OSG Option means an option to purchase OSG Common Stock granted pursuant to an OSG Equity Plan that is outstanding as of immediately prior to the Effective Time.
3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.
Vested Option means any Option, which has already been vested according to the Vesting Dates.
Top-Up Option has the meaning set forth in Section 1.04(a).
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.
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.
Director Option means an Option granted pursuant to Section 6.
Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.
Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.
Employee Option means an Option granted pursuant to Section 5.
Share Option means a Nonqualified Share Option or an Incentive Share Option.
Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.
Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).
First Option has that meaning set out in Section 3.1 (a);
Related Option means an Option with respect to which a Stock Appreciation Right has been granted.
Company Stock Option means any option to purchase Company Common Stock granted under any Company Stock Plan.
Unvested Company Option means any Company Option that is not a Vested Company Option.
Reload Option means any Option granted under Section 6(a)(iv) of the Plan.
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.
Stock Index Option means an exchange traded option entitling the holder, upon timely exercise, to receive an amount of cash determined by reference to the difference between the exercise price and the value of the index on the date of exercise.
Company Option means an option to purchase shares of Company Common Stock granted under the Company Incentive Plan.
Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.
Option means a stock option granted pursuant to the Plan.
Optioned Stock means the Common Stock subject to an Option.
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.
Parent Option means an option to purchase shares of Parent Common Stock.
Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.