Tranche 1 Option definition

Tranche 1 Option means the portion of the Stock Option to purchase the number of shares of Stock set forth in Schedule A that is subject to time-based vesting in accordance with the terms of this Agreement, including Schedule A, and the Plan.
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Tranche 1 Option. “Tranche 1 Option” shall mean any option with an exercise price per Share that is less than the amount of the Cash Consideration.
Sample 1

Examples of Tranche 1 Option in a sentence

  • Notwithstanding anything in the Plan to the contrary, the Tranche 1 Option and the Tranche 2 Option will vest in accordance with the terms of Schedule A attached hereto.

  • If the Tranche 1 Option vested in monthly installments, it would vest with respect to 2,083 shares per month.

  • In this hypothetical, the Tranche 1 Option would have vested with respect to 20,000 shares on 11/1/2016, prior to the date of termination.

  • The Tranche 1 Option Shares shall become Vested Option Shares in the event a share of Common Stock appreciates to $14 per share (or more) for a period of 20 consecutive trading days on or before December 3, 2015.

  • Tranche 1 Option are granted in recognition of services provided to the Company by Landsdowne in relation to the search and securing of a proposed new chairman of the board of the Mayur.

  • Notwithstanding the foregoing, Shares subject to the Tranche 1 Option shall not vest on any vesting date unless the Optionee has remained in continuous Employment from the Date of Grant until such vesting date.

  • The number of Tranche 1 Option Shares will be reduced to the extent of any such sale- 5,963,355 fully paid ordinary shares (the Tranche 2 Option Shares), which will comprise 10% of the issued capital of BurgerFuel as at the Completion Date, may be purchased if Franchise Brands issues an Exercise Notice during the period commencing 20 business days before the 4th anniversary of the Completion Date and ending on the Tranche 2 End Date (the Tranche 2 Period).

  • The Tranche 1 Option, unless earlier terminated or forfeited, shall become vested as to 20% of the total number of Shares subject to the Tranche 1 Option on each of the first, second, third, fourth and fifth anniversaries of the Vesting Commencement Date.

  • If Franchise Brands does not issue an Exercise Notice during the Tranche 1 Period, MRHL may sell up to 1,000,000 of the Tranche 1 Option Shares to any other buyer.

  • The Portfolio Holder was pleased to present this report as provision of the service would ensure that vulnerable people, who are unable to obtain a meal and cannot prepare their own, are not put at risk.

Related to Tranche 1 Option

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

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

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Non-Vested Shares means any portion of the Restricted Stock subject to this Agreement that has not become vested pursuant to this Section 2.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

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

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of immediately prior to the Effective Time or will vest solely as a result of the consummation of the Merger.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Promised Options means promised but ungranted Options that are the greater of those (i) promised pursuant to agreements or understandings made prior to the execution of, or in connection with, the term sheet or letter of intent for the Equity Financing or Liquidity Event, as applicable (or the initial closing of the Equity Financing or consummation of the Liquidity Event, if there is no term sheet or letter of intent), (ii) in the case of an Equity Financing, treated as outstanding Options in the calculation of the Standard Preferred Share’s price per share, or (iii) in the case of a Liquidity Event, treated as outstanding Options in the calculation of the distribution of the Proceeds.

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Optioned Stock means the Common Stock subject to an Option.

  • Employee Option means an Option granted pursuant to Section 5.

  • Company Option means an option to purchase shares of Company Common Stock granted under the Company Incentive Plan.

  • Call Option Date As defined in Section 10.01(a) hereof.

  • Performance Option means an Incentive Stock Option or Nonqualified Stock Option, the grant of which or the exercisability of all or a portion of which is contingent upon the attainment of specified Performance Measures within a specified Performance Period.

  • Approved 102 Option means an Option granted pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of the Optionee.

  • Stock Index Option means an exchange traded option entitling the holder, upon timely exercise, to receive an amount of cash determined by reference to the difference between the exercise price and the value of the index on the date of exercise.

  • Rollover Option has the meaning set forth in Section 2.4(a).

  • Vested Portion means, at any time, the portion of an Option which has become vested, as described in Section 3 of this Agreement.

  • Unapproved 102 Option means an Option granted pursuant to Section 102(c) of the Ordinance and not held in trust by a Trustee.

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

  • Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.

  • Equity Award means all incentive stock options, non-statutory stock options, shares of restricted stock, restricted stock units or other incentive equity awards in respect of shares of the Company’s equity securities that have been or will be granted to you by the Company.

  • Aggregate Option Exercise Price means, as of any date of determination, the sum of the exercise prices payable upon exercise in full of all Vested Options held by all Optionholders immediately prior to the Effective Time, based on the Estimated Merger Consideration or the Final Adjusted Merger Consideration, as applicable.