Tranche A Options definition

Tranche A Options. [•] $ [•] Tranche B Options [•] $ [•] Tranche C Options [•] $ [•]
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Tranche A Options means the options designated as Tranche A Options under the Company’s 2003 Stock Option Plan. ”Tranche B Options” means the options designated as Tranche B Options under the Company’s 2003 Stock Option Plan.
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Tranche A Options. Tranche A will be comprised of options equal in number to 34.3% of the Option Pool (6% of the 17.5% pro forma ownership). Tranche A Options vest immediately at Closing, with the exception of Tranche A1 Options described below. 50% of the Tranche A Options issued to Jim X. Xxxxxx, Xxvix X. Xxxxx xxx John X. Xxxxxx (xxe "Tranche A1 Options") will vest ratably on the first day of each month for the 24 months following the first anniversary of the closing date. If a Tranche A1 Optionholder leaves voluntarily or is terminated for cause prior to the third anniversary of the Closing Date, such person's unvested Tranche A1 Options will be forfeited. If such Tranche A1 Optionholder's employment terminates for any other reason, all of such Optionholder's Tranche A1 Options vest immediately.
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Examples of Tranche A Options in a sentence

  • In the event of a Change in Control, any Tranche A Options that have not become vested at the time of such Change in Control shall be cancelled and converted into an award (a “Converted Award”) representing the right to receive an amount in cash equal to the product of (i) the number of shares of Common Stock then subject to such Tranche A Options multiplied by (ii) the excess, if any, of (A) the price per share of Common Stock paid in such Change in Control over (B) the Option Price.


More Definitions of Tranche A Options

Tranche A Options. You were granted 200,000 “Tranche A Options” (as defined in the MSA) (i.e., options to purchase Class A common shares of UAI at $6.50/share) pursuant to the Share Option Agreement dated as of September 5, 2003 between yourself and UAI (the “Tranche A Option Agreement”). The Company is in physical possession of these Tranche A Options. Such Tranche A Options shall be treated as follows: (x) effective as of the dates specified below, 106,175 of such Tranche A Options may be exercised by you at any time beginning on the dates set forth below by payment to the Company (as provided in clause (vii) below) of the aggregate exercise price for those Tranche A Options subject to exercise, and (y) effective as of the date hereof, the remaining 93,825 Tranche A Options shall be cancelled upon the execution of this Agreement and the payment to you by the Company or an affiliate of $328,388, subject to applicable taxes and withholding. Class A Shares acquired upon the timely exercise of the Tranche A options referenced in subclause (x) above (the “Exercisable Tranche A Options”) shall no longer be subject to any of the provisions of the MSA, including without limitation the transfer restrictions of Article II and the limited call and put rights of Article IV of the MSA. With respect to the 106,175 Exercisable Tranche A Options, the Tranche A Option Agreement and the MSA shall not apply to (I) 46,000 of such Exercisable Tranche A Options (or shares acquired upon the exercise thereof) on November 7, 2005 and (II) 4,800 Exercisable Tranche A Options (or shares acquired upon the exercise thereof) on each Monday thereafter until December 12, 2005 as the last such Monday; provided that as of January 1, 2006, (i) the Tranche A Option Agreement and MSA shall not apply to any of the Exercisable Tranche A Options (or shares acquired upon the exercise thereof) and (ii) the Tranche A Option Agreement shall be void and without force or effect and therefore, any Tranche A Options (or shares acquired upon the exercise thereof) then owned by you shall be free and clear of any restrictions otherwise imposed by such Agreement or the MSA. All UAI shares that you purchase as a result of your exercise of these Exercisable Tranche A Options upon the release of restrictions on such Exercisable Tranche A Options according to the above schedule, shall be marketable, transferable and free and clear of all restrictions on sale or transfer.
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Tranche A Options means those Options designated by the Board as Tranche A Options.
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Related to Tranche A Options

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

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

  • Class A Ordinary Share Value means, as of the close of business on the day preceding the date, the volume weighted average trading price of the Class A Ordinary Shares on all trading platforms or trading systems on which the Class A Ordinary Shares are being traded over the forty-five (45) trading days then ended, provided, that if the total aggregate trading volume over such 45-trading-day period is less than 5% of the public float, such period shall be extended to the ninety (90) trading days then ended, provided, further, if the total aggregate trading volume over such 90-trading-day period is less than 5% of the public float, the holder of the Class B Ordinary Shares shall request that the Board obtain an appraisal of the value of the Class A Ordinary Shares from one or more independent nationally-recognized third party appraisal companies and such appraisal shall constitute the Class A Ordinary Share Value.

  • 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).

  • Vesting Event means the earliest to occur of the following events:

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

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

  • Initial Stock Loan Rate means, in respect of a Share, the Initial Stock Loan Rate specified in relation to such Share in the applicable Pricing Supplement.

  • Total Outstanding Shares means the aggregate number of shares of Company Capital Stock issued and outstanding immediately prior to the Effective Time.

  • Class A Common Stock means the Company's Class A Common Stock, par value $.01 per share.

  • Parent Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of Parent.

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

  • Class B Common Stock means the Class B common stock, par value $0.0001 per share, of the Company.

  • Class A Ordinary Share means an Ordinary Share of a par value of US$0.0001 in the capital of the Company, designated as a Class A Ordinary Shares and having the rights provided for in these Articles;

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Parent Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of Parent.

  • Class C Common Stock means the Class C Common Stock, par value $0.01 per share, of the Company.

  • Class A Common Shares means the Class A common shares of the Company, par value US$0.00001 per share, at the date of this Indenture, subject to Section 14.07.

  • Early Preference Share Valuation Date means the date specified as such in the relevant Early Preference Share Redemption Notice which shall fall not less than one day and not more than 180 days following the day such Early Preference Share Redemption Notice is given. The Early Preference Share Redemption Notice may provide that such date is subject to adjustment in accordance with certain disruption or adjustment events, as determined by the Calculation Agent.

  • Common Stock Outstanding means, at any given time, the number of shares of Common Stock issued and outstanding at such time.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

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

  • Company Outstanding Shares means the total number of shares of Company Common Stock outstanding immediately prior to the Effective Time, expressed on a fully-diluted and as-converted to Company Common Stock basis.