Management Option definition

Management Option. A fire management classification assigned by jurisdictional agency that determines the initial response to a wildfire. Responses range from full fire suppression to managing fires for resource benefits. Native Allotments: Prior to the passage of the Alaska Native Claims Settlement Act, any Indian, Aleut, or Eskimo of full or mixed blood who resides in and is a Native of Alaska, who is head of a family or twenty-one years of age can be allotted land not to exceed 160 acres of non-mineral land. The selected land can consist of up to four parcels of land. The allotted land shall be deemed the homestead of the allottee and their heirs in perpetuity, and shall be inalienable and nontaxable until otherwise provided by Congress. Allotment applications on record, if not appealed or in conflict with other land selections, were administratively approved by ANILCA. The BIA has a trust responsibility for the Native allottee so long as the allotment remains in restricted status.

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Management Option means option right granted to the Company’s Management to subscribe for and purchase up to 1,572 (one thousand five hundred and seventy-two) newly issued Shares on the terms and conditions provided in the Former Shareholders’ Agreement.

Management Option means each option issued on the Closing Date by SAVI to each Person identified under the caption "Management Optionees" of Item 3.3 ("Stockholders") of the Disclosure Schedule for the number of SAVI Common Shares set forth opposite such Person's name in such Item 3.3. At any time after the Closing Date, "Management Option" also means any other option awarded from time to time by the Board of Directors of the Company to any other officer, director or employee of the Company or any Subsidiary for a number of SAVI Common Shares not to exceed, together with all other Management Options awarded after the Closing Date, the number of SAVI Common Shares set forth opposite the word "Reserved" in Item 3.3 ("Stockholders") of the Disclosure Schedule.

Examples of Management Option in a sentence

• Capitalized terms used, but not otherwise defined, in this Agreement will have the meanings given to such terms in the Company’s 2006 Management Option Plan (the “Plan”).

• Executive's obligations under the Option Note will be secured by a pledge of all of the Management Option Shares, and in connection therewith Executive will enter into a pledge agreement in the form of Exhibit H attached hereto.

• All Management Option Shares which have become Vested Management Option Shares prior to the Termination Date will remain Vested Management Option Shares after the Termination Date.

• Capitalized terms used, but not otherwise defined, in this Agreement will have the meanings given to such terms in the Company’s Second Amended and Restated 2006 Management Option Plan (the “Plan”).

• The Tranche 1 Exercise Price, the Tranche 2 Exercise Price, the Tranche 3 Exercise Price, the Tranche 4 Exercise Price, and the Tranche 5 Exercise Price are collectively referred to herein as "Management Option Prices" and individually as a "Management Option Price".

• This NPC Acquisition Holdings, LLC Management Option Plan, as amended from time to time.

• In addition, if at any time prior to the Termination Date the Company offers to register any of such other executive officer's outstanding shares of Common Stock that were issued to him upon exercise of a Management Option, then the Company shall offer in writing to Employee at the same time a corresponding right to cause the Company to register any of the Employee's then outstanding shares of Common Stock that were issued to him upon exercise of the Option granted under this Agreement.

• With respect to each Tranche, the Management Option Price and the number of Management Option Shares will be equitably adjusted for any stock split, stock dividend, reclassification or recapitalization of the Company which occurs subsequent to the date of this Agreement.

• The Company has agreed to loan Pledgor a portion of the Exercise Price for the Pledged Shares in exchange for a promissory note (the "Management Option Share Note") issued by the Executive to the Company.

• The Management Option Shares will become vested (regardless of whether the corresponding Management Options have been exercised) on the fifth anniversary of the date hereof if Executive is, and has been, continuously employed by the Company or its Subsidiaries from the date of this Agreement through such date; provided that all of the outstanding Management Option Shares will become vested upon the occurrence of a Sale of the Company.

More Definitions of Management Option

Management Option means an option in favour of the Management Group to acquire, in aggregate, up to 10% of the share capital of Landqart;

Management Option. A fire management classification assigned by jurisdictional agency that Native Allotments: Prior to the passage of the Alaska Native Claims Settlement Act, any Indian, Aleut, or Eskimo of full or mixed blood who resides in and is a Native of Alaska, who is head of a family or twenty-one years of age can be allotted land not to exceed 160 acres of non-mineral land. The selected land can consist of up to four parcels of land. The allotted land shall be deemed the homestead of the allottee and their heirs in perpetuity, and shall be inalienable and nontaxable until otherwise provided by Congress. Allotment applications on record, if not appealed or in conflict with other land selections, were administratively approved by ANILCA. The BIA has a trust responsibility for the Native allottee and so long as it remains in restricted status.

Management Option also means any other option awarded from time to time by the Board of Directors of the Company to any other officer, director or employee of the Company or any Subsidiary for a number of SAVI Common Shares not to exceed, together with all other Management Options awarded after the Closing Date, the number of SAVI Common Shares set forth opposite the word "Reserved" in Item 3.3 ("Stockholders") of the Disclosure Schedule.

Management Option means the ten year option held by FACS Management to acquire up to 25% of the common shares of the Company, after giving effect to the option, at $1.27 per share;

Management Option has the meaning given that term in Section 5.2(b). Other defined terms herein shall have been defined as stated in the Operating Agreement.

Management Option means each option issued or issuable by the Parent to purchase up to 30,937.5 shares of Class A Common Stock of the Parent pursuant to the Parent's new management option plan.