Options Amount definition

Options Amount means the aggregate exercise price required to be paid by Optionholders in order for all of the Options to be exercised, calculated by reference to the Option Exercise Price applicable for each of the Options.
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Options Amount is defined in Section 7.1(11) of the Agreement;
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Examples of Options Amount in a sentence

  • Employee costs/refunds as follows: Options Amount of Coverage Annual Cost To Employee Annual Cash Refund Core 60% 0 0 Opt I 65% $ 24 0 Opt II 70% $ 48 0 OPT OUT N/A N/A N/A An employee shall not accumulate vacation and sick leave days while on short-term disability.

  • Options Amount of Coverage Annual Cost to Employee Annual Cash Refund Core $100,000 0 0 Opt I $ 40,000 0 $48 Coverage shall be reduced beginning at age 65 according to the following table: 65 - 69 65% 70 - 74 45% 75 - 79 30% 80 and older 20% Optional term life insurance is available in an amount up to $100,000 at the bargaining unit member’s expense through payroll deduction at rates established for the employee’s specific age group.

  • Options Amount of Coverage Annual Cost To Employee Annual Cash Refund Monthly Maximum Benefit Core 60% of base salary 0 0 $10,000 Opt I 65% of base salary $96 $10,000 In accordance with the 1978 Age Discrimination in Employment Act Amendments and Final Interpretive Bulletin by the Department of Labor, the following shall apply: If disability occurs at age 60 or before, benefits will cease at 65.

  • Options Amount of Coverage Annual Cost to Employee Annual Cash Refund CORE $120,000 0 0 OPT I $50,000 0 $48 OPT II $25,000 0 $96 Bargaining unit members who elect either OPT I or OPT II will be subject to evidence of insurability should they elect the CORE benefit at a later date.

  • Employee costs/refunds as follows: Monthly Options Amount of Coverage Annual Cost To Employee Annual Cash Refund Maximum Benefit Core 60% 0 0 $ 2,500 Opt I 65% $ 96 0 $ 2,500 (No other options) An employee shall not accumulate vacation and sick leave days while on long-term disability.

  • Options Amount of Coverage Annual Cost to Employee Annual Cash Refund Core 60% of base salary 0 0 Opt I 65% of base salary $24 0 Opt II 70% of base salary $48 Officers may use accrued sick leave time in one-quarter (¼) day [two (2) hour] increments in instances of short-term disability unless otherwise limited/restricted by the carrier.

  • Options Amount of Coverage Annual Cost to Employee Annual Cash Refund CORE 70% of monthly salary 0 0 In accordance with the 1978 Age Discrimination in Employment Act Amendments and Final Interpretive Bulletin by the Department of Labor, the following shall apply: If disability occurs at age 60 or before, benefits will cease at 65.

  • Options Amount of Coverage Annual Cost to Employee Annual Cash Refund CORE 60% 0 0 Option I 65% $24 0 Option II 70% $48 0 a.

  • The Board has established a cafeteria plan that allows employees to elect cash in lieu of health insurance (Pak A, D, C or E) and certain other pre-tax options, according to the schedule below: Options Amount 0-10 Participants $225/month 11-15 Participants $250/month 16-20 Participants $275/month Hi 21 + Participants $300/month *Participants – Certified employee(s) not electing health insurance coverage, must remain participants through full year unless family status changes.

  • The initial portion of the Option Merger Consideration computed pursuant to subclauses (a) and (b) of this Section 2.1(f) (the "Closing Options Amount") shall be paid pursuant to Section 2.3(i) below via the Company's normal payroll arrangements to facilitate such Tax withholding, it being understood that the Company's payroll processor may require up to five business days to process and make payments to the Optionholders.

Related to Options Amount

  • Grant Amount has the meaning set forth in Article 3(A) of this Agreement. “Performance Period” has the meaning set forth in Article 5(B) of this Agreement. “Project” has the meaning set forth in Article 3(A) of this Agreement.

  • Maximum Basic Grant Amount’ has the same meaning as set out in item 1 of Schedule 1 of HESA;

  • Forward Price Reduction Amount For each Forward Price Reduction Date, the Forward Price Reduction Amount set forth opposite such date on Schedule I. Shares: Common stock, USD 0.01 par value per share, of Party B (also referred to herein as the “Issuer”) (Exchange identifier: “VICI”). Exchange: New York Stock Exchange. Related Exchange(s): All Exchanges. Clearance System: DTC. Calculation Agent: Party A.

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive’s Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive’s target annual incentive bonus for the year in which the Date of Termination occurs.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).