Stock Option Exchange Program definition

Stock Option Exchange Program means the Stock Option Exchange Program approved as Proposal 3 at the 2003 Annual Meeting of Shareholders of the Company.
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Stock Option Exchange Program means a program approved by the Board whereby outstanding Stock Options (i) are exchanged for Stock Options with a lower exercise price, cash or other property or (ii) are amended to decrease the exercise price as a result of a decline in the Fair Market Value.
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Examples of Stock Option Exchange Program in a sentence

  • Please remember that, as described in Question 6, you will not receive a new stock option on the replacement grant date in exchange for those options with an exercise price less than $1.30 even though you are required to submit them for cancellation in order to participate in the Stock Option Exchange Program.

  • We do not expect the Stock Option Exchange Program to result in a significant increase in costs to ADI.

  • The Stock Option Exchange Program allows ADI to replace stock options that have little or no retention or incentive value with stock options that we believe will provide both retention and incentive value without creating significant additional compensation expense.

  • No. Participation in the Stock Option Exchange Program is completely voluntary.

  • If you choose not to participate, you will keep all of your current outstanding stock options, including stock options eligible for the Stock Option Exchange Program, and you will not receive a new stock option grant as part of this program.

  • Members of ADI’s Board of Directors and ADI’s “named executive officers” (our CEO, chief financial officer, and other three highest paid executive officers) as listed in our most recent proxy statement will not be eligible to participate in the Stock Option Exchange Program.

  • No. Under the Stock Option Exchange Program, you will be able to exchange stock options on a grant-by-grant basis.

  • Those shares will be used only for New Options, and if any of those shares are not issued under New Options granted in the Employee Stock Option Exchange Program, they will cease to be available for issuance under the 2006 EIP.

  • The Employee Stock Option Exchange Program is not a one-for-one exchange.

  • Employee Awards may also be made in combination or in tandem with, in replacement of, or as alternatives to, grants or rights under this Plan or any other employee plan of the Company or any of its Subsidiaries, including the plan of any acquired entity; provided that no Option may be issued in exchange for the cancellation of an Option with a lower exercise price other than in connection with the Stock Option Exchange Program.

Related to Stock Option Exchange Program

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

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

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Full Value Award means an Award other than in the form of an ISO, NQSO, or SAR, and which is settled by the issuance of Shares.