Examples of Old Option in a sentence
If you elect to cancel an Old Option, it must be cancelled in its entirety.
If a company has obtained Control of the Company as a result of company reorganisation (within the meaning of paragraph 26 of Schedule 4) affecting the Company, each Option Holder may, by agreement with that company (Acquiring Company) within the Rollover Period, release each Option (Old Option) for a replacement option (New Option).
Any New Option granted under rule 11 shall be treated as having been acquired at the same time as the relevant Old Option for all other purposes of the Plan.
The New Option will be vested in accordance with the vesting schedule of the Old Option.
The New Option shall, for all other purposes of this scheme, be treated as having been acquired at the same time as the Old Option.
Despite the fact that no further options may be granted under the Old Option Scheme, all other provisions shall remain in force to govern all the outstanding options previously granted.
This New Option shall, for all other purposes of the Scheme, be treated as having been acquired at the same time as the Old Option.
All the options granted under the Old Option Scheme shall remain valid and unchanged and shall be treated in accordance with the terms under the Old Option Scheme.
The options granted under the CFSG Old Option Scheme before expiry and remained outstanding shall continue to be valid and exercisable in accordance with the terms of the options.
The New Option will only be regarded as equivalent to the Old Option if the conditions set out in paragraph 39(4) of Schedule 3 are satisfied.