New Option definition

New Option has the meaning set forth in Section 3.3.

New Option means an option granted by way of exchange under Rule 9.1;

New Option means an option to purchase a Common Share granted under the New Option Plan.

Examples of New Option in a sentence

• Each New Option entitles the holder to acquire one fully paid ordinary share in the Company.

• If there is a bonus issue to shareholders, the number of Shares over which the New Option is exercisable may be increased by the number of Shares which the holder of the New Option would have received if the New Option had been exercised before the record date for the bonus issue.

• The issue price is one (1) cent for each New Option payable in full in Australian currency on the acceptance of the Offer as follows: o Cheque drawn on and payable at any Australian bank; o Money Order; o Bank draft drawn on and payable at any Australian bank; or o Bpay.

• The New Options may be transferred at any time until the Expiry Date subject to any restrictions on the transfer of a New Option that may be imposed by ASX in circumstances where the Company is listed on ASX.

• If you wish to take up part of your Entitlement, complete the enclosed Acceptance Form in respect of the New Options you wish to take up in accordance with the instructions set out in the form and lodge the form together with your cheque for the relevant amount (being the number of New Options you wish to take up multiplied by 1 cent per New Option) so that it reaches the Company’s share registry by no later than 5.00pm WST on 24 September 2010.

More Definitions of New Option

New Option means an Option granted on or after July 1, 2000.

New Option means an option granted over New Shares under Rule 9,

New Option means a New Option to subscribe for a Share at the Exercise Price prior to the Expiry Date in the manner set out in these Terms and Conditions.

New Option will mean the option granted on the Amendment Date in replacement of a tendered Eligible Option with a current exercise price per share at or above the closing selling price per share of our common stock on the Amendment Date. The New Option will be exactly the same as the canceled option, including the same exercise price per share and no loss of vesting or change to the expiration date of the option term, but will have a new grant date. The New Option will be evidenced by a new option agreement that replaces the option agreement in effect for the canceled option.

New Option will mean the option granted on the Amendment Date in replacement of a tendered Eligible Option with a current exercise price per share at or above the closing selling price per share of our common stock on the Amendment Date. The New Option will be exactly the same as the canceled option, including the same exercise price per share and no loss of vesting or change to the expiration date of the option term, but will have a new grant date. The New Option will be evidenced by a new option agreement that replaces the option documentation in effect for the canceled option. Upon the terms and subject to the conditions of this Offer, we will amend or replace all Eligible Options tendered by Eligible Optionees in accordance with Section 4 below that are not otherwise validly withdrawn in accordance with Section 5 below before the Expiration Date. For each Amended Option, the exercise price per share will be increased to the applicable Adjusted Exercise Price (as defined below), and that Eligible Option will thereby avoid taxation under Section 409A. If the tendered Eligible Option is canceled and replaced with a New Option, the New Option will not be not subject to taxation under Section 409A.

New Option shall have the meaning ascribed to it in Section 3.8.

New Option means an option to acquire shares in an Acquiring Company (or another body corporate determined by the Acquiring Company), granted in consideration for the release of a subsisting Option, which: