Kupol Option means the option of Kupol Cyprus to acquire up to seventy five percent (75%) of the outstanding shares of capital stock (less one common share) of the Kupol Project Company granted pursuant to the Framework Agreement. *
3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.
Director Option means an Option granted pursuant to Section 6.
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.
Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.
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 Option means any Option, which has already been vested according to the Vesting Dates.
Top-Up Option has the meaning set forth in Section 1.04(a).
102 Option means any Option granted to Employees pursuant to Section 102 of the Ordinance.
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.
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.
Nonqualified Option means any Option that is not an Incentive Stock Option.
Reload Option means any Option granted under Section 6(a)(iv) of the Plan.
First Option has that meaning set out in Section 3.1 (a);
Covered Call Option means an exchange traded option 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 (excluding Futures Contracts) which are owned by the writer thereof and subject to appropriate restrictions.
Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.
Share Option means a Nonqualified Share Option or an Incentive Share Option.
Related Option means an Option with respect to which a Stock Appreciation Right has been granted.
Employee Option means an Option granted pursuant to Section 5.
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.
Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.
Option Grant Date means, as to any Stock Option, the latest of:
Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.
Option means a stock option granted pursuant to the Plan.
Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.
Call Option Date As defined in Section 10.01(a) hereof.
Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.