CP Option definition

CP Option has the meaning set forth in Section 3.7(a).

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CP Option means a compensatory option to purchase CP common shares.

Examples of CP Option in a sentence

• The CP Option granted to the Company and the Members pursuant to this Section 3.7 shall take precedence over, and be in lieu of, the rights granted to the Company and/or the Members, as appropriate, pursuant to Sections 3.4, 3.5 and 3.8.

• The CP Option granted to the Company and the Members pursuant to this Section 3.7 shall take precedence over, and be in lieu of, the rights granted to the Company and/or the Members, as appropriate, pursuant to Section 3.8.