Option Plan Amendment definition

Option Plan Amendment means an amendment to the Company’s Amended and Restated Stock Option Plan and Restricted Stock Plan to waive the requirement that participants in such plan exercise or lose their option awards within ten days of receiving notice from the Company of the effective date of the Merger.
Option Plan Amendment means an amendment to the Company Stock Option Plan which (i) increases the number of shares of Common Stock reserved for issuance under the Company Stock Option Plan in an amount which, when combined with other shares of Common Stock available under the Company Stock Option Plan, will be sufficient to make Additional Equity Awards, and (ii) provides for the issuance of deferred stock and/or restricted stock unit awards thereunder.
Option Plan Amendment means an amendment to the Phoenix Amended and Restated 2004 Incentive Plan to increase the number of shares that may be issued pursuant to such plan by 3,000,000, after giving effect to the Reverse Stock Split (subject to appropriate adjustment in the event of any stock dividend, stock split or other similar event affecting the Phoenix Common Stock).”

Examples of Option Plan Amendment in a sentence

  • Stock Option Plan Amendment Process Shareholder approval is required in respect of any amendment to the SOP that would: 1.

  • Vote Required In order to be effective, the Option Plan Amendment Resolution must be approved by a simple majority of 50% plus one vote of the votes cast by the Shareholders in respect thereof at the Meeting.

  • In the absence of a contrary instruction, the persons named in the enclosed form of proxy intend to vote in favour of the Option Plan Amendment Resolution, unless the Shareholder who has given the proxy has directed that the Shares represented thereby be voted against such resolution.

  • Item 4 on the Proxy Card) On June 23, 1999, the Board of Directors unanimously adopted a resolution to approve the Option Plan Amendment to the 1997 Stock Option Plan (as so amended, the "1997 Plan" unless the context otherwise dictates) to increase the capacity of the 1997 Plan from 150,000 shares to 1,300,000 shares of Class A Common Stock, subject to shareholder approval, in order to be able to provide equity incentives to employees.

  • The Board recommends a vote FOR each of the nominees, FOR the approval of the Preferred Stock Amendment, FOR the approval of the Articles Amendment, and FOR the Option Plan Amendment.

  • Accordingly, Excellon shareholders will be asked to consider and, if deemed appropriate, to pass, with or without variation the “Stock Option Plan Amendment and Unallocated Entitlements Resolution”, subject to such amendments, variations or additions as may be approved at the Meeting, approving the Unallocated Entitlements under the Corporation’s Stock Option Plan for the ensuing three years.

  • Awards granted under the 1997 Plan and in excess of the existing limit prior to the Annual Meeting are subject to shareholder approval of the Option Plan Amendment.

  • Previously allocated options will continue to be unaffected by the approval or disapproval of the Stock Option Plan Amendment and Unallocated Entitlements Resolution.

  • To the Company’s knowledge, all shares of Common Stock, Series B Preferred Stock and Series E Preferred Stock outstanding on the record date for a meeting at which a vote is taken with respect to the Company Voting Proposals shall be eligible to vote on the Charter Amendment and the Option Plan Amendment and all shares outstanding other than those issued to the Investor at the Initial Closing shall be eligible to vote on the Share Issuance.

  • After giving effect to the Stock Option Plan Amendment, the Corporation would have an aggregate of 2,750,000 common shares available for issuance (of which 1,347,500 would be reserved for options to be granted in the future and of which 1,402,500 are reserved for options previously granted), representing approximately 7% of the issued and outstanding common shares as of the date of this Circular.


More Definitions of Option Plan Amendment

Option Plan Amendment on Exhibit A to the Merger Agreement. Pursuant to Section 10.2 of the Merger Agreement, the definition of “Option Plan Amendment” on Exhibit A to the Merger Agreement shall be amended and restated in its entirety to read as follows:
Option Plan Amendment means an amendment to the Company’s 2006 Equity Incentive Plan to increase the number of shares of Common Stock reserved for awards thereunder to 5% of the total number of authorized shares of Common Stock; and (c) the “Bonus Plan Proposal” means the payment of bonuses approved at any time by the Compensation Committee of the Company’s Board of Directors pursuant to the Company’s 2008 Performance Based Compensation Plan.
Option Plan Amendment has the meaning set forth in Section 6.1(s).
Option Plan Amendment means an amendment effective as of the Effective Time by the Surviving Corporation of the Employee Stock Option Plans and the agreement of the holder of such Retained Options that provides among other matters that (a) each Retained Option shall be fully and immediately exercisable in accordance with the terms and conditions of the applicable Employee Stock Option Plan and the agreement of the holder of such Retained Option with respect thereto, (b) the termination date of each Retained Option will be extended until the tenth (10th) anniversary of the Closing Date, and (c) each Retained Option upon exercise thereof will entitle the holder thereof to acquire shares of Class A Voting Stock.

Related to Option Plan Amendment

  • RSU Award Agreement means a written agreement between the Company and a holder of a RSU Award evidencing the terms and conditions of a RSU Award grant. The RSU Award Agreement includes the Grant Notice for the RSU Award and the agreement containing the written summary of the general terms and conditions applicable to the RSU Award and which is provided to a Participant along with the Grant Notice. Each RSU Award Agreement will be subject to the terms and conditions of the Plan.

  • Stock Option Plan means any stock option plan now or hereafter adopted by the Company or by the Corporation, including the Corporate Incentive Award Plan.

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

  • Option Plans has the meaning assigned thereto in Section 2.7.

  • Company Stock Option Plan means each stock option plan, stock award plan, stock appreciation right plan, phantom stock plan, stock option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any stock, option, warrant or other right to purchase or acquire capital stock of the Company or right to payment based on the value of Company capital stock has been granted or otherwise issued.

  • Rights Plan means a plan of the Company providing for the issuance by the Company to all holders of its Common Stock of rights entitling the holders thereof to subscribe for or purchase shares of any class or series of capital stock of the Company which rights (i) are deemed to be transferred with such shares of such Common Stock and (ii) are also issued in respect of future issuances of such Common Stock, in each case until the occurrence of a specified event or events.

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.

  • Plan means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Equity Plan means any stock or equity purchase plan, restricted stock or equity plan or other similar equity compensation plan now or hereafter adopted by the Company or the Corporation.

  • Award Agreement means the written or electronic agreement setting forth the terms and provisions applicable to each Award granted under the Plan. The Award Agreement is subject to the terms and conditions of the Plan.

  • Company Stock Option Plans has the meaning ascribed to it in Section 2.6(c).

  • Approved Stock Plan means any employee benefit plan which has been approved by the Board of Directors of the Company, pursuant to which the Company’s securities may be issued to any employee, officer or director for services provided to the Company.

  • Stock Award Agreement means a written agreement between the Company and a holder of a Stock Award evidencing the terms and conditions of an individual Stock Award grant. Each Stock Award Agreement shall be subject to the terms and conditions of the Plan.

  • Company Incentive Plan shall have the meaning assigned to it in Section 1.7 hereof.

  • Notice of Stock Option Grant means the document so entitled to which this Agreement is attached.

  • EHC plan means an Education, Health and Care plan made under sections 37(2) of the Children and Families Act 2014.

  • BCDR Plan means the plan consisting of general business continuity and disaster recovery principles, the Business Continuity Plan and Disaster Recovery Plan as further described in paragraph 1.2 of Schedule 2- 14.

  • Stock Incentive Plan has the meaning set forth in Section 3(b) of the Agreement.

  • Steps Plan means a plan evidenced by Eligible Information contemplating that there will be a series of successions to some or all of the Relevant Obligations of the Reference Entity, by one or more entities.

  • Award Certificate means a written or electronic document setting forth the terms and provisions applicable to an Award granted under the Plan. Each Award Certificate is subject to the terms and conditions of the Plan.

  • the Plan means the plan annexed hereto

  • Company Option Plan means, collectively, each stock option plan, program or arrangement of the Company.

  • Option Plan has the meaning ascribed to it in section "4.7" hereinbelow;

  • Supplemental Plan means a written plan for a child outlining the agency's plan to locate a permanent placement for the child and which may be developed concurrently with the case plan.

  • Incentive Plans means any incentive, bonus, deferred compensation or similar plan or arrangement currently or hereafter made available by Employer in which Executive is eligible to participate.