Unapproved Option definition

Unapproved Option means an option over shares in the Company that is neither an HM Revenue & Customs approved company share option (under Schedule 4 ITEPA) nor an enterprise management incentive (EMI) option which meets the requirements of Schedule 5 ITEPA.

Unapproved Option means an option over shares in the Company that is neither an HM Revenue & Customs approved Company Share Option Plan nor an EMI Option.

Unapproved Option means an Option granted to a Participant other than a US Participant under the Plan which is not designated by the Committee as an Approved Option.

Examples of Unapproved Option in a sentence

• Unless otherwise provided by the Administrator, if on the date of termination the Participant is not vested as to his or her entire UK Unapproved Option, the Shares covered by the unvested portion of the UK Unapproved Option will revert to the Plan.

• The Option evidenced by this Agreement is intended to be an Unapproved Option.

• In the case of a Nonstatutory Stock Option (UK Unapproved Option), this will result in a recognition of taxable income to the Purchaser on the date of exercise, measured by the excess, if any, of the unrestricted Fair Market Value of the exercised Shares, at the time the Option is exercised over the purchase price for the exercised Shares.

• If the Shareholder Resolution is not passed, no amount shall be due from the Investor to the Company in respect of the Unapproved Option Shares.

• The Administrator will determine the acceptable form of consideration for exercising a UK Unapproved Option, including the method of payment.

More Definitions of Unapproved Option

Unapproved Option means an option over shares in the Company that is neither an HM Revenue & Customs company share option (under Schedule 4 ITEPA) nor an enterprise management incentive (EMI) option which meets the requirements of Schedule 5 ITEPA.

Unapproved Option means an Option that is neither an HM Revenue & Customs approved Company Share Option Plan nor an Enterprise Management Incentives (EMI) Option.

Unapproved Option means an Option which is unapproved for the purposes of UK taxation laws.

Unapproved Option means an Option granted in accordance with the Rules of the Plan and not in accordance with the Rules of this tax-advantaged Schedule.

Unapproved Option means an option or part of an option which fails to meet the requirements of Schedule 5 of ITEPA.

Unapproved Option means an option over shares in the Company that is neither an HM Revenue & Customs tax favoured company share option (under Schedule 4 ITEPA) nor an enterprise management incentive (EMI) option under Schedule 5 ITEPA.

Unapproved Option means each option granted by the Parent under the Unapproved Option Agreement(s) and pursuant to the Plan to acquire shares of common stock in the Parent.