IPO Option definition

IPO Option means Non-Employee Director Options granted upon the consummation of the IPO.
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IPO Option has the meaning set out in clause 19.1(L) (IPO Notice);
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Examples of IPO Option in a sentence

  • Upon the consummation of the IPO each Non-Employee Director shall be automatically granted an IPO Option to purchase 5,000 shares of Stock.

  • If your Separation from Service is for any reason other than an involuntary discharge by the Company that is without Cause, the unvested portion of the IPO Option will immediately terminate.

  • The IPO Option will be subject to the terms and conditions applicable to Options granted under the Plan, as described in the Plan and the applicable Award Agreement (as defined in the Plan).

  • If your Separation from Service is the result of an involuntary discharge by the Company that is without Cause, and is not the result of your death or Disability, and is within 12 months following a Change in Control (as defined in the Plan), then all shares subject to the IPO Option will vest immediately upon such Separation from Service.

  • The exercise price per share of the IPO Option will be equal to the price at which shares of Common Stock are sold to the public in such Initial Public Offering.

  • The IPO Option will vest in three equal annual installments on the first, second and third annual anniversaries of the Grant Date, as described in the applicable Award Agreement.

  • If your Separation from Service is for Cause, the unvested and vested portion of the IPO Option will immediately terminate.

  • If your Separation from Service (as defined in the Plan) is the result of an involuntary discharge by the Company that is without Cause (as defined in the Plan) and is not the result of your death or Disability (as defined in the Plan), then any shares subject to the IPO Option that are scheduled to vest within 12 months of such Separation from Service will vest immediately upon such Separation from Service, and any remaining unvested portion of the IPO Option will terminate immediately.

  • The IPO Option will have a term that expires eight years from the grant date.

  • The IPO Option will have a per share exercise price equal to 100% of the fair market value of a share of the Company’s common stock on the date of grant, as determined by the Board or the Compensation Committee in its sole discretion.

Related to IPO Option

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

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

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

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • 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.

  • Employee Option means an Option granted pursuant to Section 5.

  • 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.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of immediately prior to the Effective Time or will vest solely as a result of the consummation of the Merger.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Reload Option means any Option granted under Section 6(a)(iv) of the 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.

  • Company Stock Option means any option to purchase Company Common Stock granted under any Company Stock Plan.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • Parent Option means an option to purchase shares of Parent Common Stock.

  • Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • Date of Option Grant means the effective date of grant of the Option as set forth in the Notice.

  • Company Option means an option to purchase shares of Company Common Stock granted under the Company Incentive Plan.

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

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • RSU Award or “RSU” means an Award of restricted stock units representing the right to receive an issuance of shares of Common Stock which is granted pursuant to the terms and conditions of Section 5(a).