PVSO definition

PVSO means an option entitling the holder to acquire shares of Stock upon payment of the applicable exercise price, subject to the conditions and restrictions described herein or in an Award agreement.
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Examples of PVSO in a sentence

  • The PVSO is subject to the provisions of the Plan Documents as amended from time to time, copies of which the Company has made available to the Optionee.

  • Exercise of the PVSO by the Optionee will result in the Optionee owning Stock, and may also require the exchange of funds in US Dollars, or the use of a US-based brokerage account.

  • The PVSO may be exercised by the Optionee, his heirs or assigns at any time, in whole or in part; provided, however, that no such partial exercise shall be in increments of less than 100 shares, unless the aggregate number of shares as to which this option is exercisable prior to the Final Exercise Date is less than 100 shares (in which event such lesser amount may be exercised), by notice in writing delivered to the Company at its principal office.

  • By executing the Agreement or claiming any rights hereunder, the Optionee represents that he is familiar with the terms and provisions of the Agreement and the Plan Documents, and hereby accepts the PVSO subject to all of the terms and provisions thereof.

  • If the Optionee’s employment with the Company or its subsidiaries terminates for any reason other than death, the PVSO, to the extent not then exercisable, shall terminate.

  • In the event of a stock dividend, stock split, combination of shares or other similar capital change affecting the shares of Class A Common Stock, the Option Price and the number of shares of Class A Common Stock subject to the PVSO shall be appropriately adjusted.

  • Such notice shall be accompanied by payment in full of the Option Price for the number of shares as to which the PVSO is being exercised, plus any federal, state, local or other tax or assessment (including any interest or penalties) the Company is required to withhold.

  • These laws may change from time to time, and the Company cannot and will not guarantee that the Optionee will be able to exercise the PVSO or use the exercise methods outlined in the Plan Documents at any given time or location.

  • This PVSO does not give the Participant any right to be retained in the employ of the Company or any of its subsidiaries, nor any other right not expressly provided for herein or in the Plan Documents.

  • The Agreement shall be binding upon and inure to the benefit of the parties hereto, the successors and assigns of the Company, and in the event of the death of the Optionee, his executor or administrator and the person or persons to whom the PVSO is transferred by will or the laws of descent and distribution.