Term of Options definition

Term of Options or “Expiration Date” means, with respect to Granted but unexercised Options, the time period set forth in this Notice and Section 7 of the Option Agreement.
Sample 1
Term of Options. Seven (7) years for the options to purchase 300,000 shares and ten (10) years for the options to purchase 100,000 shares.
Sample 1

Examples of Term of Options in a sentence

  • The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.5. Term of Options.

  • Notwithstanding the foregoing, an Option (whether an Incentive Stock Option or a Nonstatutory Stock Option) may be granted with an exercise price less than the minimum exercise price set forth above if such Option is granted pursuant to an assumption or substitution for another option in a manner that would qualify under the provisions of Section 409A or Section 424(a) of the Code.6.2 Exercisability and Term of Options.

  • At its sole discretion and upon written notice to Eligible Employees, the Committee may (i) provide for Election Periods during other months during the Option Term of Options granted under the Plan, or, (ii) at the time any Options are granted, place other restrictions or limitations on the exercise of those Options.

  • Notwithstanding the foregoing, an Option (whether an Incentive Stock Option or a Nonstatutory Stock Option) may be granted with an exercise price lower than the minimum exercise price set forth above if such Option is granted pursuant to an assumption or substitution for another option in a manner qualifying under the provisions of any applicable law.6.2Exercisability and Term of Options.

  • Brief details of the plans are: ParticularsSORUVesting Period2 years3 yearsMaximum Term of Options granted10 years7 yearsNo amount is paid by the company to the employees and the payment is made directly by the ultimate parent company to the employees.

  • Maximum Term of Options: The options may be exercisable for a period of up to ten years, (subject to extension where the expiry date falls within a “blackout period”).

  • We are to show that the product 𝑎𝑏 of these two odd integers is odd, that is, we are to show that 𝑎𝑏 = 2𝑚 + 1 for some integer 𝑚.

  • The number of common shares which may be issued pursuant to options granted under the Chimata Gold Option Plan (including all options granted by Chimata Gold prior to the adoption of the Chimata Gold Option Plan) shall equal 10% of the issued and outstanding shares of Chimata Gold from time to time at the date of grant.Maximum Term of Options.

  • In no event shall the exercise price per Share of an Option or the grant price per Share of a Stock Appreciation Right be less than 100% of the Fair Market Value of a Share on the date of grant; provided, however, that the exercise price of a Substitute Award granted as an Option shall be determined in accordance with Section 409A and may be less than 100% of the Fair Market Value.(j) Term of Options and Stock Appreciation Rights.

  • Term of Options Options expire on the expiration date set forth in the option certificate, as determined by the Board, and must be exercised, if at all, on or before the expiration date.

Related to Term of Options

  • Number of Options For each Component, as provided in Annex A to this Confirmation.6 Option Entitlement: One Share Per Option Strike Price: USD [_____] Cap Price: USD [_____]; provided that in no event shall the Cap Price be reduced to an amount less than the Strike Price in connection with any adjustment by the Calculation Agent under this Confirmation.

  • Date of Option Grant means __________________.

  • Type of Option Nonqualified Stock Option Expiration Date: Tenth anniversary of the Grant Date (the “Option Period”)

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

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Initial Grant means an Option granted to a Non-Employee Director who meets the specified criteria pursuant to Section 6(a).

  • Director Option means an Option granted pursuant to Section 6.

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

  • Original Term shall have the meaning specified in Section 10 hereof.

  • Option Exercise Period has the meaning set forth in Section 6.4.

  • Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.

  • Compensation Options has the meaning ascribed in Section 8.1.

  • Option 3 [ ] A Participant satisfies the Plan's Early Retirement Age conditions by attaining age ________ (not less than 55) and completing ________ Years of Vesting Service.

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Options means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Optional Termination Price On any date after the Initial Optional Termination Date, an amount equal to the sum of (A) the aggregate Stated Principal Balance of each Mortgage Loan (other than any Mortgage Loan that has become an REO Property) as of the Distribution Date on which the proceeds of the Optional Termination are distributed to the Certificateholders, plus accrued interest thereon at the applicable Mortgage Rate as of the Due Date preceding the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders and the fair market value of any REO Property, plus accrued interest thereon as of the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders, (B) any unreimbursed out-of-pocket costs and expenses owed to the Master Servicer, the Trustee or the Securities Administrator (including any amounts incurred by the Securities Administrator in connection with conducting the Auction), a Servicer or the Master Servicer and any unpaid or unreimbursed Servicing Fees, Monthly Advances and Servicing Advances, (C) any unreimbursed costs, penalties and/or damages incurred by the Trust Fund in connection with any violation relating to any of the Mortgage Loans of any predatory or abusive lending law and (D) in the event an Auction has been conducted, all reasonable fees and expenses incurred by the Securities Administrator to conduct the Auction.

  • Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • Annual Grant means an Option granted annually to all Non-Employee Directors who meet the criteria specified in subsection 6(b) of the Plan.

  • Parent Options means options or other rights to purchase shares of Parent Common Stock issued by Parent.

  • Initial Term has the meaning set forth in Section 7.1.

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • Additional Term means that term commencing on the last day of the Basic Term and terminating one (1) year thereafter.