Parallel Options definition

Parallel Options means options granted by certain shareholders of the Company as provided for under the Share Incentive Schemes;
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Examples of Parallel Options in a sentence

  • As of the date hereof, there were issued and outstanding 54,026,832 51st Parallel Shares, 42,427,960 51st Parallel Warrants, 15,535,368 51st Parallel Performance Warrants and 1,500,000 51st Parallel Options.

  • The Company has designated the shares of Operating Common Stock acquired pursuant to the Parallel Options as stock acquired pursuant to the exercise of an incentive stock option.

  • Accordingly, to the extent that the aggregate fair market value of the Operating Common Stock with respect to which the Option and the Parallel Options are first exercisable in any calendar year does not exceed $100,000, the shares of Operating Common Stock acquired pursuant to the Option will be treated as stock acquired pursuant to an incentive stock option.

  • Pursuant to two separate Incentive Stock Option Agreements executed concurrently herewith, the Company has granted Optionee an option to purchase 135,756 shares of Operating Common Stock and an option to purchase 14,244 shares of Operating Common Stock (the "Parallel Options").

Related to Parallel Options

  • Vested Options means the Options that have vested in accordance with Section 1.3 of this Agreement.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".

  • Stock Appreciation Rights Agreement means a written agreement between the Company and a Holder with respect to an Award of Stock Appreciation Rights.

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.