Conditional Option definition

Conditional Option shall have the meaning set forth in Section 6.08.
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Conditional Option means an option granted pursuant to paragraph 5 below to subscribe for Ordinary Shares that is for the time being outstanding.
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Conditional Option means the Conditional Option Agreement of even date herewith to be entered into between Atmel and Highbridge relating to the plot of land being retained by Atmel (located near the parking area to the office building) which is subject to the contract dated 15 November 2006 among (i) Atmel, (ii) Sandalbeech Limited and (iii) Honda Motor Europe Limited;
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Examples of Conditional Option in a sentence

  • For the avoidance of doubt, each Conditional Option may only be exercised in whole and not in part.

  • If the Committee shall have so determined to grant such new options on such a conditional basis ("New Conditional Options"), no such New Conditional Option shall become exercisable in the absence of such employee's consent to the condition and surrender and cancellation as appropriate.

  • For the avoidance of doubt, each Conditional Option may only be exercised or settled in shares of Company Common Stock and no net settlement or cash settlement shall be permitted hereunder.

  • The Company, Parent and Sub agree that Sub shall accept as validly tendered pursuant to the Offer all Ordinary Shares which are to be issued pursuant to the Conditional Option Exercise (as defined below).

  • For the avoidance of doubt, each Conditional Option may only be settled in shares of Company Common Stock and no net settlement or cash settlement shall be permitted hereunder.

  • Furthermore, Acquiror shall accept as validly issued all Shares that are to be issued pursuant to the Conditional Option Exercise.

  • The Company hereby grants the Purchaser a Conditional Option (the “Conditional Option”) to purchase additional Company Common Stock in an amount equal to one third of the New Shares rounded up or down, as the case may be, to the nearest whole share.

  • Notwithstanding anything to the contrary in this Section 6.08, in no event shall the Conditional Option terminate earlier than 120 days from the Closing Date.

  • Acquiror shall accept as validly tendered under the Offer as of the Take-up Date all Shares that are to be issued pursuant to the Conditional Option Exercise.

  • Company has, concurrently with the signing of this Agreement, delivered to Purchaser the executed Conditional Option Exercise and Surrender Agreement.