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.
Sample 1Sample 2Sample 3
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.

  • Placement Subscribers under Placement Tranche 1 are being offered the Tranche 1 Options under this Prospectus ( Tranche 1 Option Offer).

  • Complii Tranche 1 Option means an unlisted option to acquire a Complii Share, exercisable at $0.075 each and expiration date being two (2) years from completion of the Takeover Bid and otherwise on identical terms as the existing Complii Tranche 1 Options as set out in section 11.5 of the Complii Prospectus dated 11th November 2020.

  • 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.

  • The Regal Group intends to finance its subscription of the Tranche 1 CB and the Tranche 1 Option CB (if applicable) by the internal available resources of the Regal Group.

  • The exercise price for each tranche increases by 10% each tranche, with the exercise price for the Tranche 1 Option Shares set at $1.49 per share, being 10% above the FB Allotment and FB Acquisition price of $1.35 per share.

  • 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.

  • 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 Options to be issued under the Tranche 1 Option Offer will be issued utilising the Company’savailable capacity under ASX Listing Rule 7.1 and accordingly the Tranche 1 Option Offer is not conditional on Shareholder approval.

  • 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.

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.

  • 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.

  • 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.

  • Tranche 1 January 1, 2015 through December 31, 2015, which is allotted 25% of the Target Award,

  • 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.

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

  • Tranche 2 has the meaning set forth in Section 2.2(a)(ii).

  • 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 any option, restricted stock award, restricted stock unit award, stock appreciation right or other equity award to acquire shares of the Company’s common stock granted or issued to the Executive.

  • 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.

  • Vested means the nonforfeitable portion of any account maintained on behalf of a Participant.