Performance Options definition

Performance Options means the portion of the Option designated as Performance Options in the Grant Notice.

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Performance Options means the options described in Section 5.2.

Performance Options means, collectively, the options granted to certain Management Stockholders under the Incentive Plan to purchase shares of Common Stock, the number of vested and earned options of which is subject to the attainment of certain targets set forth in the Incentive Plan and the option certificates issued pursuant thereto.

Examples of Performance Options in a sentence

In the event this Agreement is not renewed or the Executive is terminated other than for Cause, the Executive shall be entitled to register the stock underlying the vested portion of the Performance Options provided hereunder on the terms and conditions set forth in a registration rights agreement to be mutually agreed upon by and between Executive and the Company.
Notwithstanding the foregoing, the time periods set forth in this Section 3.2 shall not begin to run with respect to Performance Options that vest in accordance with Section 3.1(a)(ii) above until the time at which the Board certifies the financial statements for the Company for the Fiscal Year immediately preceding the Fiscal Year in which, or for the Fiscal Year in which, termination of employment occurs.
In the event of quarter to quarter decreases in revenues and or cash flow, the Performance Options shall not vest for that quarter but the unvested quarterly Performance Options shall be added to the available Performance Options for the year, vested subject to achievement of the applicable annual goal.
The Executive shall be granted options ("Performance Options") to purchase an aggregate of 220,000 shares of Common Stock, subject to anti-dilution provisions relating to adjustments in the event that the Company, among other things, declares stock dividends, effects forward or reverse stock splits, at an exercise price of the fair market value of the date of the grant, and shall be exercisable for a period of four (4) years from the date of vesting unless sooner terminated, as described herein.
Awards of Options and Performance Options, to the extent vested, shall be exercisable in whole or in part by the Participant delivering notice to the Plan Administrator (as defined below) in accordance with the terms of the Award.

More Definitions of Performance Options

Performance Options. Performance Options shall vest if the Target IRR would have been achieved based upon the fair market value of Holdings L.L.C.'s investment in Holdings as of the Termination Date and Employee will receive the applicable value of the Performance Option as determined at the Termination Date by the Board of Directors of Holdings at such time as Holdings L.L.C. receives cash payments for its interests in Holdings. If the Target IRR is not achieved on both the Termination Date and the Determination Date, then all Performance Options shall be terminated with no payment to or value to Employee. BY PLAYCORE WISCONSIN FOR CAUSE OR BY THE EMPLOYEE WITHOUT GOOD REASON: TIME OPTIONS: All vested Time Options shall remain exercisable for 90 days and if not exercised by the end of business on the 90th day shall terminate. All nonvested Time Options shall terminate on the Termination Date.

Performance Options. All Performance Options shall immediately terminate. CALL ON SHARES ACQUIRED In the event of the Employee's termination ON EXERCISE OF OPTION: of employment for any reason, all shares in Holdings held by Employee as a result of exercising Options shall be subject to a "call" by Holdings or its designee (the "Company Call") at the fair market value on the Termination Date. The Company Call must be exercised within six months of the Termination Date. The purchase price as determined above will be paid one-half in cash within 30 days of the exercise of the Company Call and the remaining one-half payable within two years of the date of exercise of the Company Call (the "Deferred Call Payments"). Any Deferred Call Payments shall be credited with an appropriate interest rate or dividend rate. In the event that Holdings is restricted from purchasing such shares for cash under any applicable financing or other agreements, Holdings may issue the Employee a note or such other permissible security (which shall contain commercially reasonable terms) in full satisfaction of such call. In no event shall the Employee be paid less cash at the time of the exercise of the Company Call than the Employee's income tax liability resulting from the sale of the shares.

Performance Options means those Options that are subject ------------------- to the provisions of Section 3(b) hereof providing for the vesting of such Options on the basis of the financial performance of the Company and the Subsidiaries and/or the continued employment of the Grantee. Performance Options have been granted to the Grantee pursuant to this Agreement with respect to 112,500 Shares.

Performance Options means those Options that are subject to the provisions of Section 2(b) hereof providing for the vesting of such Options on the basis of the financial performance of the Company and the continued employment of the Employee. The number of Performance Options granted to the Employee pursuant to this Agreement is specified on the signature page hereof under the heading "Performance Options."

Performance Options means Performance Options granted pursuant to the Management Stock Incentive Plan.

Performance Options means all outstanding options to purchase Shares issued pursuant to the Corporation 2016 Stock Option Plan which are subject to performance conditions, including the Vested Performance Options and the Unvested Performance Options.

Performance Options has the meaning assigned by Section 4(b);