Option Right definition

Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

Examples of Option Right in a sentence

  • In addition to the Equity Shares issued for the Option Right, the Company is obligated to issue up to 3,500,000 Equity Shares as a contingent payment, which are subject to certain conditions and events following closing.

  • The Company allocated the fair value of the Option Right to the assets acquired upon its exercise in September 2021.

  • As additional consideration for the Option Right, the Company issued 6,500,000 Equity Shares upon the closing of the Camarillo Transaction.


More Definitions of Option Right

Option Right has the meaning specified in the definition ofChange of Control”.
Option Right means the right to purchase a share of Common Stock upon exercise of an option granted pursuant to Paragraph 4.
Option Right means the right to purchase a share of Common Stock upon exercise of an outstanding Incentive Stock Option or Nonqualified Stock Option.
Option Right means the right to purchase Common Shares from the Corporation upon the exercise of a Nonqualified Option or a Tax-Qualified Option granted pursuant to Section 4, or a Replacement Option Right granted pursuant to Section 17(c), of this Plan.