Section 16 Optionee definition

Section 16 Optionee means an Optionee who is a director, officer or ten percent beneficial owner of the Company, as those terms are used in Section 16 of the Exchange Act.
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Section 16 Optionee the Section 16 Optionee shall have the right to pay the purchase price for the Option Shares by net exercise as described in (iv) above without further approval by the Company. Payment instruments will be received subject to collection. The transfer to the Optionee on the records of the Company or of the transfer agent of the Option Shares will be contingent upon (i) the Company’s receipt from the Optionee of the full purchase price for the Option Shares, as set forth above, (ii) the fulfillment of any other requirements contained herein or in the Stock Plan or in any other agreement or provision of laws, and (iii) the receipt by the Company of any agreement, statement or other evidence that the Company may require to satisfy itself that the issuance of Stock to be purchased pursuant to the exercise of Stock Options under the Stock Plan and any subsequent resale of the shares of Stock will be in compliance with applicable laws and regulations. In the event the Optionee chooses to pay the purchase price by previously-owned shares of Stock through the attestation method, the number of shares of Stock transferred to the Optionee upon the exercise of the Stock Option shall be net of the Shares attested to.
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Section 16 Optionee means an Optionee who is a director, ------------------- officer or ten percent beneficial owner of the Company, as those terms are used under Section 16 of the Exchange Act.
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Examples of Section 16 Optionee in a sentence

  • The Committee may authorize the Company to repurchase any Option or shares of Stock acquired under the Plan in order to prevent a Section 16 Optionee from incurring liability under Section 16(b).

  • The Plan shall be administered by the Committee which shall be appointed pursuant to Section 4.3 hereof; provided, however, that the Board may perform any function of the Committee under the Plan, including without limitation for the purpose of ensuring that transactions under the Plan by any Section 16 Optionee are exempt under Rule 16b-3.

  • With respect to a Section 16 Optionee, the Committee shall implement transactions under the Plan and administer the Plan in a manner that will ensure that each transaction by such Optionee is exempt from liability under Rule 16b-3, except that such Optionee may be permitted to engage in a non-exempt transaction under the Plan if written notice has been given to the Optionee regarding the non-exempt nature of the transaction.

  • In the Committee’s sole discretion, an Optionee (other than a Section 16 Optionee, as defined above, who shall be subject to the following sentence) may elect to have such tax obligations paid, in whole or in part, in shares of Common Stock, including shares retained from the Option creating the tax obligation.

  • In the Committee's sole discretion, the Optionee (other than an Optionee subject to Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16 Optionee"), who shall be subject to the following sentence) may elect to have such tax obligations paid, in whole or in part, in shares of Common Stock, including shares retained from the Option creating the tax obligation.

  • In the Board's sole discretion, the Optionee (other than an Optionee subject to Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16 Optionee"), who shall be subject to the following sentence) may elect to have such tax obligations paid, in whole or in part, in shares of Common Stock, including shares retained from the Option creating the tax obligation.

  • The Plan shall be administered by the --------------------------- Committee which shall be appointed pursuant to Section 4.3 hereof; provided, however, that the Board may perform any function of the Committee under the Plan, including without limitation for the purpose of ensuring that transactions under the Plan by any Section 16 Optionee are exempt under Rule 16b-3.

  • The Plan shall be administered by the --------------------------- Committee which shall be appointed pursuant to Section 4.3 hereof; provided, however, that the Board rev 9/27/96 may perform any function of the Committee under the Plan, including without limitation for the purpose of ensuring that transactions under the Plan by any Section 16 Optionee are exempt under Rule 16b-3.

  • In the Committee's sole discretion, an Optionee 18 (other than a Section 16 Optionee, as defined above, who shall be subject to the following sentence) may elect to have such tax obligations paid, in whole or in part, in shares of Common Stock, including shares retained from the Option creating the tax obligation.

  • Shares of Common Stock acquired by a Section 16 Optionee may not be sold by such Optionee for at least six (6) months from the date of grant of the Option.

Related to Section 16 Optionee

  • Section 16 Participant means a participant under the Plan who is then subject to Section 16 of the Exchange Act.

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

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

  • Option Holder means a Person or Entity who holds an unexercised and unexpired Option or, where applicable, the Personal Representative of such person.

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

  • Section 16 Participants means Participants who are subject to the provisions of Section 16 of the Exchange Act.

  • Company Stock Option means any option to purchase one or more shares of the Company’s Common Stock granted under any of the Company Stock Plans.

  • 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.

  • Incentive Option means an Option which by its terms is to be treated as an “incentive stock option” within the meaning of Section 422 of the Code.

  • Optionee means an Employee or Consultant who receives an Option.

  • Section 16 Insider means an officer or director of the Corporation subject to the short-swing profit liabilities of Section 16 of the 1934 Act.

  • 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.

  • Section 162(m) Participant means any key Employee designated by the Administrator as a key Employee whose compensation for the fiscal year in which the key Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

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

  • 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.

  • Company Stock Option Plan means each share option plan, share award plan, share appreciation right plan, phantom share plan, share option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any share, option, warrant or other right to purchase or acquire shares of the Company or right to payment based on the value of Company shares has been granted or otherwise issued.

  • Bonus Stock Award means an award of Bonus Stock under this Plan.

  • Section 162(m) Award means a Performance Award granted under Section 6(k)(i) to a Covered Employee that is intended to satisfy the requirements for “performance-based compensation” within the meaning of Section 162(m).

  • Section 16 Person means a person who is subject to potential liability under Section 16(b) of the Exchange Act with respect to transactions involving equity securities of the Company.

  • the award , except in sub-paragraph (2), means—

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

  • Incentive Stock Option means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.