Western Options definition

Western Options means collectively the outstanding options to purchase Western Common Shares issued pursuant to the Western Stock Option Plan and pursuant to stand alone option agreements to which Western is a party; and
Western Options has the meaning ascribed thereto in Section 2.6(c)(i);
Western Options means, collectively, the outstanding options to purchase Western Shares issued pursuant to the Western Option Plan and pursuant to stand alone option agreements to which Western is a party.

Examples of Western Options in a sentence

  • Similarly, Colmar Brunton’s (2009) “Kāpiti Coast Survey”, which was commissioned by the NZTA, found that nearly half (49 percent) of the 1,000 respondents preferred the Western Link Road (WLR) Option and 33 percent of respondents preferred the NZTA’s initial Eastern and Western Options.

  • All outstanding Western Common Shares have been duly authorized and validly issued, are fully paid and non-assessable and are not subject to, nor were they issued in violation of, any pre-emptive rights and all Western Common Shares issuable upon the exercise of Western Options in accordance with the terms of such options will be duly authorized and validly issued as fully paid and non-assessable and will not be subject to any pre-emptive rights.

  • Subject to the Interim Order, the Western Shareholder Approval is the only vote of the holders of any class or series of the Western Common Shares, Western Options or other Convertible Securities of Western necessary to approve this Agreement and the Arrangement.

  • However, New Gold makes no representation or warranty to Western, or Western Shareholders, or any holder of Western securities (including without limitation any holder of Western Options) or any Qualified Holdco Shareholder regarding the U.S. federal income tax consequences to Western, Western Shareholders, or any holder of Western securities of the Arrangement.

  • All In-The-Money Western Options held by directors or officers of Western shall have been exercised or shall have been surrendered for cancellation prior to the Effective Time.

  • Stock OptionsAs of the April 7, 2009, there were 12,913,718 Western Options outstanding of which certain directors and senior officers of Western beneficially owned, directly or indirectly, in the aggregate, 8,540,000 Western Options.

  • If the officers or directors do not exercise such 6,250,000 Western Options, they will not receive any consideration for these Western Options under the Arrangement.

  • The vesting of unvested Western Options is accelerated as a result of the Arrangement.

  • Pursuant to the Business Combination Agreement, the officers and directors of Western must exercise an aggregate of 6,250,000 In-The-Money Western Options prior to the Effective Time with the remainder of their Western Options to be exchanged for fully vested New Gold Replacement Options in accordance with the Arrangement.

  • With respect to Mr. Gerald Ruth, a director of Western, it has been agreed that 200,000 of the Western Options he holds, each exercisable at $2.80 per share, which would otherwise terminate 90 days following him ceasing to be a director, will be replaced by 200,000 New Gold Replacement Options expiring one year after the Effective Date.


More Definitions of Western Options

Western Options shall have the meaning ascribed to such term in Section 3.02(b) of this Agreement;

Related to Western Options

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

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

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

  • Compensation Options means the options of the Company to be issued to the Agent pursuant to Section 8.2 hereof to acquire Compensation Shares;

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • 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.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

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

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • Company Stock Options means any option to purchase Company Common Stock pursuant to any Company Stock Plans.

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

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

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

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

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

  • 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.

  • Covered Call Option means an exchange traded option entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities (excluding Futures Contracts) which are owned by the writer thereof and subject to appropriate restrictions.

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

  • Incentive Shares means an award of shares granted pursuant to Section XIII.

  • Restricted Stock means Shares issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.