Examples of Share Options in a sentence
During the Reporting Period, a total of 122,300 options were exercised under the A Share(s) Share Option Incentive Scheme, representing 0.21% of the total of share option incentive scheme (adjusted), among which, a total of 122,300 options were exercised for the First Tranche of Share Options, and a total of 0 option was exercised for the Second Tranche of Share Options.
On 9 October 2015, upon the consideration and approval at the fourteenth meeting in 2015 of the seventh session of the Board, the options of the second exercisable period for the Second Tranche of Share Options met the exercise conditions and were actually exercisable starting from 24 October 2015 to 27 September 2020 with the total exercisable options amounting to 4,132,500.
On 27 July 2018, upon the consideration and approval at the eleventh meeting in 2018 of the eighth session of the Board, after the completion of the implementation of the 2017 dividend distribution proposal of the Company on 20 July 2018, the exercise price of the First Tranche of Share Options was adjusted to RMB10.22 per option, and that of the Second Tranche of Share Options was adjusted to RMB15.75 per option.
To the extent that the aggregate Fair Market Value (determined on the Grant Date) of the Class A Ordinary Shares with respect to which Incentive Share Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and its Affiliates) exceeds $100,000, the Options or portions thereof which exceed such limit (according to the order in which they were granted) shall be treated as Non-qualified Share Options.
On 12 May 2015, upon the consideration and approval at the eighth meeting in 2015 of the seventh session of the Board, the options of the second exercisable period for the First Tranche of Share Options met the exercise conditions and were actually exercisable starting from 2 June 2015 to 27 September 2020 with the total exercisable options amounting to 39,660,000.