Active Option definition

Active Option means a Firm or Non-Firm Contracted Option that is used to meet the energy requirements of the VIPP Supplier in the Payment Period. This Contracted Option shall incur the full Option Fee. This Contracted Option must be nominated as an Active Option;
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Examples of Active Option in a sentence

  • Each such New Holdco Stock Option will have a per-share exercise price equal to (x) EUR 2.56 divided by (y) the Linde Exchange Ratio (the result being rounded up to the nearest cent), and the exercise period with respect to such New Holdco Stock Option shall expire on the same date that the exercise period with respect to the applicable Linde Active Option would have expired (treating service with New Holdco and its Subsidiaries or Listed Subsidiaries as service with the Linde Group for this purpose).

  • Active Option A reserve may volunteer to go to the top of the FIFO list.

Related to Active Option

  • Incentive Option means an Option that is intended to comply with the requirements set forth in Section 422 of the Code.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Employee Stock Option means an option granted to an Employee, which gives such Employee the right, but not an obligation, to purchase or subscribe at a future date the Shares underlying the Option at a pre-determined price.