Subsisting Option definition

Subsisting Option means an Option to the extent that it has neither lapsed nor been exercised;

Subsisting Option means an Option which has neither lapsed nor been exercised.

Subsisting Option means an option granted under this Scheme or the Unapproved Scheme which has not lapsed or been exercised;

Examples of Subsisting Option in a sentence

• Hence, after 36 complete months of employment following the Vesting Date the total Subsisting Option will be exercisable.

• If any person becomes bound or entitled to acquire shares in the company under Section 979 to 985 of the Companies Act of 2006 any Subsisting Option may subject to Rule 8.4 below be exercised at any time when that person remains so bound or entitled.

• Provided that in the event of Rule 7.3 applying in relation to the same change of Control, the right to exercise a Subsisting Option under this Rule 7.1 shall terminate upon the person referred to in Rule 7.3 below ceasing to be bound or entitled as referred to in Rule 7.3.

• A Subsisting Option and an offer to grant an Option shall be personal to the Participant to whom it is granted or made and shall not be assignable.

• Subject to the following provisions of paragraphs 5 and 6.4, a Subsisting Option may not be exercised by an Optionholder, in whole or in part, until after the Vesting Date.

More Definitions of Subsisting Option

Subsisting Option means an Option which has been granted and which has not lapsed, been surrendered, renounced or exercised in full;

Subsisting Option means an Option which has neither lapsed nor become unexercisable nor been exercised;

Subsisting Option and means an Option or Option to Subscribe "Subsisting Option to Subscribe" (as the case may be) which has not been exercised to the full extent possible under the Rules and which has not lapsed, been cancelled or otherwise terminated;

Subsisting Option an Option to the extent that it has not been exercised, lapsed or cancelled;

Subsisting Option means a Tax-advantaged Option which has neither lapsed nor been exercised.

Subsisting Option means an Approved Option which has neither lapsed nor been exercised; "Taxes Act" means the Income and Corporation Taxes Act 1988;1.2Where the context so permits the singular shall include the plural and vice versa and the masculine shall include the feminine. 1.3Reference to any Act shall include any statutory modification, amendment or re-enactment thereof; 2. ELIGIBILITY 2.1Notwithstanding Section 5 of the Plan, Approved Options shall only be granted to Eligible Employees. 3. OPTION PROVISIONS Section 6 of the Plan shall apply provided that the grant of each Approved Option shall comply with the following conditions: 3.1An Approved Option may not be exercised later than the day before the tenth anniversary of the Date of Grant on which day the same (if it has not already ceased to be exercisable) shall lapse. 3.2The exercise price payable for each Section Share in the event of an Approved Option being exercised shall be:

Subsisting Option means an Option granted under this Plan which has neither lapsed nor been exercised