CNB Option definition

CNB Option means an option to purchase shares of CNB Common Stock granted pursuant to any of the CNB Stock Option Plans and the outstanding option agreements, and outstanding as of the date hereof, as set forth in CNB Disclosure Schedule 3.4.1.
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Examples of CNB Option in a sentence

  • Effective simultaneous with the Closing, each outstanding CNB Option shall be cancelled by agreement between CNB and the holder of that CNB Option, and CNB will pay to the holder of that CNB Option, in cash, an amount (if any) equal to (i) $13.50, minus the exercise price of that CNB Stock as provided in the written agreement evidencing the CNB Option, multiplied by (ii) the number of shares covered by the CNB Optiion.

  • An Option Cancellation Agreement, as described in Paragraph 6.13 and in a form specified by and reasonably satisfactory to MFC, shall have been executed and delivered by and between CNB and each person who held a CNB Option at any time prior to the Effective Time, and CNB shall have delivered a copy of each such Option Cancellation Agreement to MFC.

  • CNB will obtain from each person who holds a CNB Option, and will deliver to MFC at the Closing, a written agreement (an "Option Cancellation Agreement"), in a form specified by and reasonably satisfactory to MFC, confirming and agreeing to the cancellation of that person's CNB Option as described above in consideration of his or her receipt of the above cash payment.

  • CNB Disclosure Schedule 4.3.1 sets forth: the name of each holder of a CNB Option, identifying the number of shares each such individual may acquire pursuant to the exercise of such options, the plan under which such options were granted, the grant, vesting and expiration dates, and the exercise price relating to the options held, and whether the CNB Option is a CNB Incentive Stock Option or a CNB Nonqualified Stock Option.

  • The average time spent in a BOP prison is approximately forty months.192 According to DHS, this fundamental difference evidences the need for different health care goals between ICE and BOP.

Related to CNB 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 2.2 of this Agreement.

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

  • 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).

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

  • Stock Index Option means an exchange traded option entitling the holder, upon timely exercise, to receive an amount of cash determined by reference to the difference between the exercise price and the value of the index on the date of exercise.

  • 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.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

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

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

  • Optioned Stock means the Common Stock subject to an Option.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

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

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

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

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

  • First Option has that meaning set out in Section 3.1 (a);

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

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

  • 102 Option means any Option granted to Employees pursuant to Section 102 of the Ordinance.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".