Examples of Tandem Option in a sentence
Upon such exercise of a Tandem Option, the related Stock Appreciation Right shall terminate and the value of such Stock Appreciation Right shall be limited to such credit.
Conversely, the exercise, in whole or part, of a Related Option, shall cause a reduction in the number of Shares subject to the Tandem Option equal to the number of Shares with respect to which the Related Option is exercised.
Upon the exercise of a Stock Appreciation Right issued as part of a Tandem Option, the Option to which such Stock Appreciation Right relates shall cease to be exercisable to the extent of the number of Shares with respect to which the Stock Appreciation Right was exercised.
The exercise of and payment for the Shares issuable upon exercise of a Tandem Option shall be in accordance with the provisions of Section 6(f) of the Plan.
The right of the Optionee to exercise a Tandem Option shall be cancelled if and to the extent that the related Restricted Share is no longer subject to the restrictions in Section 10.
Notwithstanding anything in this Agreement to the contrary, the exercise of all or a portion of this SAR shall result in the cancellation of the corresponding right to purchase a like number of shares under the Tandem Option, and the exercise of all or a portion of the Tandem Option shall result in the cancellation of the corresponding right to exercise this SAR for a like number of shares.
Shares not issued because the holder of any Tandem Option exercises the accompanying Stock Appreciation Right shall not be subject to future Award by the Committee.
Upon the exercise of a Stock Appreciation Right issued as part of a Tandem Option, the Option to which such Stock Appreciation right relates shall crease to be exercisable to the extent of the number of Shares with respect to which the Stock Appreciation Right was exercised.
A "Tandem Option" shall mean a qualified option or incentive stock option and a non-qualified option granted to an optionee, subject to the provision that the exercise of all or any part of either option will result in a reduction in the other option.
The exercise price for each share purchased pursuant to a Tandem Option granted under the Plan shall be payable in cash.