Eligible Option means an outstanding Option, held by an Eligible Optionee, which has a remaining term of at least one year.
Eligible Option means any option granted under the Plan where, as of the date specified by the terms of the Exchange Offer (which date shall be not more than ten business days prior to any exchange offer), the per share exercise price of such option is greater than the higher of (i) the then-current 52-week high trading price of the Shares and (ii) 150% of the then-current price of the Shares.
Eligible Option means any Option to the extent such Option is exercisable at any time with respect to any shares of Pentech Common Stock subject thereto at an exercise price less than $1.40 (whether or not such Option is vested or exercisable at the Effective Time with respect to such shares).
Examples of Eligible Option in a sentence
We have a grant opportunity to take care of, some issues that we’ve been working on in Sedgwick County and if Susan Erlenwein would come up and explain that.
Determination of Validity; Rejection of Eligible Option Grants; Waiver of Defects; No Obligation to Give Notice of Defects.
You must make your own decision whether to exchange your Eligible Option Grants.
The Optionee may notify the Plan record-keeper in writing in advance that the Optionee does not wish for the Auto-Exercise Eligible Option to be exercised.
Neither we nor our Board of Directors makes any recommendation as to whether you should exchange your Eligible Option Grants, nor have we authorized any person to make any such recommendation.
More Definitions of Eligible Option
Eligible Option means each Company Option that has not expired or been exercised prior to the Effective Time and which (a) has an exercise price per share of Company Common Stock less than the Company Share Value and (b) is vested or becomes vested on or prior to the Closing Date in accordance with the terms thereof (after giving effect to any vesting which is triggered by the transactions contemplated herein, including pursuant to Section 3.1 hereof) or by action of the Company.
Eligible Option means an option that was granted under the Plans, that has a current exercise price that is lower than the fair market value per share of the Company’s common stock on the date that has been determined to be the “revised measurement date” for that option for financial accounting purposes, that is outstanding on the date that the Offer expires (i.e., that has not been exercised), that is held by an Eligible Optionee (as defined below), and that was unvested (in whole or in part) as of January 1, 2005 or that has been determined by the Company to be potentially subject to adverse taxation under Section 409A.
Eligible Option has the meaning ascribed to it in Section 1.6(b).
Eligible Option means each Option that is outstanding immediately prior to the Effective Time having an exercise price per share that is less than the Per Share Price, determined prior to giving effect to any adjustment in respect thereof (which, for this purpose, Per Share Price shall be determined as if all Options outstanding immediately prior the Effective Time were Eligible Options), irrespective of whether it is vested or unvested as of the Effective Time.
Eligible Option is defined in Section 1.8(b) of the Agreement.
Eligible Option means an Option with an exercise price per share of less than the Per Share Amount that has not been exercised prior to the Effective Time.
Eligible Option has the meaning assigned in Section 3.03.