Substitution Option definition

Substitution Option. As defined in Section 1.7(a).
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Substitution Option means the substitution option provided for in the Sub-lease Agreement.
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Substitution Option means the unvested portion of any issued and outstanding Company Option held by an employee listed under the heading “Employees Holding Substitution Options” on Exhibit N.
Sample 1

Examples of Substitution Option in a sentence

  • Such contribution would have the effect of terminating the Sub-lease Agreement and the lease agreement referred to in (ii) of the definition of the Transfer and Lease Agreements, as a result of the lessor and the lessee becoming the same person, Euro Disney Associés, thus avoiding the requirement to pay the Substitution Option and the Purchase Option exercise prices.

  • If Tenant elects to exercise any Substitution Option, Tenant shall do so by giving Landlord not less than six (6) months’ Notice thereof (a “Substitution Notice”), which Substitution Notice shall identify Tenant’s proposed effective date of such substitution (the “Substitution Date”).

  • Class Members who own Inforce Policies issued with the Plan Codes identified in Exhibit M shall be eligible for the Product Substitution Option defined in Section II.A.76 above.

  • Tenant shall have the right of first offer with respect to any space that becomes Available for Lease (hereinafter defined) on the remaining balance of the fourth (4th) floor (the "Offering Space"), provided if Tenant exercises its Substitution Option, the Offering Space shall consist of the remaining balance of the third (3rd) floor.

  • To elect the Product Substitution Option, the Class Member must inform the Company in writing of such election.

  • Tenant hereby exercises its right to lease all of the additional non-reserved parking spaces to which Tenant is entitled pursuant to Section 1.A. of Exhibit E of the Lease as a result of Tenant's exercise of the Substitution Option and its lease of additional space on the third floor of the Building.

  • Boeing and Customer agree to amend the Purchase Agreement to document Customer’s substitution of four (4) Model 737-800 Option Aircraft (737-800 Substitution Option Aircraft) to four (4) Model 737-8 Option Aircraft (737-8 Substitution Option Aircraft), pursuant to the terms of SA-103 to Purchase Agreement No. 1810 between Customer and Boeing (SA-103).

  • The per share exercise price for the Shares to be issued pursuant to exercise of (i) a Substitution Option shall be determined by the Administrator consistently with the Stock Purchase Agreement and (ii) a New Option shall be determined by the Administrator in accordance with this Plan.

  • Tenant is hereby exercising its option (the "Substitution Option" as defined in Section I.A.5 of the Lease) to substitute the Third Floor Space for the Fourth Floor Space pursuant to Section I.A.5 of the Lease and, in addition, is leasing the remainder of the space on the third floor of the Building.

  • In addition to the foregoing, Tenant shall have the right to lease additional non-reserved spaces at the rate of 2.18 spaces for each 1,000 rentable square feet leased by Tenant over and above the initial Premises, including any increase in square footage as a result of Tenant's exercise of its Substitution Option.


More Definitions of Substitution Option

Substitution Option has the meaning set forth in Section 4.4(d) (Supply for Clinical Trials and Validation).
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Related to Substitution Option

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Substitution Notice has the meaning specified in Section 2.17 (Substitution of Lenders).

  • Renewal Option has the meaning set forth in §12.1.

  • Replacement Option means an Option that is granted when a Participant uses a Common Share held or to be acquired by the Participant to exercise an Option and/or to satisfy tax withholding requirements incident to the exercise of an Option.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Substitution Period shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Second Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • Option to Extend has the meaning given that term in Section 2.13.

  • Option means a stock option granted pursuant to the Plan.

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

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Option 1 [X] Yes, but only with respect to a Contributing Participant's Elective Deferrals.

  • Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.

  • 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.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

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

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Substitution Date has the meaning specified in Paragraph 4(d)(ii).

  • Compensation Options means the options of the Company to be issued to the Agent pursuant to Section 8.2 hereof to acquire Compensation Shares;

  • Option 2 [ ] An amount equal to the sum of ________% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which does not exceed ________% of the Contributing Participant's Compensation plus ________% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which exceeds ________% of the Contributing Participant's Compensation.

  • First Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Substitute Option means an Option granted in substitution for, or upon the conversion of, an option granted by another entity to purchase equity securities in the granting entity.

  • 'Survivor's Option means, where applicable, the right of a holder of a Note to require the Company to repay such Note prior to its Stated Maturity upon the death of the owner of such Note, subject to the provisions hereof relating to such option."