Option Payment definition

Option Payment shall have the meaning set forth in Section 3.4.

Option Payment has the meaning set forth in Section 1.7(e).

Option Payment has the meaning set forth in Section 8.1(b).

Examples of Option Payment in a sentence

• Online Payment modes: The e-tender processing fee and EMD can be paid in the following manner through e-Payment facility provided by the e-Procurement system.State Bank of India Multi Option Payment System (SBI MOPS Gateway): Bidders are required to avail Internet Banking Facility in any of below banks for making tender remittances in e Procurement System.

• At retirement, members can elect the Basic Benefit, the Survivor Option, a Partial Lump-Sum Option Payment (PLOP) or the Advance Pension Option.

• If Owner and CAISO do not agree on the Repair Payment Factor, the Repair Payment Factor shall equal the Fixed Option Payment Factor, unless the Owner demonstrates in ADR that it would not have made the proposed Repair in accordance with Good Industry Practice but for its obligations under this Agreement, in which case the Repair Payment Factor shall be as determined in ADR.

• The Optionee, holder or beneficiary of the Option shall not have any of the rights of a shareholder with respect to the Option Stock until such person has become a holder of such Shares by the due exercise of the Option and payment of the Option Payment (as defined in Section 3 below) in accordance with this Agreement.

• Subject to applicable securities laws, the Optionee may also exercise the Option by delivering a notice of exercise of the Option and by simultaneously selling the Shares of Option Stock thereby acquired pursuant to a brokerage or similar agreement approved in advance by proper officers of the Company, using the proceeds of such sale as payment of the Option Payment, together with any applicable withholding taxes.

More Definitions of Option Payment

Option Payment has the meaning given to such term in Section 2.2(b);

Option Payment has the meaning set forth in Section 3.3(a)(i).

Option Payment as defined in Section 1.2

Option Payment has the meaning set forth in Section 5. (hh)

Option Payment shall have the meaning as set forth in Section 2.4(a) of the Agreement.

Option Payment means the amount paid by the Eligible Director in the exercise of his or her Option.

Option Payment means that portion of the Annual Retainer to be paid to Non-Employee Directors in Options rather than cash for services rendered as a director of the Company, as provided in Section 5 hereof.