Terminating Option definition

Terminating Option means each Company Option that is held by a Continuing Employee and is not an Assumed Option.
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Terminating Option shall have the meaning set forth in Section 4.4(b).
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Terminating Option means each then-outstanding Company Option granted pursuant to a Company Equity Plan that is vested and exercisable at the Effective Time and that is not an Underwater Company Option.
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Examples of Terminating Option in a sentence

  • The provision of Special Access requires the selection of a Terminating Option as defined in 5.3. The provision of Switched Access requires an Entrance Facility as defined in 4.2.3(B).

  • SPECIAL ACCESS (Cont'd) 5.1 General (Cont'd) 5.1.1 Rate Elements (Cont'd) (C) Special Access Line (SAL) (Cont'd) (1) (Cont'd) The selection of a Terminating Option, as defined in 5.3, is required for terminating the network portion of a Special Access Line at a CDL.

  • The description of each Terminating Option defines the most effective use of the Terminating Option.

  • The selection of a Terminating Option, as defined in 4.3, is required for terminating the network portion of a Special Access Line at a CDL.

  • The provision of Special Access requires the selection of a Terminating Option as defined in Section 4.3. When a customer orders a Fiber Connect SAL he must specify, whether the interface is to be an electrical or optical termination and indicate the Network Channel interface (NCI) code on the Order.

  • The provision of Special Access requires the selection of a Terminating Option as defined in VI.C..

  • The selection of Terminating Option, as defined in 7.1.2(C), is required for terminating the network portion of a Special Access Line at a customer designated premises.

  • Any such payment with respect to a Terminating Option shall be subject to all applicable federal, state and local tax withholding requirements.

  • However, the latter – as the solution for the problem reported by the User may take longer than that considering that the investigation of complex problems and the implementation of tasks requiring development require the harmonious cooperation of an employee working in different roles already in the analysis phase, which can take significantly more time – does not mean that the problem indicated by the User will be resolved within this period.

  • Each Terminating Option that is outstanding and unexercised immediately prior to the Closing that has an exercise price equal to or greater than the Offer Consideration shall be cancelled as of the Closing without consideration therefor and the holder of such Terminating Option shall cease to have any rights with respect thereto.


More Definitions of Terminating Option

Terminating Option is a Company Stock Option that is outstanding immediately prior to the Effective Time and that is held by a person who is not a Continuing Employee or Continuing Service Provider; • each outstanding Company RSU under the Company Stock Option Plans that is outstanding and unvested at the Effective Time and that is not a Terminating RSU (as defined below) (a “Continuing RSU”) will be assumed by Parent and each Continuing RSU assumed by Parent will continue to have and be subject to the same terms and conditions of such Company RSU in effect immediately prior to the Effective Time, including the vesting restrictions, except for administrative changes that are not adverse to the holder of a Continuing RSU or to which the holder consents and except (i) that each RSU shall cover a number of shares of Parent Common Stock equal to the product of the number of Company Shares that would be issuable under the Company RSU immediately prior to the Effective Time multiplied by the Exchange Ratio, rounded down to the nearest whole number of shares of Parent Common Stock and (ii) all references to the “Company” in the applicable Company Stock Option Plans and the restricted stock unit agreements will be references to Parent; • each Terminating RSU (as defined below) will be cancelled at the Effective Time. Each holder of a Terminating RSU that is vested at the Effective Time (after giving effect to any accelerated vesting occurring in connection with the Offer and the Merger and/or the holder’s termination of employment on or prior to the Effective Time) shall be eligible to receive as soon as practicable after the Effective Time (or, to the extent required in order to avoid the holder becoming subject to any tax, penalty or interest under Section 409A of the Code, the earliest payment date provided for in the terms and conditions of the Terminating RSU) an amount in cash (without interest) equal to (i) the Merger Consideration multiplied by (ii) the number of Company Shares subject to each Terminating RSU, less all applicable deductions and withholdings required by law to be withheld in respect of such payment. Terminating RSUs that are not vested at the Effective Time shall be automatically cancelled for no consideration at the Effective Time. If the payment for any vested Terminating RSU cannot be made as soon as practicable after the Effective Time without triggering any tax, penalty or interest under Section 409A of the Code, Seller shall provide prior to the Effecti...
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Related to Terminating Option

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • 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.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

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

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

  • 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.

  • Terminating Event means any of the following events:

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

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

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

  • Terminating Party As defined in Section 7.1(f).

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).

  • Call Option Period has the meaning given to it in Condition 6.04 (Call Option);

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

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

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

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Share Termination Settled” in relation to the Transaction means that Share Termination Alternative is applicable to the Transaction.

  • Compensation Options means the options of the Company to be issued to the Agent pursuant to Section 8.2 hereof to acquire Compensation Shares;

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

  • Potential Termination Event means an event which but for the lapse of time or the giving of notice, or both, would constitute a Termination Event.

  • Replacement Option has the meaning set forth in Section 3.06.

  • Company Stock Option means any option to purchase Company Common Stock granted under any Company Stock Plan.

  • 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.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.