Subsisting Option definition

Subsisting Option means an Option to the extent that it has neither lapsed nor been exercised;

Subsisting Option means an Option which has neither lapsed nor been exercised.

Subsisting Option means an option granted under this Scheme or the Unapproved Scheme which has not lapsed or been exercised;

Examples of Subsisting Option in a sentence

• If a Participant dies, any Subsisting Option of which he or his Permitted Participant holds may be exercised within six months of the death by his legal representative or the Permitted Participant respectively (and each such Option shall lapse at the end of the said period to the extent (if any) that the Option remains unexercised).

• If there is a sale of all of the undertaking, business and assets of the Company, or the sale of the undertaking, business or assets of the Company representing more than 60% of the Group Value, any Subsisting Option may be exercised immediately prior to and conditional upon completion of such sale or within one month immediately following such completion.

• If the Company passes a resolution to commence voluntary winding-up, any Subsisting Option may be exercised within 6 months of such commencement and any Subsisting Option shall lapse, to the extent not exercised (if any), on the expiry of such period.

• Any Subsisting Option held by a Permitted Participant who ceases to be a Permitted Participant shall be deemed to have been assigned to the Eligible Employee to which the Option was first granted, or where not granted to an Eligible Employee, to the Eligible Employee mentioned in the Option Certificate pursuant to Rule 4.4.1.

• If the Company passes a resolution for voluntary winding up, any Subsisting Option may be exercised within six months of the passing of the resolution.

More Definitions of Subsisting Option

Subsisting Option means an Option which has been granted and which has not lapsed, been surrendered, renounced or exercised in full;

Subsisting Option means an Option which has neither lapsed nor become unexercisable nor been exercised;

Subsisting Option and means an Option or Option to Subscribe "Subsisting Option to Subscribe" (as the case may be) which has not been exercised to the full extent possible under the Rules and which has not lapsed, been cancelled or otherwise terminated;

Subsisting Option means an Option which has been duly granted and remains outstanding and exercisable in accordance with the Scheme and has neither lapsed nor been cancelled or exercised in full and, where an Option has been exercised in part as permitted by the terms of such Option, includes that part of the Option that has not been exercised and which has neither lapsed nor been cancelled;

Subsisting Option means an Approved Option which has neither lapsed nor been exercised; "Taxes Act" means the Income and Corporation Taxes Act 1988;1.2Where the context so permits the singular shall include the plural and vice versa and the masculine shall include the feminine. 1.3Reference to any Act shall include any statutory modification, amendment or re-enactment thereof; 2. ELIGIBILITY 2.1Notwithstanding Section 5 of the Plan, Approved Options shall only be granted to Eligible Employees. 3. OPTION PROVISIONS Section 6 of the Plan shall apply provided that the grant of each Approved Option shall comply with the following conditions: 3.1An Approved Option may not be exercised later than the day before the tenth anniversary of the Date of Grant on which day the same (if it has not already ceased to be exercisable) shall lapse. 3.2The exercise price payable for each Section Share in the event of an Approved Option being exercised shall be:

Subsisting Option means an Option that has not lapsed, been renounced or exercised.

Subsisting Option means an Option which has neither lapsed nor been exercised in respect of all the shares subject thereto;