Matching Option definition

Matching Option means an option to purchase Shares granted under the Option Plan.

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Matching Option means, in respect of an Option, if such Option is (i) a Call Option, the Put Option with the same strike price and expiry date as such Call Option or (ii) a Put Option, the Call Option with the same strike price and expiry date as such Put Option.

Matching Option means a nonqualified stock option, as described in Section 7, that is not intended to meet the requirements of Code Section 422.

Examples of Matching Option in a sentence

• The term of this Company Matching Option shall be for a period of ten (10) years from the Grant Date, subject to the earlier termination of the Company Matching Option, as set forth in the ICP and in this Agreement.

• The Company Matching Option is a nonqualified option as defined in the ICP.

• All Company Matching RSUs and the Company Matching Option to the extent not scheduled to vest during the specified severance period shall be forfeited as of the Participant’s employment termination date.

• The Company Matching Option may not be exercised unless and until the Company has received acceptance by the Participant of the terms and conditions set forth herein.

• To the extent vested, the Company Matching Option shall be exercisable on or before the ninetieth (90th) day following the last day of the severance period, as long as no government regulations or rules are violated by such continued vesting or exercise period; provided, however, that the Company Matching Option shall not be exercisable beyond its original term.

• Neither the execution and delivery hereof nor the granting of the Company Matching RSUs or the Company Matching Option evidenced hereby shall constitute or be evidence of any agreement or understanding, expressed or implied, on the part of the Company or its subsidiaries to employ Participant for any specific period.

• On or after five (5) years from the Grant Date, the Company Matching Option shall be vested and may be exercised as to all of the shares of Stock subject to the Company Matching Option.

• In particular, Participant's heirs, executors, administrators, and successors shall be subject to the terms and conditions of the PEP, ICP and this Agreement, and the Company may require any such person to execute an agreement or other documents acknowledging and agreeing to such terms and conditions as a condition precedent to any transfer of rights hereunder or shares of Stock issuable under the PEP, including upon exercise of the Company Matching Option, into the name of any such person.

• The Company Matching Option shall be exercisable only as provided above and shall expire at the close of business on the tenth (10th) anniversary of its Grant Date or such earlier expiration date as described in Section III below.

• Effective March 1, 1993, the Employer will provide the TDA (Tax Deferred Annuity) Employer Matching Option.

More Definitions of Matching Option

Matching Option means a right to acquire shares in the Company granted in accordance with sub-rule 3.1 or sub-rule 4.1 below;