Time Option definition

Time Option means the right and option to purchase, on the terms and conditions set forth herein, all or any part of an aggregate of the number of shares of Common Stock set forth on the signature page hereof opposite the term Time Option.

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Time Option means an Option with respect to which the commencement of exercisability is governed by Section 3.1(a) hereof.

Time Option means the right and option to acquire, on the terms and conditions set forth in Section 3.1(a)(i), 3.1(b)(i) and 3.1(c)(ii), all or any part of an aggregate of the number of shares of Common Stock, as shall be evidenced by entry in the Company’s shareholder register, set forth on the signature page of this Agreement.

Examples of Time Option in a sentence

The Option shall consist of a Time Option and a Performance Option.
For good and valuable consideration, on and as of the date hereof the Company irrevocably grants to the Optionee the following Stock Options: (a) the Time Option and (b) the Performance Option, in each case on the terms and conditions set forth in this Agreement.
The Time Option shall become vested and exercisable with respect to 20% of the Shares subject to such Option on each of the first five anniversaries of the Closing Date.
Secondary teachers only: I understand that I may be required to fulfill a second duty period in the form of a Professional Time Option.
Compensatory Time Option: Except as described in the following two paragraphs for employees who actually work on a holiday, compensatory time off in lieu of cash may be granted at the employer’s option if the employee so requests.

More Definitions of Time Option

Time Option means an Option granted under the Plan, which is not a Performance Option, and which becomes exercisable over time based on a Participant's continued employment with the Company or its Subsidiaries.

Time Option means that portion of the Option granted to the Optionee hereunder that becomes vested and exercisable pursuant to Section 3.1(a) of this Award.

Time Option means the option to purchase any part or all of an aggregate of the number and series of Membership Units granted to the Grantee under Section 2.1 of this Award.

Time Option. De Colores Spanish Immersion Center provides care and instruction in three-different classrooms for three different groups. Full-time care is provided from 8 am to 6 pm, Monday-Friday, except on the days noted on the school calendar. Part-time care is available for the Infant and Toddler groups from 8 am to 6 pm, with a minimum of three-days a week, subject to availability and approval by the Director. There are no half-day options. I understand that the following time-options are available for each group and that the part-time care is subject to approval of the Director: Infants (6 months to 18 months) - Full-time and Part-time (three/day per week minimum) Toddlers (6 months to 18 months) - Full-time and Part-time (three/day per week minimum) Pre-K (36 months to 60 months) - Full-time only

Time Option means the portion of the Option designated as a Time Option in the Grant Notice.

Time Option means any NQSO Grant that by its terms becomes vested solely due to Employee’s continued employment with ARAMARK, in each case as granted under the Holdings 2007 Management Stock Incentive Plan, as amended from time to time (or any successor plan) and pursuant to a Non-Qualified Stock Option Agreement between Holdings and Employee (and which does not, for the avoidance of doubt, include any NQSO Grants that vest subject both to Employee’s continued employment with ARAMARK and the achievement by ARAMARK of any performance conditions nor any NQSO Grant that is under an Installment Stock Purchase Opportunity Agreement).

Time Option means an Option with respect to which the terms and conditions are set forth in Section 3(a) of this Agreement.