the Option definition

the Option means the Option to purchase the Property referred to in item 4 of the Fourth Schedule;

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the Option means the Option to purchase the Unit referred to in item 4 of the Third Schedule;

the Option. (as defined in Section 1 of the Stock Option Agreement) granted under the Stock Option Agreement to terminate and be of no further force and effect.

Examples of the Option in a sentence

• It is understood that each Underwriter has authorized the Representatives, for its account, to accept delivery of, receipt for, and make payment of the purchase price for, the Initial Securities and the Option Securities, if any, which it has agreed to purchase.

• The right to purchase the Option Units, or any portion thereof, may be exercised from time to time and to the extent not previously exercised may be surrendered and terminated at any time upon notice by the Representative to the Company.

• If such delivery and payment for the Option Shares does not occur on the Closing Date, the Option Closing Date will be as set forth in the notice.

• If such delivery and payment for the Option Units does not occur on the Closing Date, the Option Closing Date will be as set forth in the notice.

• Delivery of the Underwritten Securities and the Option Securities shall be made through the facilities of The Depository Trust Company unless the Representatives shall otherwise instruct.

More Definitions of the Option

the Option means the option recorded in clause 2 below;

the Option has been granted pursuant to the Plan, and the terms and conditions of the Plan are incorporated by reference in this Agreement as though set forth herein in their entirety.

the Option has been granted pursuant to The Progressive Corporation 1995 Incentive Plan (the "Plan") and shall include and be subject to all provisions of the Plan, which are hereby incorporated herein by reference, and shall be subject to the following provisions of this Agreement:

the Option granted shall contain the standard terms and provisions required by the Plan, together with a provision for vesting dates as follows: 50% shall vest if ACX Technologies, Inc.'s ("ACX") stock price is $20.00 per share on average for 30 consecutive trading days; the remaining 50% (100% in total) shall vest if the ACX stock price is $25.00 per share on average for 30 consecutive trading days. On the third anniversary from the Grant Date any increment not yet exercisable as a result of the preceding sentence shall become fully exercisable. The Option once vested shall be exercisable until the tenth anniversary of the Grant Date, at which time the Option shall expire. Thereafter, Executive shall participate in such equity plans as CTI may from time to time make available to its executive employees.

the Option granted herein is granted subject to all the terms and conditions of the Agreement, including, but not limited to, the following provisions:

the Option means the option to purchase the Property, which is exercisable by the Buyers in the manner described in Clause 3 hereof

the Option. Work Programme";