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.

Option Holder shall have the meaning set forth in the definition of Acquiring Person.

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;

Examples of Option Holder in a sentence

• A copy of any amendment to the Plan shall be promptly provided by the Administrator to each Option Holder.

• No fractional shares shall be issued upon the exercise of any Option and, if as a result of any adjustment, an Option Holder would become entitled to a fractional share, such Option Holder shall have the right to purchase only the next lowest whole number of Shares and no payment or other adjustment will be made for the fractional interest.

• Any notice, delivery or other correspondence of any kind whatsoever to be provided by the Company to an Option Holder will be deemed to have been provided if provided to the last home address, fax number or email address of the Option Holder in the records of the Company and the Company shall be under no obligation to confirm receipt or delivery.

• Where an Option Holder (or associate, as the case may be) ceases to be an employee or contractor of the Company for any reason (including voluntary or involuntary resignation), the Option Holder will be entitled to exercise the Options granted as a result of the Offer in accordance with the terms of the Offer, for a period up to 180 days after the Ceasing Date, after which the Option Holder’s Options will lapse immediately and all rights in respect of those Options will thereupon be lost.

• As soon as reasonably practicable following the receipt of the notice of exercise as described in section 7.1 and payment in full for the Optioned Shares being acquired, the Administrator will direct its transfer agent to issue to the Option Holder the appropriate number of Shares in either certificate form or at the election of the Option Holder, on an uncertificated basis pursuant to the instructions given by the Option Holder to the Administrator.

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.

Option Holder means a Participant who has been granted one or more Options under the Plan.

Option Holder. As defined in Section 3.18(c).

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.

Option Holder means a person who holds an unexercised and unexpired Option or, where applicable, the Personal Representative of such person;

Option Holder. As defined in Section 3.18(a).

Option Holder means a Director or Employee, or former Director or Employee, who holds an unexercised and unexpired Option or, where applicable, the Personal Representative of such person.