Oromin Option means options to acquire Oromin Shares issued and outstanding under the Incentive Plan;
3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.
First Option has that meaning set out in Section 3.1 (a);
Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.
Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.
Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.
Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.
Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.
Share Option means a Nonqualified Share Option or an Incentive Share Option.
Option means a stock option granted pursuant to the Plan.
Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.
Vested Option means any Option, which has already been vested according to the Vesting Dates.
Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.
Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.
Director Option means an Option granted pursuant to Section 6.
Option Shares shall have the meaning ascribed to such term in Section 2.2(a).
First Refusal Right means the right granted to the Corporation in accordance with Article E.
Top-Up Option has the meaning set forth in Section 1.04(a).
Call Option Period has the meaning given to it in Condition 6.04 (Call Option);
Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.
Option Share has the meaning ascribed to it in section "4.7" hereinbelow;
Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).
Put Right has the meaning set forth in Section 8.05(a).
Reload Option means any Option granted under Section 6(a)(iv) of the Plan.
Repurchase Option has the meaning set forth in Section 1.3(a) hereto.
Optioned Shares means the common shares of the Company, issuable on exercise of the Option; and
Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.