CBS Option definition

CBS Option means any option granted, whether exercisable or not exercisable and not exercised or expired, to a current or former employee, director, consultant, advisor or independent
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CBS Option has the meaning set forth in the Merger Agreement.
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Examples of CBS Option in a sentence

  • The date of grant of the Substituted Option shall be the date on which the corresponding CBS Option was granted.

  • As promptly as reasonably practicable after the Effective Time, Viacom shall issue to each holder of an outstanding CBS Option a document evidencing the foregoing assumption by Viacom.

  • Except as otherwise provided in this Agreement, such Substituted Option shall otherwise be subject to the same terms and conditions as such CBS Option (except that all vesting periods with respect thereto shall, to the extent provided by the terms thereof, accelerate, and be subject to any other rights which arise under the CBS Stock Option Plans or the option agreements evidencing awards thereunder as a result of the transactions contemplated by this Agreement).

  • For the avoidance of doubt and notwithstanding anything in the Tax Matters Agreement to the contrary, the CBS Group shall be entitled to any Tax deductions arising in respect of the settlement of any such CBS Option or CBS RSU.

  • For the avoidance of doubt, in no event shall a CBS Option be converted into an Outdoor Americas Option prior to the occurrence of a “corporate transaction” (within the meaning of Section 1.424-1(a)(3) (or any successor provision) of the Treasury Regulations promulgated under Section 424 of the Code).

  • Any CBS Option or CBS RSU that does not convert into an Outdoor Americas Option or Outdoor Americas RSU pursuant to this Section 9.05 shall remain an obligation of the CBS Group and shall be settled (if at all) in accordance with its terms.

  • Each CBS Option and CBS RSU Award held by a Radio Employee who remains employed by the Radio Group immediately prior to the Effective Time shall be converted pursuant to the Merger Agreement.

  • For the avoidance of doubt, in no event shall a CBS Option be converted into a Radio Option prior to the occurrence of a “corporate transaction” (within the meaning of Section 1.424-1(a)(3) (or any successor provision) of the Treasury Regulations promulgated under Section 424 of the Code).

  • Any CBS Option or CBS RSU Award that does not convert pursuant to the Merger Agreement shall remain an obligation of the CBS Group and shall be settled (if at all) in accordance with its terms.

  • Any CBS Option, CBS RSU or CBS PRSU that does not convert into a Radio Option, Radio RSU or Radio PRSU pursuant to this Section 9.05 shall remain an obligation of the CBS Group and shall be settled (if at all) in accordance with its terms.

Related to CBS Option

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

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

  • Option Grant Date means, as to any Stock Option, the latest of:

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

  • Option means a stock option granted pursuant to the Plan.