Base Option definition

Base Option means a medical benefits option that supplements Medicare benefits as described in this document.
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Base Option shall have the meaning set forth in Section 2.3.
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Base Option means each Base Option granted to the Grantee pursuant to Section 2.1. Each Base Option provides the Grantee a right to purchase one Base Option Share (subject to adjustment in accordance with the Equity Incentive Plan and this Agreement) on the terms and subject to the conditions in this Agreement and the Equity Incentive Plan.
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Examples of Base Option in a sentence

  • The Base Option will be governed by the Plan and shall be granted pursuant to a separate stock option grant notice and stock option agreement.

  • The Base Option V Coverage A, B; Mid Option III Coverage A, B, C and High Option I coverage A, B, C, and D are available to the employee in either Single, Two-Person or Family Plans.

  • The exercise price per share of the Base Option will be equal to the fair market value of a single share of Common Stock on the date the Base Option is granted, as determined in good faith by the Board.

  • The exercise price per share of the Base Option will be equal to the closing selling price as reported on the Nasdaq Stock Market on the date the Base Option is granted.

  • The exercise price per share of the Base Option will be equal to the fair market value of a single share of Common Stock on the date the Base Option is granted, as determined under the terms of the Plan in good faith by the Board.

  • The Company will provide the group Dental Plan equivalent to that provided under Manulife Policy 37985, and as per the dental plan designs outlined in the myBenefits Program: Option 1 - Base; Option 2 - Buy Different; Option 3 - Buy Down: Option 4 - Buy Up.

  • The following plans, or replacement plans, known as “myBenefits” Option 1 - Base; Option 2 - Buy Different; Option 3 - Buy Down: Option 4 - Buy Up, provide coverage on a cost sharing basis, with exception of the Option 3 - Buy Down Plan, where the Employer contributes to all premium costs, excluding the Supplementary Life Benefit, to all eligible employees as applicable for the duration of this Agreement.

  • The Base Option 5 Coverage A, B; Mid Option 3D Coverage A, B, C and High Option 1S coverage A, B, C, and D are available to the employee in either Single, Two-Person or Family Plans.

  • The Base Option shall be subject to vesting such that, subject to CFO’s continued employment with the Company, 1/4 of the shares subject to the Base Option shall vest as of the first anniversary of the Effective Date and l/48th of the shares subject to the Base Option shall vest in equal monthly installments on the monthly anniversary of the Effective Date of each month for the 36 months thereafter.

  • The Base Option shall be subject to vesting such that, subject to CSO’s continued employment with the Company, 1/4 of the shares subject to the Base Option shall vest as of the first anniversary of the Effective Date and 1/48th of the shares subject to the Base Option shall vest in equal monthly installments on the monthly anniversary of the Effective Date of each month for the 36 months thereafter.


More Definitions of Base Option

Base Option means an option granted pursuant to Section 5.3(a) to purchase one or more Subordinate Voting Shares from Celestica pursuant to the terms of this Plan, and includes the agreement setting forth the same.
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Base Option has the meaning assigned in the recitals;
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