Royal Option definition

Royal Option means an option to purchase Royal Shares pursuant to the Long-Term Incentive Plan;
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Examples of Royal Option in a sentence

  • Exploration for gold and silver are carried out under a Mines Royal Option from the Crown Estate but the company may also hold an MPL over the same area if it is also exploring for base metals and DfE will exercise a regulatory function for those exploration activities.

  • OMAGH MINERALS LTD EXPLORATION LICENCES IN THE REPUBLIC OF IRELAND OM4OM1 The current expiry of the Mines Royal Option Agreements, coincident with the Exploration License issued by DETI and which are renewable, are July 18th 2013 in respect of OM1/09 and December 31st 2014 in respect of OM4/10.

  • The Company has satisfied this condition;o the Company obtaining all necessary Shareholder approvals;o each Royal Option holder entering into an agreement pursuant to which their Royal Energy options are cancelled in exchange for Royal Energy shares, on or before First Completion.

  • Exploration for gold and silver is carried out under a Mines Royal Option from the Crown Estate but the company will also usually hold an MPL over the same area and DfE will exercise a regulatory function for the exploration activities.

  • For the Theatre Royal, Option 4 was assumed throughout because the Council had already agreed to withdraw revenue funding support from 1 April 2009.

Related to Royal Option

  • First Option has that meaning set out in Section 3.1 (a);

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Renewal Option has the meaning set forth in §12.1.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Option means a stock option granted pursuant to the Plan.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Director Option means an Option granted pursuant to Section 6.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

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

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Option 3 [ ] A Participant satisfies the Plan's Early Retirement Age conditions by attaining age ________ (not less than 55) and completing ________ Years of Vesting Service.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Option 2 [_] An amount equal to the sum of ________% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which does not exceed ________% of the Contributing Participant's Compensation plus ________% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which exceeds ________% of the Contributing Participant's Compensation.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • 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.

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.

  • Employee Option means an Option granted pursuant to Section 5.