Special Option definition

Special Option means an option or other security granted by the Company which is convertible or exercisable into or exchangeable for Common Shares for nominal or indeterminate consideration, and includes an over-allotment option or similar option granted to one or more underwriters in connection with a public offering of securities of the Company, but excludes (a) an Incentive Security, (b) a Right, and (c) the Pre-Emptive Right.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Special Option means an option or other security granted by the Company which is convertible or exercisable into or exchangeable for Common Shares for nominal or indeterminate consideration, and includes an over-allotment option or similar option granted to one or more underwriters in connection with a public offering of securities of the Company, but excludes (a) any Incentive Security, (b) any Right, and (c) the Pre-emptive Right.

Special Option means an option to subscribe for Units on the Special Option Terms.

Examples of Special Option in a sentence

• The option price for the Special Option Grant shall be equal at least to the fair market value of the Company’s Common Stock as of the grant date.

• The Special Option Grant will be subject to all of the terms and conditions of the Option Plan and the Stock Option Agreement that will be issued if and when the grant becomes effective.

• The grant date of the Special Option Grant will occur on the later of (i) the date the Company becomes current in its reporting obligations under the Securities Exchange Act of 1934; or (ii) the first date thereafter when the Form S8 Registration Statement for the Option Plan complies with the requirement of the Securities Exchange Commission provided that you are still an employee on the grant date.

• The Company shall also give CBG and GCILP notice as promptly as practicable following the grant of a Special Option.

• The Special Option shall be fully vested as of the date of grant and shall become exercisable as of the date of shareholder approval of the Plan.

More Definitions of Special Option

Special Option means a Series G Special Option to subscribe for Units in accordance with the Special Option Terms.

Special Option means a Nonqualified Stock Option granted to the CEO or Chairman pursuant to Section 13.

Special Option means an option to subscribe for that number of Units equal to the Special Option Number on the Special Option Terms, and

Special Option means an option or other security granted by Genworth Canada which is convertible or exercisable into or exchangeable for Common Share(s) granted by Genworth Canada for nominal or indeterminate consideration, and includes an over-allotment option or similar option granted to one or more underwriters in connection with a public offering of securities of Genworth Canada, but excludes (i) an Incentive Security, (ii) a Right, and (iii) the Pre-Emptive Right;

Special Option shall have the meaning ascribed in the Deed of Option.

Special Option. On the effective date of this Agreement, CyberGuard agrees to issue to Marketlink an option to purchase, in the aggregate, 100,000 shares of CyberGuard Common Stock at the price per share equal to the closing price of CyberGuard Common Stock as of the effective date of this Agreement, which option shall vest only if: (1) CyberGuard terminates this Agreement for cause due to Marketlink's failure to achieve the minimum revenue commitments for the first quarter or for the second quarter of this Agreement as set forth in section 14 of Exhibit D of this Agreement, and (2) CyberGuard receives Marketlink's complete Reseller database for CyberGuard's use at CyberGuard's sole discretion.

Special Option means an option to purchase shares of Stock granted automatically under the Plan pursuant to Section 8 to a Non-Employee Director.