Substitute Option means an Option granted in substitution for, or upon the conversion of, an option granted by another entity to purchase equity securities in the granting entity.
Substitute Common Stock means the common stock issued by the issuer of the Substitute Option upon exercise of the Substitute Option.
Primary substitute gift means the substitute gift created with respect to the primary devise.
Replacement Options has the meaning ascribed thereto in Section 1.1 of the Plan of Arrangement;
Replacement Option has the meaning ascribed thereto in Section 2.2(f);
Replacement Award means an Award granted in assumption of, or in substitution for, an outstanding award previously granted by a company or business acquired by the Company or with which the Company, directly or indirectly, combines.
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.
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.
Nonqualified Option means any Option that is not an Incentive Stock Option.
Make-Whole Fundamental Change Period shall have the meaning specified in Section 14.03(a).
Substitute employee is a person hired to perform the duties of a position in the temporary absence of the employee who is regularly assigned to that position.
Tandem SAR means an SAR that is granted in connection with a related Option pursuant to Article 7 herein, the exercise of which shall require forfeiture of the right to purchase a Share under the related Option (and when a Share is purchased under the Option, the Tandem SAR shall similarly be canceled).
Director Option means an Option granted pursuant to Section 6.
Parent Option means any option to purchase Parent Common Stock which was granted pursuant to a Parent Option Plan.
Incentive Option means an Option which by its terms is to be treated as an “incentive stock option” within the meaning of Section 422 of the Code.
Right of Repurchase means the Company’s right of repurchase described in Section 7.
Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.
Employee Option means an Option granted pursuant to Section 5.
Termination After Change in Control means either of the following events occurring within twelve (12) months after a Change in Control:
Reload Option means any Option granted under Section 6(a)(iv) of the Plan.
3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.
Non-Permitted Transferee A Person other than a Permitted Transferee.
Optional Repurchase is defined in Section 5.1(b).
Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.
Younger-generation substitute gift means the substitute gift created with respect to the younger-generation future interest.
SARS means the South African Revenue Services;