Premium Option definition

Premium Option means an Option having a Base Price equal to the greater of $6.00 or the Fair Market Value of a share of LINTA Stock on the Effective Date.
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Premium Option means an option to purchase shares of Stock at a Premium Exercise Price, as described in Section 5(d) herein.
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Premium Option means an Option having a Base Price equal to the greater of $6.00 or the Fair Market Value of a share of LINTA Stock on the Effective Date. “Required Withholding Amount” has the meaning specified in Section 5 of this Agreement.
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Examples of Premium Option in a sentence

  • The Transferors shall also have the option of increasing, reducing or withdrawing the Premium Percentage, at any time and from time to time, on and after such Premium Option Date.

  • This Agreement constitutes the entire agreement between the parties with respect to this Premium Option and supersedes all prior agreements and discussions between the parties concerning such subject matter.

  • In the event the Optionee chooses to pay the purchase price by previously-owned shares of Stock through the attestation method, the number of shares of Stock transferred to the Optionee upon the exercise of the Premium Option shall be net of the Shares attested to.

  • The Optionee shall not be deemed to be the holder of, or to have any of the rights of a holder with respect to, any shares of Stock subject to this Premium Option unless and until this Premium Option shall have been exercised pursuant to the terms hereof, the Company or the transfer agent shall have transferred the shares to the Optionee, and the Optionee’s name shall have been entered as the shareholder of record on the books of the Company.

  • On the IPO Date, the Executive shall be granted an option (the "Second Premium Option") under the Company's Executive Stock Incentive Plan to purchase a number of shares of Common Stock (rounded to the nearest whole share) equal to 3.0 percent of total number of outstanding shares of all classes of the common stock immediately prior to the IPO Date.

  • On the IPO Date, the Executive shall be granted an option (the "First Premium Option") under the Company's Executive Stock Incentive Plan to purchase a number of shares of Common Stock (rounded to the nearest whole share) equal to 2.5 percent of total number of outstanding shares of all classes of the common stock immediately prior to the IPO Date.

  • The Second Premium Option shall vest based on the continued employment of the Executive in equal annual installments of 25 percent of the number of subject shares on each of the first, second, third and fourth anniversaries of the IPO Date.

  • This Premium Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.

  • The First Premium Option shall vest based on the continued employment of the Executive in equal annual installments of 25 percent of the number of subject shares on each of the first, second, third and fourth anniversaries of the IPO Date.

  • The Second Premium Option shall have a 10-year term of exercise and, except as otherwise provided in this Agreement, shall remain exercisable following vesting for the full term without regard to the employment status of the Executive.