Traditional Options definition

Traditional Options. A particular type of option (called a "traditional option") is written by certain London Stock Exchange firms under special exchange rules. These may involve greater risk than other options. Two way prices are not usually quoted and there is no exchange market on which to close out an open position. It may be difficult to assess the value of a traditional option or for the seller of such an option to manage his exposure to risk. Again, the Investment Adviser should only provide for the Investment Guidelines to permit the Local Manager to invest in "traditional options" if the Investment Adviser is fully aware of the risks involved. 3.2.4
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Traditional Options certain London Stock Exchange member firms under special exchange rules write a particular type of option called a "traditional option". These may involve greater risk than other options. Two-way prices are not usually quoted and there is no exchange market on which to close out an open position or to affect an equal and opposite transaction to reverse an open position. It may be difficult to assess its value or for the seller of such an option to manage his exposure to risk. Certain options markets operate on a margined basis, under which buyers do not pay the full premium on their option at the time they purchase it. In this situation you may subsequently be called upon to pay margin on the option up to the level of your premium. If you fail to do so as required, your position may be closed or liquidated in the same way as a futures position.
Sample 1

Examples of Traditional Options in a sentence

  • Depending on coverages prior to the Severed Employee’s Severance Date, these benefits could include the following, but do not include any other benefits offered by the Company: Life Insurance, which includes Basic, Executive Basic, Supplemental, and Dependent Life; Personal Accident Insurance; Medical (Primary PPO and Traditional Options); and Dental (CP Dental Option).

  • In addition to the Traditional Options, on June 30, 2003 the Corporation granted to MADDON under the Corporation’s 1996 Stock Incentive Plan, as amended, irrevocable NQOs to purchase up to 112,500 shares of the Corporation’s Common Stock at a price of $15.06 per share, representing the fair market value per share of the Common Stock as of the close of business on June 30, 2003 (the “Milestone Based Options”).

  • Except as provided herein or as may be required under Section 422A of the Code with respect to ISOs, neither the Traditional Options nor the Valuation Based Options shall be subject to any limitations under any stock option plan or otherwise on the post-employment period during which such options may be exercised or to any repurchase rights by the Corporation.

  • In addition to the Traditional Options, since June 29, 2003 the Corporation has granted to MADDON under the Corporation's 1996 Stock Incentive Plan, as amended, irrevocable NQOs to purchase shares of the Corporation's Common Stock (the "Milestone Based Options") which vest upon the achievement of certain clinical, financial and operational milestones set forth in the accompanying option award agreement.

  • In addition to the Traditional Options, the Corporation hereby agrees to grant to MADDON under the Corporation's existing or new stock option plan irrevocable NQOs to purchase up to 500,000 shares of the Corporation's Common Stock at a price of $4.00 per share (the "Valuation Based Options").

  • All Traditional Options, Milestone Based Options and options to purchase securities of the Corporation hereafter granted to MADDON (whether in the form of or similar to Traditional or Milestone Based Options or otherwise, and notwithstanding anything to the contrary contained in any agreement or plan relating thereto) (collectively, the “Options”) shall vest and become fully exercisable immediately upon any "Change in Control".

  • The Traditional Options and the Valuation Based Options (collectively, the "Options") will be set forth in one or more written stock option agreements to be executed and delivered to MADDON contemporaneously with the execution and delivery of this Agreement.

  • Traditional Options: certain London Stock Exchange member firms under special exchange rules write a particular type of option called a “traditional option”.

  • Manager shall have the sole right and authority to hire, employ, train, supervise, terminate and compensate all non-clinical employees and staff for the Center, except as otherwise specifically provided below.

  • The general terms and conditions governing Traditional Options and the Milestone Based Options are set forth in written stock option agreements that were previously executed and delivered to MADDON and any general terms and conditions governing Future Options will be set forth in written stock option agreements executed and delivered to MADDON at the time of such grant (collectively, the “Options”).

Related to Traditional Options

  • Investment Options means the investment options, as determined from time to time by the Committee, used to credit earnings, gains and losses on Account balances.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

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

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

  • Rollover Options has the meaning provided in Subsection 3.1(h).

  • Company Stock Options means any option to purchase Company Common Stock pursuant to any Company Stock Plans.

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

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.

  • Company Stock Option Plans means the Company’s 2000 Employee Stock Option Plan, 1997 Employee Stock Option Plan and 1995 Stock Option Plan, in each case as amended.

  • Investment Option means any of the guaranteed investments and variable investment funds available under the Plan.

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

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

  • Employee Stock Purchase Plan means a plan that grants Purchase Rights intended to be options issued under an “employee stock purchase plan,” as that term is defined in Section 423(b) of the Code.

  • Incentive Plans means any incentive, bonus, deferred compensation or similar plan or arrangement currently or hereafter made available by Employer in which Executive is eligible to participate.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Company Stock Option Plan means each stock option plan, stock award plan, stock appreciation right plan, phantom stock plan, stock option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any stock, option, warrant or other right to purchase or acquire capital stock of the Company or right to payment based on the value of Company capital stock has been granted or otherwise issued.

  • Stock Purchase Rights means any warrants, options or other rights to subscribe for, purchase or otherwise acquire any shares of Common Stock or any Convertible Securities.

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

  • Option Plans has the meaning assigned thereto in Section 2.5(b).

  • Incentive Shares means an award of shares granted pursuant to Section XIII.

  • Incentive Distribution Right means a non-voting Limited Partner Interest issued to the General Partner, which Partnership Interest will confer upon the holder thereof only the rights and obligations specifically provided in this Agreement with respect to Incentive Distribution Rights (and no other rights otherwise available to or other obligations of a holder of a Partnership Interest). Notwithstanding anything in this Agreement to the contrary, the holder of an Incentive Distribution Right shall not be entitled to vote such Incentive Distribution Right on any Partnership matter except as may otherwise be required by law.

  • Compensation Options means the options of the Company to be issued to the Agent pursuant to Section 8.2 hereof to acquire Compensation Shares;

  • Incentive means a term or condition whose purpose is to motivate the Contractor to provide supplies or services at lower costs, and in certain instances with improved delivery or technical performance, by relating the amount of profit or fee earned to the Contractor’s performance.

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

  • Incentive Stock Options means Option Rights that are intended to qualify as “incentive stock options” under Section 422 of the Code or any successor provision.