Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.
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.
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.
Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".
Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.
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.
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.
Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.
Company Options means any options to purchase shares of Company Common Stock, whether granted pursuant to any of the Company Stock Plans or otherwise.
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.
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.
Unvested Company Option means any Company Option that is not a Vested Company Option.
SARS means the South African Revenue Service.
Vested Option means any Option, which has already been vested according to the Vesting Dates.
Company Stock Option Plans shall have the meaning set forth in Section 3.07(a).
Option Plans has the meaning set forth in Section 2.6 below.
Optioned Stock means the Common Stock subject to an Option.
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.
Rollover Option has the meaning set forth in Section 2.4(a).
Parent Option means any option to purchase Parent Common Stock which was granted pursuant to a Parent Option Plan.
Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.
Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.
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.
Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.