GM Option means the “Option” as defined in that certain First Amendment to Purchase Agreement, made as of July 31, 2020, by and between Seller and Ultium Cells LLC.
3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.
Top-Up Option has the meaning set forth in Section 1.04(a).
Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.
Vested Option means any Option, which has already been vested according to the Vesting Dates.
Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.
Share Option means a Nonqualified Share Option or an Incentive Share Option.
102 Option means any Option granted to Employees pursuant to Section 102 of the Ordinance.
Stock Index Option means an exchange traded option entitling the holder, upon timely exercise, to receive an amount of cash determined by reference to the difference between the exercise price and the value of the index on the date of exercise.
Reload Option means any Option granted under Section 6(a)(iv) of the Plan.
Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.
Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.
Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.
Employee Option means an Option granted pursuant to Section 5.
Director Option means an Option granted pursuant to Section 6.
First Option has that meaning set out in Section 3.1 (a);
Approved 102 Option means an Option granted pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of the Optionee.
Option means a stock option granted pursuant to the Plan.
Related Option means an Option with respect to which a Stock Appreciation Right has been granted.
Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).
Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.
Option Exercise Period has the meaning set forth in Section 5.3(c).
Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.
Nonqualified Option means any Option that is not an Incentive Stock Option.
Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.
Optioned Stock means the Common Stock subject to an Option.
Parent Option means an option to purchase shares of Parent Common Stock.