Revised Option definition

Revised Option has the meaning given to it in the Subscription Agreement;
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Revised Option has the meaning given to it in clause 3.1.4;
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Examples of Revised Option in a sentence

  • If approved by the Compensation Committee, the Revised Option Agreement shall provide that such stock option shall vest as follows: (i) 50% of such stock option shall be fully vested on the date of grant, (ii) 25% of such stock option shall vest on May 15, 2019 and (iii) the remaining 25% of such stock option shall vest in 12 equal installments on the 15th day of each month, with the first tranche vesting on June 15, 2019 and the last tranche vesting on May 15, 2020.

  • Revised Option Agreement dated September 14, 1998 between Nessys Corporation as owner and Automata International, Inc., successor by merger to Automata, Inc.

  • Subject to the approval of the Company’s Compensation Committee, as soon as practicable following the Effective Date, as defined below, the Company and Consultant will cancel the Option Agreement and enter into a Revised Option Agreement granting ▇▇.

  • Such notice shall be irrevocable and shall set forth the number of Option Shares as to which the Initial Option or Revised Option is being exercised and the Option Closing Date; provided, however, that the Option Closing Date shall be no later than five Business Days after the date on which the option shall have been exercised.

  • Upon the Revised Option under this clause 3.1.4 becoming effective, the Initial Option shall forthwith lapses, have no further effect and cannot be further exercised.

  • If at any time between the date of this Agreement and closing of the exercise of the Revised Option, Shares have been consolidated or sub-divided, the Option Share Price per Share shall be correspondingly increased or reduced (as the case may be) to the effect that the aggregate Option Share Price payable by the Investor and receivable by the Issuer and Powin Corp for the Revised Option Shares would remain the same as if the consolidation or sub-division did not take place.

  • The Stock Option Agreement is hereby modified so that it covers a total of 90,000 shares of Common Stock of Company (the "Revised Option Shares"), with the remaining 71,571 shares originally covered by the Stock Option Agreement being immediately cancelled.

  • Of the Revised Option Shares, 81,000 shares shall vest immediately and 9,000 shares shall vest on January 16, 1999, so long as Clifford has fulfilled his obligations under paragraph 5 below ▇▇▇ ▇ ▇▇riod of one year from the date of this Agreement.

  • A circular containing, amongst other things, (i) details of the Revised Placing, (ii) the Placing Agreement as revised and supplemented by the Supplemental Placing Agreement, (iii) a valuation report on the Revised Option; and (iv) a notice convening the SGM will be despatched to the Shareholders as soon as practicable.

  • Wi▇▇ ▇▇▇▇▇ct to the number of Revised Option Shares, the aggregate number of shares and the price per share shall be proportionately adjusted for any increase or decrease in the number of outstanding shares of stock of Company resulting from a subdivision or consolidation of shares or any other capital adjustment or the payment of a stock dividend or other increase or decrease in the number of such shares effected without Company's receipt of consideration therefor in money, services, or property.

Related to Revised Option

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to Exercise the Option.

  • Promised Options means promised but ungranted Options that are the greater of those (i) promised pursuant to agreements or understandings made prior to the execution of, or in connection with, the term sheet or letter of intent for the Equity Financing or Liquidity Event, as applicable (or the initial closing of the Equity Financing or consummation of the Liquidity Event, if there is no term sheet or letter of intent), (ii) in the case of an Equity Financing, treated as outstanding Options in the calculation of the Standard Preferred Stock’s price per share, or (iii) in the case of a Liquidity Event, treated as outstanding Options in the calculation of the distribution of the Proceeds.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Vested Options means the Options that have vested in accordance with Section 1.3 of this Agreement.