Outstanding Option definition

Outstanding Option means, at any time, an option to purchase shares of Common Stock granted by the Corporation pursuant to this plan or any other stock option plan of the Corporation or any Subsidiary now or hereafter in effect, or pursuant to any stock option plan of any corporation which is merged into the Corporation or a Subsidiary and where the Corporation has by action of its Board, assumed the obligations of such corporation under such stock option plan, all whether or not such option is at the time exercisable, to the extent that such option at such time has neither been exercised nor terminated.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Outstanding Option means each Option outstanding immediately prior to the Effective Time.

Outstanding Option or “Outstanding Options” is defined in Section 1.7(b).

Examples of Outstanding Option in a sentence

• The options issued or to be issued under the Outstanding Option Grants shall continue to be subject to the terms of the Option Agreements, except to the extent otherwise provided for in this Agreement.

• The Company has issued to the Employee options to purchase shares of the Company's Common Stock pursuant to the terms of various Option Agreements and the terms of the Company's 1998 Stock Incentive Plan (the "Outstanding Option Grants").

• The options issued under the Outstanding Option Grants shall continue to be subject to the terms of the Option Agreements, except to the extent otherwise provided for in this Agreement.

• If such product is equal to or less than zero, such Outstanding Option shall be cancelled and the holder thereof shall receive no consideration in respect thereof.

• For purposes of this Section 2(c)(iii), the term “Total Option Shares” shall mean, as of any given day, the total amount of shares purchasable by, or issuable to, you pursuant to any then Outstanding Option, without regard to the number of shares that are vested at such time pursuant to the terms of such Outstanding Options.

More Definitions of Outstanding Option

Outstanding Option has the meaning given to the term in Section 2.5(g)(i) of this Agreement. PBGC has the meaning given to the term in Section 3.13(b) of this Agreement.

Outstanding Option means stock options of the Target that are outstanding at the Effective Time.

Outstanding Option means the number of Options outstanding as of immediately prior to the Closing.

Outstanding Option means, at any time, an option to purchase shares of Common Stock granted pursuant to this Plan, to the extent that such option at such time has not been exercised and has not terminated, determined without regard to whether or not such option is at the time exercisable.

Outstanding Option has the meaning set forth in Section 1.2(a).

Outstanding Option means, at any time, an option to purchase

Outstanding Option means an unexercised eligible option held by an eligible employee.