the Option definition

the Option means the Option to purchase the Property referred to in item 4 of the Fourth Schedule;

the Option means the Option to purchase the Unit referred to in item 4 of the Third Schedule;

the Option. (as defined in Section 1 of the Stock Option Agreement) granted under the Stock Option Agreement to terminate and be of no further force and effect.

Examples of the Option in a sentence

• If, on the date of termination, the Optionee is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall revert to the Plan.

• Unless otherwise provided by the Administrator, if on the date of termination the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert to the Plan.

• Full payment may consist of any consideration and method of payment authorized by the Administrator and permitted by the Option Agreement and the Plan.

• If, after termination, the Optionee does not exercise his or her Option within the time specified herein, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan.

• The Company shall issue (or cause to be issued) such Shares promptly after the Option is exercised.

More Definitions of the Option

the Option means the option recorded in clause 2 below;

the Option has been granted pursuant to the Plan, and the terms and conditions of the Plan are incorporated by reference in this Agreement as though set forth herein in their entirety.

the Option has been granted pursuant to The Progressive Corporation 1995 Incentive Plan (the "Plan") and shall include and be subject to all provisions of the Plan, which are hereby incorporated herein by reference, and shall be subject to the following provisions of this Agreement:

the Option granted herein is granted subject to all the terms and conditions of the Agreement, including, but not limited to, the following provisions:

the Option granted shall contain the standard terms and provisions required by the Plan, together with a provision for vesting dates as follows: 50% shall vest if ACX Technologies, Inc.'s ("ACX") stock price is $20.00 per share on average for 30 consecutive trading days; the remaining 50% (100% in total) shall vest if the ACX stock price is $25.00 per share on average for 30 consecutive trading days. On the third anniversary from the Grant Date any increment not yet exercisable as a result of the preceding sentence shall become fully exercisable. The Option once vested shall be exercisable until the tenth anniversary of the Grant Date, at which time the Option shall expire. Thereafter, Executive shall participate in such equity plans as CTI may from time to time make available to its executive employees.

the Option the option granted by BHL to Luna xxxer Clause 2;

the Option means the right hereby granted to subscribe for Shares and which is exercisable only subject to and in accordance with the terms and conditions of this Share Option Contract (as amended from time to time pursuant to clause 9);