Unapproved 102 Options definition

Unapproved 102 Options means 102 Stock Grants, Stock Rights or Options granted pursuant to Section 102(c) of the Ordinance and not held in trust by a Trustee.4.
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Examples of Unapproved 102 Options in a sentence

  • For the avoidance of doubt, such Election shall not prevent the Company from granting Unapproved 102 Options simultaneously.

  • In the case the requirements for Approved 102 Options are not met, then the Approved 102 Options may be regarded as Unapproved 102 Options, all in accordance with the provisions of Section 102.

  • For the avoidance of doubt, such Election shall not prevent the Corporation from granting Unapproved 102 Options simultaneously.

  • In the case the requirements for Approved 102 Options are not met, then the Approved 102 Options may be treated as Unapproved 102 Options, all in accordance with the provisions of Section 102 and regulations promulgated thereunder.

  • Options may be granted under this Plan in one of the following ways: (i) Approved 102 Options - to Employees through a Trustee, in accordance with those provisions of Section 102 applicable to the granting of Options through a Trustee, in such tax track as determined in accordance with the Election of the Company; or (ii) Unapproved 102 Options - to Employees, not through a Trustee; or (iii) 3(i) Options - to Grantees who are not Employees, not through a Trustee.

  • For the avoidance of doubt, such Election shall not prevent the Company from granting Unapproved 102 Options simultaneously.All Approved 102 Options must be held in trust by a Trustee, as described in Section 13.

  • It is further clarified that Unapproved 102 Options granted to Employees hereunder, and their respective option agreements, are subject to the provisions of Section 102 applicable to the granting of Options not through a Trustee, which shad be deemed an integral part of each, accordingly, and which shall prevail over any term that is inconsistent with such provisions of Section 102.

  • For the avoidance of doubt, the designation of Unapproved 102 Options and Approved 102 Options shall be subject to the terms and conditions set forth in Section 102 of the Ordinance and the regulations promulgated thereunder.

  • Any employee required to work on a paid holiday, will receive the regular daily rate for the normal work day plus double time for the hours actually worked on the said holiday.

  • In the event that Employee's employment with the Company or any Affiliate has ceased and such Employee was granted an Unapproved 102 Option, then as a condition to the exercise of the Unapproved 102 Options under the terms of the Option Plan, such Employee shall be required to deposit with the Company and/or its Affiliate an amount of money or such security or guarantee which is necessary to discharge such Employee's tax obligations with respect to such Unapproved 102 Options.

Related to Unapproved 102 Options

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

  • 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.

  • 102 Option means any Option granted to Employees pursuant to Section 102 of the Ordinance.

  • 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.

  • Option Plans has the meaning set forth in Section 2.6 below.

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

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

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

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

  • Company Options means any options to purchase shares of Company Common Stock, whether granted pursuant to any of the Company Stock Plans or otherwise.

  • Prior Plans means, collectively, the Company’s 2006 Long-Term Incentive Plan, as amended, 2009 Long-Term Incentive Plan, 2012 Long-Term Incentive Plan and 2013 Long-Term Incentive Plan. Awards granted under the Prior Plans continue to be governed under the terms of those Prior Plans.

  • Company Option Plans means the Company 1994 Incentive Stock Plan, the Company 1995 Outside Director’s Stock Option Plan and the Company 2004 Incentive Stock Plan.

  • Company Stock Option Plans shall have the meaning set forth in Section 3.07(a).

  • Number of Options For each Component, as provided in Annex A to this Confirmation.6 Option Entitlement: One Share Per Option Strike Price: USD [_____] Cap Price: USD [_____]; provided that in no event shall the Cap Price be reduced to an amount less than the Strike Price in connection with any adjustment by the Calculation Agent under this Confirmation.

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

  • Equity Awards will mean Executive’s outstanding stock options, stock appreciation rights, restricted stock units, performance shares, performance stock units and any other Company equity compensation awards.

  • Equity Plans meanss the stock option and incentive plans adopted and maintained by the Company from time to time.

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

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

  • 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.

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

  • Company RSUs means any restricted stock units granted under any of the Company Equity Plans.

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

  • Company Equity Awards means the Company RSU Awards and the Company PSU Awards.

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