Non-Compensatory Option definition

Non-Compensatory Option has the meaning set forth in Treasury Regulations Section 1.721-2(f).
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Non-Compensatory Option means a non compensatory option as defined in Treasury Regulations Section 1.721-2(f) (other than an option for a de minimis interest), including convertible debt or convertible equity.
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Non-Compensatory Option means a non-compensatory option as defined in Section 1.721-1(f) of the Treasury Regulations.
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Examples of Non-Compensatory Option in a sentence

  • Every Non-Compensatory Option shall have been exercised in full or lapsed prior to the Effective Time; no such options or warrants shall be outstanding as of the Effective Time.

  • Non-Compensatory Option Agreement, dated as of August 31, 2022, by and between the Company and E▇▇▇▇▇ ▇▇▇▇▇▇▇.

  • Non-Compensatory Option Purchase Agreement, dated as of May 3, 2023, by and among the Company, G▇▇▇ ▇▇▇▇▇, E▇▇▇▇▇ ▇▇▇▇▇▇▇, P▇▇▇ ▇▇▇▇▇▇▇ and B▇▇▇ Energy LP.

  • Non-Compensatory Option Agreement, dated as of August 31, 2022, by and between the Company and G▇▇▇ ▇▇▇▇▇.

  • Any Member who has received its interest pursuant to the exercise of a Non-Compensatory Option (including a Warrant as defined the Warrants and Option Agreement) shall be allocated gain or loss, or reallocated capital from other Member’s Capital Accounts, as necessary to comply with Section 1.704-1(b)(2)(iv)(s) of the Treasury Regulations.

  • At or after the First Effective Time, upon surrender of such document or agreement evidencing a Non-Compensatory Option or its loss by the holder of such Non-Compensatory Option together with an Optionholder Release Agreement, the holder of such Non-Compensatory Option shall be entitled to receive in exchange therefor, without interest, the Option Consideration (or, in the event that such surrender occurs prior to the Closing Date, then at the Closing).