ADS Option definition

ADS Option means each outstanding option award issued by the Company pursuant to the Share Incentive Plans that entitles the holder thereof to purchase one (1) ADS upon the vesting of such award.
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Examples of ADS Option in a sentence

  • This instrument (the “Option Agreement”) evidences the grant of a Substituted Option with respect to the Holder (the “Option”) and the cancellation of the ADS Option that it replaces.

  • Each Substituted Option covers a number of the number of Shares equal to 1.0296 times the number of ADS Shares covered by the canceled ADS Option, and has an exercise price equal to the exercise price of the ADS Option divided by 1.0296.

  • Upon exercise of the Additional ADS Option with respect to all or any portion of the Option ADSs, subject to the terms and conditions set forth herein, (i) the Company shall become obligated to sell to the Underwriters the number of Option ADSs specified in such notice and (ii) each of the Underwriters, acting severally and not jointly, shall purchase that portion of the total number of Option ADSs then being purchased as set forth in Schedule 1 opposite the name of such Underwriter.

  • The Underwriters shall not be under any obligation to purchase any Option ADSs prior to the exercise of the Additional ADS Option.

  • The Firm ADSs and the Option ADSs are hereinafter referred to together as the “Public Securities.” The offering and sale of the Public Securities is hereinafter referred to as the “Offering.” It is agreed that Public Securities delivered to Nacht will first be allocated to the Additional ADS Option, if any.

  • The Additional ADS Option granted pursuant to Section 1.2.1 hereof may be exercised at any time and from time to time by the Representative as to all or any part of the Option ADSs within 45 days after the date of this Agreement.

  • The ADS Option shall become fully vested and exercisable upon the Executive's death, Disability, termination without Cause, the Executive's termination for Good Reason, or upon a Change in Control (as defined in Exhibit A hereto), and shall remain exercisable for the entire exercise period.

  • The ADS Option shall be subject to such further terms and conditions as shall be set forth in an agreement between the Company and the Executive, a copy of which is attached hereto as Exhibit B.

  • The Additional ADS Option granted pursuant to Section 1.2.1 hereof may be exercised at any time and from time to time by the Representative as to all or any part of the Option ADSs within 30 days after the date of this Agreement.

  • Once vested, each portion of the ADS Option shall remain exercisable for ten (10) years from the date of grant.