Option Holder definition

Option Holder means a Person or Entity who holds an unexercised and unexpired Option or, where applicable, the Personal Representative of such person.
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Option Holder means a current or former Director, Employee or Consultant who holds an unexercised and unexpired Option or, where applicable, the Personal Representative of such person;
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Option Holder shall have the meaning set forth in the definition of Acquiring Person.
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Examples of Option Holder in a sentence

  • The Option Holder shall not, by virtue hereof, be entitled to any rights of a shareholder in the Company, either at law or in equity.

  • If any Option Holder desires to waive its right to exercise the Option, then it shall so notify the Trustee in writing, and the Trustee shall promptly notify the next party eligible to hold the Option set forth above of its rights hereunder.

  • Thereafter, the Option Holder shall cease to have any rights in respect thereof.

  • If the Option Holder neither (i) exercises the Option nor (ii) surrenders its right to exercise the Option within 3 Business Days of its receipt of that notice, then the Option Holder's right to exercise the Option shall lapse, and the Trustee shall promptly notify the next party eligible to hold the Option (and the other parties eligible to hold the Option) of its rights thereunder.

  • During the lifetime of the Option Holder, the Option shall be exercisable only by the Option Holder or by his or her guardian or legal representative.


More Definitions of Option Holder

Option Holder means the Optionee or, if as of the relevant time the Stock Option has passed to a Beneficiary, the Beneficiary.
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Option Holder. As defined in Section 3.18(c).
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Option Holder means a Participant who has been granted one or more Options under the Plan.
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Option Holder means a holder of Options.
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Option Holder means a person to whom an Option is granted pursuant to the Plan or, if applicable, such other person who holds an outstanding Option.
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Option Holder means an Eligible Participant designated by the Stock Option Committee from time to time during the term of the Plan to receive one or more Options under the Plan.
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Option Holder means a Director, Employee or Consultant or former Director, Employee or Consultant, to whom an Option has been granted and who continues to hold an unexercised and unexpired Option or, where applicable, the Personal Representative of such person.
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