Reload Options. Upon exercise of all or part of an option (other than a Reload Option (as hereinafter defined)) to purchase shares of Common Stock granted under the Plan (an "Option") within 30 days of vesting of the portion of the Option so exercised, with all or part of the payment of the exercise price in the form of shares of Common Stock, the Committee may, at its sole and absolute discretion, grant Employee a new Option for shares of Common Stock equal to the number of shares that were delivered by Employee to the Parent to pay, in whole or in part, the exercise price of the previous Option (a "
Appears in 2 contracts
Sources: Employment Agreement (Prime Service Inc), Employment Agreement (Prime Service Inc)
Reload Options. Upon exercise of all or part of an option (other -------------- than a Reload Option (as hereinafter defined)) to purchase shares of Common Stock granted under the Plan (an "Option") within 30 days of vesting of the portion of the Option so exercised, with all or part of the payment of the exercise price in the form of shares of Common Stock, the Committee may, at its sole and absolute discretion, grant Employee a new Option for shares of Common Stock equal to the number of shares that were delivered by Employee to the Parent to pay, in whole or in part, the exercise price of the previous Option (a "
Appears in 1 contract