable the Director to purchase a number of shares equal to three times the number of shares that could have been purchased with the portion of the Annual Retainer elected to be received as a Retainer Option.

  • The exercise price per share for the Retainer Option will be the Fair Market Value of the Common Stock on the date of the grant.

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  • The number of Retainer Option shares granted to a Participant in respect of such deferral shall be determined using the same conversion rate as employed in that year for the purpose of determining the number of stock option shares to be granted to employees in lieu of awards under the Company's Management Incentive Plan.

  • In the event that the date of grant of the Retainer Option is not a trading day, the exercise price per Share shall be the Fair Market Value on the next trading day immediately following the date of grant of the Retainer Option.

  • Licensee shall make all requests for augments hereunder in writing to Licensor.

  • The number of shares of Common Stock to be subject to a Retainer Option shall be equal to the nearest number of whole shares determined by dividing the Annual Retainer by the fair market value of a share of Common Stock on the date of grant.


More Definitions of Retainer Option

Retainer Option means an option to purchase Common Stock granted pursuant to Section 7 of the Plan.
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Related to Retainer Option

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

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

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

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

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Replacement Option means an Option that is granted when a Participant uses a Common Share held or to be acquired by the Participant to exercise an Option and/or to satisfy tax withholding requirements incident to the exercise of an Option.

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

  • Company Stock Option means any option to purchase Company Common Stock granted under any Company Stock Plan.

  • 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.

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • 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.

  • 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.

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

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

  • Restricted Share means a Share awarded to a Participant pursuant to Article 6 that is subject to certain restrictions and may be subject to risk of forfeiture.

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

  • Parent Option means an option to purchase shares of Parent Common Stock.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Initial Grant means an Option granted to a Non-Employee Director who meets the specified criteria pursuant to Section 6(a).

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

  • 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.

  • 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.

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

  • Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.

  • Date of Option Grant means the effective date of grant of the Option as set forth in the Notice.