Optionee definition

Optionee means the holder of an outstanding Option or Stock Purchase Right granted under the Plan.

Optionee means an Employee or Consultant who receives an Option.

Optionee means the holder of an outstanding Option granted under the Plan.

Examples of Optionee in a sentence

• If the Company cancels any such options pursuant to this Section 6.6, then no compensation will be owed by the Company to the applicable Optionee.

• Every option granted under this Plan shall be evidenced by a written agreement between the Company and the Optionee substantially in the form attached hereto as Schedule “A”, containing such terms and conditions as are required by Exchange Policies and applicable Securities Laws, and, where not expressly set out in the agreement, the provisions of such agreement shall conform to and be governed by this Plan.

• If an Optionee dies prior to the expiry of an option, his heirs or administrators may within 12 months from the date of the Optionee’s death exercise that portion of an option granted to the Optionee under this Plan which remains vested and outstanding.

• Shares purchased by an Optionee upon the exercise of an option shall be paid for in full in cash at the time of their purchase.

• If a Change of Control occurs, all outstanding options shall become vested, whereupon such options may be exercised in whole or in part by the applicable Optionee.

More Definitions of Optionee

Optionee means a person to whom an Option has been granted under the Plan.

Optionee means a person who has been granted one or more Options.

Optionee means an individual or estate who holds an Option or SAR.

Optionee means an individual who holds an Option.

Optionee means a person who holds an Option.

Optionee means an Employee, Director or Consultant who holds an outstanding Option.

Optionee means a person to whom an Option is granted under this Plan or any person who succeeds to the rights of such person under this Plan.