Excess Options definition

Excess Options means the number by which All Options exceeds 2,000,000;
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Excess Options means New Options granted in exchange for Old Rights that have been designated as Excess Options pursuant to an Exchange Agreement.
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Examples of Excess Options in a sentence

  • EMCC and ▇▇▇▇▇▇ acknowledge that a total of 16,123 options in excess of the limits contained in the Plan have been issued to ▇▇▇▇▇▇ (the “Excess Options”), of which 10,553 Excess Options have been exercised (the “Exercised Excess Options”), resulting in the issuance of 10,553 shares of Common Stock (the “Excess Option Shares”) and leaving ▇▇▇▇▇▇ with a total of 5,570 Excess Options that have not been exercised (the “Unexercised Excess Options”).

  • The 200,000 options to the extent granted to Executive in excess of the number available under the Plan ("Excess Options") shall be subject to the shareholders of the Company approving the amendment previously adopted by the Board increasing the number of shares available for issuance under the Plan by 600,000 ("Plan Amendment").

  • EMCC hereby agrees to reimburse ▇▇▇▇▇▇ for the amount of federal and state alternative minimum tax paid by him in connection with the Exercised Excess Options as reported on his returns for the applicable years (2003, 2004 and 2005).

  • To the extent outstanding options become available under the Plan between the date hereof and shareholder approval of the Plan Amendment, because they are unexercised or surrendered, such options shall be used to decrease the Excess Options.

  • A waiver by a Party concerning the other Party’s breach of the Agreement shall not be construed as a waiver of subsequent breaches against the same or another term of the Agreement.

  • Recognizing that Holding has already granted the Excess Options to the Executive in conjunction with the May 6, 2003 Agreement, it is the intent and agreement of the parties that this Amendment will be effected by a cancellation of the 151,738 Excess Options, effective on the date of this Amendment.

  • EMCC and ▇▇▇▇▇▇ acknowledge that a total of 6,218 options in excess of the limits contained in the Plan have been issued to ▇▇▇▇▇▇ (the “Excess Options”) and that none of such Excess Options have been exercised.

  • The Renter can reduce the applicable excess amounts by making use of the Reduced Excess Options as offered by SCR.

  • EMCC and ▇▇▇▇▇▇ acknowledge, based upon a review of ▇▇▇▇▇▇’▇ federal and state income tax returns for the years in question, that ▇▇▇▇▇▇ paid alternative minimum tax in connection with the exercise of the Exercised Excess Options.

  • EMCC acknowledges that the Excess Options were granted to ▇▇▇▇▇▇ as part of the compensation arrangement approved for ▇▇▇▇▇▇ by the Senior Executive Compensation and Stock Option Committee of the Board of Directors of EMCC (and, in addition, by the Compensation Committee of the Board of Directors of Group with respect to the Excess Options granted in 2005) and, accordingly, that the Excess Options were intended to provide ▇▇▇▇▇▇ with incentive compensation for his services as an executive officer of EMCC.

Related to Excess Options

  • Options means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.

  • Parent Options means options or other rights to purchase shares of Parent Common Stock issued by Parent.

  • Rollover Options has the meaning provided in Subsection 3.1(h).

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

  • Vested Options means the Options that have vested in accordance with Section 1.3 of this Agreement.