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

• Hence, after 36 complete months of employment following the Vesting Date the total Subsisting Option will be exercisable.

• If any person becomes bound or entitled to acquire shares in the company under Section 979 to 985 of the Companies Act of 2006 any Subsisting Option may subject to Rule 8.4 below be exercised at any time when that person remains so bound or entitled.

• Provided that in the event of Rule 7.3 applying in relation to the same change of Control, the right to exercise a Subsisting Option under this Rule 7.1 shall terminate upon the person referred to in Rule 7.3 below ceasing to be bound or entitled as referred to in Rule 7.3.

• A Subsisting Option and an offer to grant an Option shall be personal to the Participant to whom it is granted or made and shall not be assignable.

• Subject to the following provisions of paragraphs 5 and 6.4, a Subsisting Option may not be exercised by an Optionholder, in whole or in part, until after the Vesting Date.

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 that has not lapsed, been renounced or exercised.

Subsisting Option means an Option granted under this Plan which has neither lapsed nor been exercised

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

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;