Option Credit definition

Option Credit means an amount equal to the aggregate value of Shares arising out of a surrender of a stock option that is credited to a Participant’s Deferred Compensation Account pursuant to the provisions of Section 3.1 hereof or the provisions of a Stock Incentive Plan.
View Source

Examples of Option Credit in a sentence

  • Credit Card Option- Credit Card Company automatically pays the amount of usage and filing fees, including any annual, monthly, or quarterly registration fees, upon presentment of statement of charges electronically by billing service for Colorado Interactive.

  • TENANT shall also not be entitled to any of the Employment Option Credit for employment of less than a full calendar year (except for employment in January thereof).

  • TENANT shall be eligible for the Employment Option Credit only at the end of the applicable calendar year and shall not be entitled to any Base Rent reductions during the applicable calendar year.

  • Tenant may elect eligibility for the Employment Option Credit for subsequent calendar years or may elect not to pursue eligibility, at TENANT'S sole option.

  • The credit received shall be equal to a reduction in the Base rent of $.50 per square foot of the Demised Premises per full-time Liberia employee, in no event, however, shall the total credit exceed $3,000 per calendar year ("Employment Option Credit").

  • Upon satisfactory proof of same to LANDLORD, LANDLORD shall allow TENANT the Employment Option Credit which shall be applied Against the next calendar year's Base Rent, on a monthly pro rata basis, with the applicable Employment Option Credit amount divided into twelve equal reduction amounts and applied against each monthly installment of the subsequent calendar year's Base Rent.

  • The Employment Option Credit shall run through the term of this Lease and any extensions, option, renewals, and modification thereto.

  • Note that no Index-Linked Option Credit will be earned or credited on Withdrawals prior to the end of an Index Term.

  • Upon the written election of the Required Put Option Lenders determined as provided in this Section 8.03, the Borrower shall be required to prepay the Tranche A Loans and Tranche B Loans under the Put Option Credit Agreements on the fifth anniversary of the Effective Date pursuant to Section 2.03(d) of the Common Agreement.

  • Credit Card Option- Credit Card Company automatically pays the amount of usage and filing fees, including any annual, monthly, or quarterly registration fees, upon presentment of statement of charges electronically by billing service for NMI.