Total Option Amount definition

Total Option Amount means the amount of Options granted to a Participant in a single Option Grant.
View Source
Total Option Amount means the aggregate amount the Optionholders are entitled to receive (after giving effect to the reduction for the aggregate exercise prices for the Options) in consideration for the cancellation of the Options pursuant to Section 2.3 (and for avoidance of doubt, without regard to any Tax withholding or any reductions provided for in Section 2.7).
View Source
Total Option Amount shall have the meaning set forth in Section 1.7 hereof.
View Source

Examples of Total Option Amount in a sentence

  • For the avoidance of doubt, any such exercise by the Company shall reduce the Total Option Amount.

  • Prior to the Closing, Target shall cause each outstanding option to purchase shares of Target's Stock (an "Option"), whether or not then exercisable, to be canceled and converted into the right to receive an amount in cash (the "Total Option Amount") equal to the product, rounded to four decimal places, of (i) the amount by which the Per Share Amount exceeds the exercise price per share subject to the Option and (ii) the number of shares subject to the Option.

  • Of the Total Option Amount, $1 for each share subject to the Option (the "Reserved Per Share Amount") shall be deposited with the Escrow Agent to be held and distributed pursuant to the terms of the Escrow Agreement, and the balance (the "Initial Option Amount") shall be distributed as provided in Section 2.3.

  • The Options shall be vested as to one-third of the Total Option Amount (or the number of shares underlying the outstanding Options, if less) on the Trigger Date, two-thirds of the Total Option Amount (or the number of shares underlying the outstanding Options, if less) on and after the first anniversary of the Trigger Date and all of the shares underlying the outstanding Options on and after the second anniversary of the Trigger Date.

  • However, unless determined otherwise by the Committee or Board, upon approval of the Option Grant or thereafter, the following shall apply: 25% of the Total Option Amount shall vest on the first anniversary of the Vesting Commencement Date, and additional 1/48 of the Total Option Amount shall vest on the last day of each month period immediately after the first anniversary of the Vesting Commencement Date.


More Definitions of Total Option Amount

Total Option Amount means the quotient obtained by dividing (a) the product of the Fully Diluted Amount and the Total Option Number by (b) the Average Closing Price.
View Source