Purchase Right definition

Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

Purchase Right means an option granted to a Participant pursuant to the Plan to purchase such shares of Stock as provided in Section 8, which the Participant may or may not exercise during the Offering Period in which such option is outstanding. Such option arises from the right of a Participant to withdraw any accumulated payroll deductions of the Participant not previously applied to the purchase of Stock under the Plan and to terminate participation in the Plan at any time during an Offering Period.

Purchase Right has the meaning set forth in Section 8.5.

Examples of Purchase Right in a sentence

• A Restricted Share Purchase Right shall be exercisable within a period established by the Committee, which shall in no event exceed thirty (30) days from the effective date of the grant of the Restricted Share Purchase Right.

• The purchase price for shares of Stock issuable under each Restricted Stock Purchase Right shall be established by the Committee in its discretion.

• Purchase of Stock; Exercise of Purchase Right By electing to participate in the Purchase Plan, each employee is in effect granted a right to purchase shares of Virage Logic common stock using payroll deductions accumulated as of each purchase date.

• The purchase price for Common Shares issuable under each Restricted Share Purchase Right shall be established by the Committee in its discretion.

• Restricted Share Awards may be granted in the form of either a Restricted Share Bonus or a Restricted Share Purchase Right.

More Definitions of Purchase Right

Purchase Right means the right to purchase Stock granted pursuant to Section 7.

Purchase Right means an option to purchase Shares granted pursuant to the Plan.

Purchase Right means an option pursuant to the Plan to purchase such shares of Stock as provided in Section 8 which may or may not be exercised during an Offering Period. Such option arises from the right of a Participant to withdraw such Participant’s accumulated payroll deductions not previously applied to the purchase of Stock under the Plan (if any) and terminate participation in the Plan or any Offering therein at any time during an Offering Period.

Purchase Right with respect to any Person means any security, right, subscription, warrant, option or other Contract that gives the right to purchase or otherwise receive or be issued any shares of capital stock or other equity interests of such Person or any security of any kind convertible into or exchangeable or exercisable for any shares of capital stock or other equity interests of such Person.

Purchase Right means a Participant's option to purchase Stock that is deemed to be outstanding during a Offering Period. A Purchase Right represents an "option" under Section 423 of the Code.

Purchase Right means an option granted to a Participant pursuant to the Plan to purchase shares of Common Stock as provided in Section V, which the Participant may or may not exercise during the Offering Period.

Purchase Right means an option granted hereunder which entitles a Participant to purchase shares of Common Stock in accordance with the terms of the Plan.