Cancelled Option definition

Cancelled Option is defined in Section 1.9(a)(ii). "Cash Election Shares" is defined in Section 1.10(b). "Closing Date" is defined in Section 1.13. "Closing" is defined in Section 1.13. "Code" means the Internal Revenue Code of 1986, as amended. "Company" is defined in the first paragraph. "Company Benefit Plan" means each bonus, deferred compensation, incentive compensation, stock purchase, stock option, severance or termination pay, hospitalization, medical, life or other insurance, supplemental unemployment benefits, profit-sharing, pension or retirement plan, program, agreement or arrangement, and each other employee benefit plan, program, agreement or arrangement, sponsored, maintained or contributed to or required to be contributed to at any time since December 31, 1999 by Company or ERISA Affiliate, that together with Company would be deemed a "controlled group" within the meaning of Section 4001(a)(14) of ERISA, for the benefit of any employee, director or former employee or director of Company or any ERISA Affiliate including any such type of plan established, maintained or contributed to under the Laws of any foreign country. "Company Common Stock" is defined in the Recitals. "Company Contract" is defined in Section 3.9(a). "Company Director BOLI" is defined in Section 5.5(f). "Company Disclosure Schedule" is defined in the introductory paragraph of Article 3. "Company Financial Statements" is defined in Section 3.6(a). "Company 401(k) Plan" is defined in Section 5.5(d). "Company Officer BOLI" is defined in Section 5.5(f). "Company Option" is defined in Section 1.9(a). "Company Option Plan" means Company's 1996 Stock Based Incentive Plan. "Company Preferred Stock" is defined in Section 3.2(a). "Company Reports" is defined in Section 3.6(b). "Company Stockholders" shall mean the holders of the Company Common Stock. A-2
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Cancelled Option has the meaning set forth in Section 3.3(b) below.
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Cancelled Option has the meaning set forth in Section 2.02.
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Examples of Cancelled Option in a sentence

  • Each Replacement Option will have a term equal to the lesser of (i) the remaining term of the Cancelled Option, or (ii) seven (7) years.

  • The vesting commencement date and vesting schedule for each Replacement Option will be the same as for the Cancelled Option which it replaces, subject to adjustment for any shares previously exercised.

  • The exercise/vesting schedule for the shares of Common Stock subject to Substitute Option Two shall be the same exercise/vesting schedule that was in effect for the shares of A&B Holdings common stock subject to Cancelled Option Two at the time of cancellation hereunder.

  • The exercise/vesting schedule for the shares of Common Stock subject to Substitute Option Three shall be the same exercise/vesting schedule that was in effect for the shares of A&B Holdings common stock subject to Cancelled Option Three at the time of cancellation hereunder.

  • The exercise/vesting schedule for the shares of Common Stock subject to Substitute Option Four shall be the same exercise/vesting schedule that was in effect for the shares of A&B Holdings common stock subject to Cancelled Option Four at the time of cancellation hereunder.

  • The holder of each Cancelled Option shall receive at the Effective Time from the Company, or as soon as practicable thereafter (but in no even later than the Company’s first full payroll after the Effective Time) from the Surviving Corporation, an amount in cash equal to the Option Consideration.

  • Each Replacement Option will have a term equal to the lesser of (i) the remaining term of the Cancelled Option, or (ii) five and one-half (51/2) years.

  • The payment of Option Consideration to the holder of a Cancelled Option shall be reduced by any income or employment tax withholding required under the Code any Applicable Law or as otherwise agreed by the parties at the time the Company Option was granted.

  • Such calculations are also intended to preserve on a per-share basis, immediately after the A&B Distribution, the same ratio of exercise price per option share to fair market value per share under each Substitute Option which existed under the corresponding Cancelled Option immediately prior to the A&B Distribution.

  • The vesting commencement date and vesting schedule for each Replacement Option will be the same as for the Cancelled Option which it replaces, subject to adjustment for any shares previously exercised, except that vesting will be suspended during the period between the cancellation date of the Cancelled Options and the New Grant Date.


More Definitions of Cancelled Option

Cancelled Option means an Amarillo Option (other than an Exercised Option) that is not a Cash-Out Option.
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Cancelled Option has the meaning assigned to such term in Section 5.2(b) of the Agreement.
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Related to Cancelled Option

  • 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.

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

  • Cancelled Shares has the meaning set forth in Section 3.1(a).

  • Company Option means an option to purchase shares of Company Common Stock granted under the Company Incentive Plan.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Company Options means options to purchase shares of Company Common Stock.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).

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

  • Director Option means an Option granted pursuant to Section 6.

  • Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.

  • Company RSU Award means any award of restricted stock units or performance stock units outstanding under the Company Stock Plans.

  • Company SAR means any stock appreciation right linked to the price of Company Common Stock and granted under any Company Stock Plan.

  • Company Option Plan means, collectively, each stock option plan, program or arrangement of the Company.

  • Company Stock Option means any option to purchase Company Common Stock granted under any Company Stock Plan.

  • Company Option Plans means the following stock option plans of the Company: (a) the Amended and Restated 1989 Stock Plan, (b) the Amended and Restated 1996 Stock Incentive Plan and (c) the 2002 Nonqualified Stock Incentive Plan.

  • Company Warrant means a warrant to purchase shares of Company Capital Stock.

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

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Employee Option means an Option granted pursuant to Section 5.

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

  • SARS means the South African Revenue Service.

  • Parent Option means an option to purchase shares of Parent Common Stock.

  • Unissued Option Shares means the number of Shares, at a particular time, which have been reserved for issuance upon the exercise of an Option but which have not been issued, as adjusted from time to time in accordance with the provisions of section 5, such adjustments to be cumulative.