Special Option definition

Special Option means an option or other security granted by the Company which is convertible or exercisable into or exchangeable for Common Shares for nominal or indeterminate consideration, and includes an over-allotment option or similar option granted to one or more underwriters in connection with a public offering of securities of the Company, but excludes (a) an Incentive Security, (b) a Right, and (c) the Pre-Emptive Right.

Special Option means an option or other security granted by the Company which is convertible or exercisable into or exchangeable for Common Shares for nominal or indeterminate consideration, and includes an over-allotment option or similar option granted to one or more underwriters in connection with a public offering of securities of the Company, but excludes (a) any Incentive Security, (b) any Right, and (c) the Pre-emptive Right.

Special Option means an option to subscribe for that number of Units equal to the Special Option Number on the Special Option Terms, and

Examples of Special Option in a sentence

• The Special Option Grant will be subject to all of the terms and conditions of the Option Plan and the Stock Option Agreement that will be issued if and when the grant becomes effective.

• The option price for the Special Option Grant shall be equal at least to the fair market value of the Company’s Common Stock as of the grant date.

• The grant date of the Special Option Grant will occur on the later of (i) the date the Company becomes current in its reporting obligations under the Securities Exchange Act of 1934; or (ii) the first date thereafter when the Form S8 Registration Statement for the Option Plan complies with the requirement of the Securities Exchange Commission provided that you are still an employee on the grant date.

• The Company shall also give CBG and GCILP notice as promptly as practicable following the grant of a Special Option.

• The Special Option shall be fully vested as of the date of grant and shall become exercisable as of the date of shareholder approval of the Plan.

More Definitions of Special Option

Special Option means a Nonqualified Stock Option granted to the CEO or Chairman pursuant to Section 13.

Special Option means a Series G Special Option to subscribe for Units in accordance with the Special Option Terms.

Special Option shall have the meaning ascribed in the Deed of Option.

Special Option. As defined in Section 14.1(b).

Special Option a special option issued under a Special Option Deed.

Special Option means an option to subscribe for Units on the Special Option Terms.

Special Option means an option or other security granted by the Company that is convertible or exercisable into or exchangeable for Common Stock for nominal or indeterminate consideration, and includes an over-allotment option or similar option granted to one or more underwriters in connection with a public offering of securities of the Company.