Restricted Option definition
Examples of Restricted Option in a sentence
The Committee shall, in its sole discretion, have the right to accelerate the vesting of any Option and to release any restrictions on the Restricted Option Shares, in the event of a Change in Control.
Requests to liquidate a Participant’s interest in a Restricted Option will be processed in the order received.
If the Participant fails to elect to defer the withdrawal date or to modify the order after receiving notice of the Restricted Option, pro rata withdrawals will be made from the Investments Options designated by the Participant other than the Restricted Option.
Any exercise of an Option when the closing price of a Share is less than one hundred fifteen percent (115%) of the Exercise Price on the trading date immediately preceding the applicable exercise date shall not be deemed to be an exercise of a Price Restricted Option.
Any exercise of an Option when the closing price of a Share is at least one hundred fifteen percent (115%) of the Exercise Price on the trading date immediately preceding the applicable exercise date shall be deemed to be an exercise of a Price Restricted Option.
If a Participant fails to designate any order of liquidation, pro rata withdrawals will be made from all Investment Options within the eligible funding sources other than the Restricted Option.
Restricted Option Cash shall be held by Parent until the portion of the Company Stock Option with respect to which such Retained Option Cash was retained is no longer subject to forfeiture by the Optionholder by reason of vesting of such Company Stock Option pursuant to the agreement governing the vesting of the applicable Company Stock Option immediately prior to the Closing and subject to Section 1.8(d) and Article 7.
Executive shall also be granted on the Effective Date options ("Restricted Option") to purchase Shares subject to the restrictions set forth in this Section 5(h) ("Restricted Shares") in a number equal to six million six hundred thousand dollars ($6,600,000) divided by the Effective Date Market Price.
On and after a Termination Event, no Restricted Option Shares shall become Unrestricted Option Shares, except as provided in Section 7 of the Stock Option Agreement.
Additionally, and notwithstanding the foregoing Share Restriction, you may dispose of such number of Restricted RSU Shares and/or Restricted Option Shares to satisfy any incremental ordinary income tax liability due as a result of the settlement or exercise of such Restricted RSU Shares and/or Restricted Option Shares that may become due following initial tax withholding upon settlement or exercise, as applicable.