'B' Option definition

'B' Option means a "B" Option granted under Section 6(a) of the Plan.
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'B' Option means an option to purchase from the Company 40,000 shares of common stock of the Company, upon the terms and subject to the conditions set forth herein.
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'B' Option has the meaning specified in Section 2.02.
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Examples of 'B' Option in a sentence

  • Your right to exercise the Option with respect to any Tranche B Option Shares pursuant to this Section 5(c) shall be in addition to your right to exercise the Option with respect to the Make-up Year as provided in Section 5(b) above.

  • The Company shall, within five (5) days of the expiration of the Series B Notice Period, provide written notice to the fully participating Series B Investors indicating the number of shares of Offered Stock not elected to be purchased by the other Series B Investors (the "Company B Option Notice").

  • The Option also entitles the Optionee to purchase 1,556 shares of the Company's Class B Common Stock at a price equal to $100.00 per share (the "Class B Option Exercise Price" and, collectively with the Class A Option Exercise Price, the "Option Exercise Price"), which the parties acknowledge is not less than the fair market value of one share of the Class B Common Stock as of the Effective Date.

  • Any portion of the Tranche B Option that becomes a Vested Option in accordance with the foregoing provisions of this Section 4(c)(ii) shall remain outstanding pursuant to the provisions of Section 8(a).

  • Employees of the former City of York, on staff prior to July 31, 1982, who did not enrol in the new STD plan will be covered by Schedule B, Option B of the former Local 103 Collective Agreement.

  • The Participant agrees to be bound by the terms of the Option Rules set forth in Exhibits A and B ("Option Rules").

  • Any portion of the Tranche B Option which does not become a Vested Option upon the occurrence of such Termination of Relationship, in accordance with the performance criteria set forth in Section 4(b) (after giving effect to this Section 4(b)(1)), shall be immediately forfeited.

  • Any portion of the Tranche B Option which does not become a Vested Option upon the occurrence of such Change in Control, in accordance with the performance criteria set forth in Section 4(b) (after giving effect to this Section 4(c)(i)), shall be immediately forfeited.

  • The Long Term Disability Plan with have a fourteen (14) day waiting period and will be carried up to the age of 60 (Plan B, Option II).

  • Commencing on May 31, 2002 and provided that you shall continue to be employed on a full time basis by the Company or any subsidiary or parent thereof, you shall be entitled to exercise the Option with respect to 100% of such Tranche B Option Shares (as the same may be adjusted from time to time pursuant to Section 13 below, and rounded to the nearest whole share) until the Option expires and terminates pursuant to Section 2 hereof.

Related to 'B' Option

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

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • 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.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Vested Options means the Options that have vested in accordance with Section 1.3 of this Agreement.