Option definition
Examples of Option in a sentence
For the avoidance of doubt, if the Automatic Exercise Threshold would not be satisfied, this Option shall not be automatically exercised pursuant to this Section 8(d).
You may not transfer this Option other than by will or applicable laws of descent and distribution or, if approved by the Committee, pursuant to a qualified domestic relations order entered into by a court of competent jurisdiction.
All Option exercises must be accompanied by payment in full of the aggregate Option Price for the Shares to be purchased.
TTC may defer the exercise of this Option for a period of up to ninety (90) days in order for the Committee to make any determination as to the existence of an Adverse Action.
The Holder hereby grants to the Company the option (the “Call Option”), but not the obligation, to purchase this Warrant (the “Call Securities”) pursuant to this Section 3.5.3. The Call Option may be exercised by the Company, in the Company’s sole and absolute discretion, following the Company’s Common Stock closing at or above $18.00 per share for twenty (20) consecutive Trading Days (the “Call Trigger”).