Subsisting Options definition

Subsisting Options has the meaning given in the Articles; Taxation means all forms of taxation, duties, rates, levies, contributions, withholdings, deductions, liabilities to account, charges and imposts whether imposed in the United Kingdom or elsewhere in the world; Taxing Authority means HMRC and any other governmental, state, federal, provincial, local governmental or municipal authority, body or official whether of the United Kingdom or elsewhere in the world, which is competent to impose or collect Taxation; Termination Date means the date (if any) on which each of the Individual Warrantors respectively ceases to be an employee of any company in the Group; VAT means value added tax chargeable under the VATA or under any legislation replacing it or under any legislation which the VATA replaced and further means value added tax at the rate in force when the relevant supply is made and any tax of a similar nature which is introduced in substitution for such value added tax; VATA means the Value Added Tax Act 1994;
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Subsisting Options means all options (other than the Call Options) by which any person is entitled to acquire or call for the issue or transfer of Shares (of whatever nature and upon whatever terms), full details of which (as at the date of this Agreement) are set out at Part 6 of the schedule annexed and executed as relative hereto
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Subsisting Options means an option granted under the Plan which has neither lapsed nor been exercised; and
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Examples of Subsisting Options in a sentence

  • In this way, the exercise price to be paid in respect to each Subsisting Option that is being exercised (together with any tax liabilities that the Company or any of its subsidiaries has a legal obligation to withhold) will be funded using cash proceeds that are otherwise payable under the Scheme directly to Option Holders in respect of the Ordinary Shares they will hold immediately following exercise of their Subsisting Options.

  • Option holders whose Subsisting Options over such 9,903,265 Ordinary Shares would need to pay more to exercise their Subsisting Options than they would receive in respect of the Cash Consideration from the sale of the Ordinary Shares that they would acquire under each Subsisting Option.

  • The Company shall at all times take account of the need for there to be available sufficient Stock to satisfy the exercise to the full extent still possible of all Subsisting Options taking account of any other obligations of the Company to issue unissued Stock and of the availability of existing unissued Stock.

  • For the avoidance of doubt, where in accordance with Rule 8.1 Subsisting Options are released and New Options granted, the New Options shall not be exercisable in accordance with Rule 6.4 by virtue of the event on which the New Options were granted.

  • When aggregating the Option Price of Approved Options granted at different times the Option Price of Subsisting Options shall taken as the pound sterling value as at the date of grant of each Subsisting Option.

  • Of these, Subsisting Options over 20,686,124 Ordinary Shares have an exercise price of less than 13 ▇▇▇▇▇ per Ordinary Share and Subsisting Options over 9,903,265 Ordinary Shares have an exercise price of above 13 ▇▇▇▇▇ per Ordinary Share.

  • No amendment shall be made which would adversely affect any of the subsisting rights of Option Holders without the written consent of Option Holders who, if all Subsisting Options were to be exercised in full, would become entitled to not less than three-quarters of all the Shares which would fall to be transferred and/or allotted.

  • For this reason, the parties do not expect that the holders of Subsisting Options over such 9,903,265 Ordinary Shares will elect to exercise such Subsisting Options and no set Proposal will be extended to such option holders.