Substituted Option definition
Examples of Substituted Option in a sentence
Management Stock Option Award Agreement Strategic Performance Award (Substituted Option) Advanced Disposal Waste Holdings Corp.
Management Stock Option Award Agreement Strategic Performance Award (Pre-2010) (Substituted Option) Advanced Disposal Waste Holdings Corp.
This instrument (the “Option Agreement”) evidences the grant of a Substituted Option with respect to the Holder (the “Option”) and the cancellation of the ADS Option that it replaces.
The date of grant of the Substituted Option shall be the date on which the corresponding CBS Option was granted.
Each Substituted Option covers a number of the number of Shares equal to 1.0296 times the number of ADS Shares covered by the canceled ADS Option, and has an exercise price equal to the exercise price of the ADS Option divided by 1.0296.