Full Option definition

Full Option means a right to purchase 3,000 shares of Common Stock (subject to adjustment as provided in Section 4.3 of the Plan) that is granted to an Eligible Director pursuant to Section 5 of the Plan, which option will not qualify as an "incentive stock option" within the meaning of Section 422 of the Code.
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Examples of Full Option in a sentence

  • Science A-Z units can be correlated to the Full Option Science System (▇▇▇▇) Module from the ▇▇▇▇▇▇▇▇ ▇▇▇▇ of Science at the University of California at Berkeley and Delta Education.

  • The Full Option Science System provides meaningful ways for students to connect with science inquiry and understand the scientific method in physical, earth, and life science.

  • The parties will, if MAX pays the Full Option Price, create in the joint venture agreement a management committee to manage their joint venture of further exploration and development of the Property.

  • Unless otherwise agreed by the parties hereto, the Optionor will act as the operator of the Property if MAX pays the First Exercise Price but not the Full Option Price.

  • Once the Full Option Price has been paid MAX will have earned an additional twenty-five percent (25%), for a total fifty percent (50%), undivided beneficial right, title and interest in the Property (subject to the NSR Royalty referred to in section 2.5).

  • All unexercisable Options granted hereunder shall terminate upon the Optionee’s termination of employment for any reason other than a Full Option Vesting and Extended Exercise Event.

  • Parent’s Signature: Payment Agreement (please check one) Date: 🗆 Pay in Full Option: I have chosen to pay my child’s registration fees in full.

  • Upon a discharge from employment without Cause (as defined in Section 14 of the Employment Agreement) or the Executive resigns his employment for Good Reason options shall continue to vest as if the Executive were still employed (for the remainder of the initial term), and upon vesting, such options shall remain exercisable until the expiration of the Full Option Term.

  • Parent’s Signature: Payment Agreement (please check one) Date:  Pay in Full Option: I have chosen to pay my child’s registration fees in full.

  • Notwithstanding any provision of the Protection Plan to the contrary, for purposes of Section 4(g) of the Protection Plan, in no event shall any amounts received by Executive as a result of (i) Full Option Vesting and Extended Exercise Rights, (ii) the exercise of any stock options, or (iii) payment by the Company of the Gross-Up Payment (as described in Section 8 below), constitute “cash severance” under such section of the Plan.

Related to Full Option

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

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

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

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