Examples of Supplemental Option in a sentence
The Supplemental Option will be immediately exercisable at a per share price equal to Fair Market Value (determined in accordance with the terms of the Applicable Plan) of a shares of the Company’s common stock as of the Grant Date.
For purposes of this paragraph only, “Option Value” will equal the product of (x) the Option Reference Price, multiplied by (y) the number of shares of common stock underlying the Supplemental Option.
Your outstanding equity will be governed by the terms and conditions of the Company’s stock plan and applicable stock option agreement (collectively the “Equity Documents”), provided, and notwithstanding anything to the contrary in the Equity Documents, if you enter into an comply with this Agreement, the Supplemental Option Grant (as defined in the Employment Agreement) shall vest immediately upon the Separation Date.
The Supplemental Option lapsed on December 31, 2018 and no additional equity interest in the WAJV Projects was earned above the current ownership interest shown in Table 3.
The Group operates unfunded schemes within certain of its non-UK businesses including Gratuity schemes, Key Employee Supplemental Option Plans (KESOP) and post-retirement medical benefit schemes.
The Group operates unfunded schemes within certain of its non-UK businesses, including gratuity schemes, Key Employee Supplemental Option Plans (KESOP) and post-retirement medical benefit schemes.
The Initial Option and any Supplemental Option (each, an “Option”) shall each have an exercise price per share of Common Stock equal to the fair market value per share of Common Stock on the date of grant of such Option, pursuant to the terms and conditions of the Stock Option Plan of the Parent and a non-qualified stock option agreement substantially in the form attached hereto as Exhibit B.
Navistar argues that the unjust enrichment claim that Martinell asserts in Count 3 should be dismissed because the facts alleged fall within the scope of the Supplemental Option Contract, therefore barring recovery under the theory of unjust enrichment.
Unless the Administrator determines otherwise, the following terms shall apply: If the Administrator determines that a Supplemental Option is intended to supplement an Initial Option, such Supplemental Option shall be subject to the grant date, Option Price, Option Period, vesting, exercise and other terms and conditions of an Initial Option as provided in Section 7 herein.
Exhibit B states that although there was a new Plan in effect, “[a]ny awards previously granted under the Prior Plans continue to vest and/or are exercisable in accordance with their original terms and conditions.” Am. Compl., Ex. B at 128.For these reasons, the Court concludes that the terms of the Plan govern Martinell’s claims under the Supplemental Option Contract.