Timken Option means an option to acquire Timken Common Shares granted by Timken under a Timken LTIP before the Distribution Date.
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).
Vested Option means any Option, which has already been vested according to the Vesting Dates.
Share Option means a Nonqualified Share Option or an Incentive Share Option.
Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.
Director Option means an Option granted pursuant to Section 6.
Company Stock Option means any option to purchase Company Common Stock granted under any Company Stock Plan.
Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.
Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.
Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.
Reload Option means any Option granted under Section 6(a)(iv) of the Plan.
Option means a stock option granted pursuant to the Plan.
Employee Option means an Option granted pursuant to Section 5.
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.
SAR means a stock appreciation right granted under the Plan.
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).
Nonqualified Option means any Option that is not an Incentive Stock Option.
Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.
First Option has that meaning set out in Section 3.1 (a);
Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.
Parent Option means an option to purchase shares of Parent Common Stock.
Unvested Company Option means any Company Option that is not a Vested Company Option.
Stock Index Option means an exchange traded option entitling the holder, upon timely exercise, to receive an amount of cash determined by reference to the difference between the exercise price and the value of the index on the date of exercise.
Related Option means an Option with respect to which a Stock Appreciation Right has been granted.
Optioned Stock means the Common Stock subject to an Option.
Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.