Target Option definition

Target Option means an option to purchase shares of Target Common Stock.

Target Option means an option to purchase Target Shares granted by Cambior under the Target Stock Option Plan or otherwise;

Target Option has the meaning set forth in Section 2.7(a).

Examples of Target Option in a sentence

• Upon such filing, unless otherwise provided in the Plan of Arrangement, the events set out in Section 3.01 of the Plan of Arrangement will occur in the sequence indicated in that Section and each Target Share and Target Option outstanding immediately prior to the Effective Time will be purchased as provided in the Plan of Arrangement.

• Each Target Option outstanding immediately prior to the Effective Time, whether granted pursuant to the Target Option Plan or otherwise shall be cancelled and terminated at the Effective Time.

• At the Effective Time, all options to purchase Target Common Stock then outstanding under the Target Option Plan (“Target Options”) at the Effective Time to the extent unexercised shall terminate and be cancelled in accordance with the terms of the Target Option Plan and Section 6.4(a) and shall not be entitled to any Merger Consideration hereunder.

• For the avoidance of doubt, the upfront payment according to Section 4.1 above reserves BOEHRINGER’s exclusive right to the [***] Target during the applicable Exclusivity Period and the Target Option exercise fee ***Text Omitted and Filed Separately with the Securities and Exchange Commission.

• Sucampo further acknowledges that Numab may have additional discovery obligations to third parties that occurred prior to Sucampo’s exercise of a Target Option.

More Definitions of Target Option

Target Option means options to purchase Target Shares outstanding immediately prior to the Effective Time under the Target's 1996 Incentive Stock Option Plan, 1997 Stock Option Plan and 1998 Employee Bonus Plan.

Target Option shall have the meaning set forth in Section 3.5 of this Agreement.

Target Option means an option that is outstanding prior to the Effective Date to acquire Target Shares pursuant to an option granted by the Target;

Target Option means any option, warrant or other instrument convertible into Target Shares that is outstanding immediately prior to the Effective Time, whether or not then exercisable, including without limitation an option to purchase Target Common Shares granted under the Target's 1992 Stock Incentive Plan.

Target Option means an option granted by Numab to Sucampo to select a Target against which Numab shall initiate a Discovery Project.

Target Option means an option to purchase one or more Target Shares;

Target Option means an option to purchase Target Shares granted by Target under the Target Stock Option Plan or otherwise;