Subsequent Option definition

Subsequent Option shall have the meaning set forth in Section 5.8(iii).
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Subsequent Option means any right of the Participant to acquire Shares at the Exercise Price at a future date, which is granted in pursuance of Rule 3 of this Plan after 12 June, 2013 subject to the terms and conditions of this Plan and on terms that the Vesting of the Shares comprised in such Subsequent Option is (subject as otherwise provided herein) conditional upon:
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Subsequent Option shall have the meaning set forth in Section 39.
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Examples of Subsequent Option in a sentence

  • An Independent Director elected for the first time to the Board at an annual meeting of stockholders shall only receive an Initial Option in connection with such election, and shall not receive a Subsequent Option on the date of such meeting as well.

  • Each Subsequent Option shall vest and become exercisable on the earlier of the first anniversary of the date of grant or the day immediately prior to the date of the next annual meeting of the Company’s stockholders occurring after the date of grant, in either case, subject to the Non-Employee Director continuing in service as a Non-Employee Director through such vesting date.

  • Subsequent Options granted to Independent Directors shall become vested in twelve equal monthly installments of 1/12 of the shares subject to such option on the first day of each calendar month following the date of the Subsequent Option Grant, subject to a director’s continuing service on the Board through such dates.

  • Members of the Board who are employees of the Company or any parent or subsidiary of the Company who subsequently terminate their employment with the Company and any parent or subsidiary of the Company and remain on the Board will not receive an Initial Option, but to the extent that they are otherwise entitled, will receive, after termination of employment with the Company and any parent or subsidiary of the Company, a Subsequent Option.

  • In the event that Pieris exercises the Subsequent Option, Pieris will pay Enumeral an additional undisclosed license fee.

  • For the avoidance of doubt, a Non-Employee Director elected for the first time to the Board at an annual meeting of the Company’s stockholders shall only receive the Initial Option in connection with such election, and shall not receive a Subsequent Option on the date of such meeting as well.

  • Although Company and Executive intend the Initial Option to be in lieu of normal annual or other option grants through the end of 2004, the Committee may at any time in its discretion consider Executive for possible future annual or other grants of Options (such Options, collectively, the "Subsequent Options") and, commencing in 2005, shall at least once during each year consider Executive for a grant of a Subsequent Option.

  • The terms of the Initial, and any Subsequent, Option grant shall be set forth in written option agreement between Company and Executive.

  • Unless the Board otherwise determines, any portion of an Initial Option or Subsequent Option which is unvested or unexercisable at the time of a Non-Employee Director’s termination of service on the Board as a Non-Employee Director shall be immediately forfeited upon such termination of service and shall not thereafter become vested and exercisable.

  • The exercise price of the Subsequent Option shall equal the fair market value of the Company's common stock on the Subsequent Grant Date.


More Definitions of Subsequent Option

Subsequent Option as that term is defined in the BellSouth Option Agreement.
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Related to Subsequent Option

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Parent Option means any option to purchase Parent Common Stock which was granted pursuant to a Parent Option Plan.

  • Replacement Option has the meaning ascribed thereto in Section 2.2(c).

  • Investment Option means any of the guaranteed investments and variable investment funds available under the Plan.

  • 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.

  • 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).

  • Rollover Option has the meaning set forth in Section 2.4(a).

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

  • Non-Electing Share has the meaning specified in Section 12.11.

  • Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.

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

  • Parent Options means options or other rights to purchase shares of Parent Common Stock issued by Parent.

  • Option Period means the period during which an Option may be exercised.

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

  • Alternate Adjusted Regular Purchase Share Limit means, with respect to a Regular Purchase made pursuant to Section 2(a) hereof, the maximum number of Purchase Shares which, taking into account the applicable per share Purchase Price therefor calculated in accordance with this Agreement, would enable the Company to deliver to the Investor, on the applicable Purchase Date for such Regular Purchase, a Regular Purchase Notice for a Purchase Amount equal to, or as closely approximating without exceeding, One Hundred Fifty Thousand Dollars ($150,000).

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Interest Option means LIBOR or the Reference Rate.

  • Purchase Period means a period of time specified within an Offering, generally beginning on the Offering Date or on the first Trading Day following a Purchase Date, and ending on a Purchase Date. An Offering may consist of one or more Purchase Periods.

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

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Initial Exercise Date shall have the meaning ascribed to such term in the Preamble.

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

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

  • Rollover Options has the meaning provided in Subsection 3.1(h).

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