Total Option Shares definition

Total Option Shares. 150,000 Exercise Price Per Share: $0.46 Date of Grant: January 26, 2007 First Vesting Date: April 26, 2007 Expiration Date for Exercise of Options: January 26, 2012 Stock Option Number: 07-014 Type of Stock Option: (Check one) [ X ] Incentive Stock Option [ ] Statutory Stock Option

Total Option Shares means the number of Common Shares that when combined with all other Common Shares owned by Purchaser or its Affiliates at the time of determination will result in Purchaser having twenty-five percent (25%) of the voting power of the Company's capital stock. The time of determination of the Total Option Shares shall be the first Business Day immediately following Purchaser's receipt of the Accountant's Certificate indicating a Second Occurrence Failure.

Total Option Shares means, as of any given day, the total amount of shares purchasable by, or issuable to, you pursuant to any then Outstanding Option, without regard to the number of shares that are vested at such time pursuant to the terms of such Outstanding Options.

Examples of Total Option Shares in a sentence

• The Company hereby grants to Participant an option (this “Option”) to purchase the total number of shares of Common Stock of the Company set forth above as Total Option Shares (the “Shares”) at the Exercise Price Per Share set forth above (the “Exercise Price”), subject to all of the terms and conditions of this Agreement and the Plan.

• The Company hereby grants to Participant an option (this "OPTION") to purchase the total number of shares of Common Stock of the Company set forth above as Total Option Shares (the "SHARES") at the Exercise Price Per Share set forth above (the "EXERCISE PRICE"), subject to all of the terms and conditions of this Agreement and the Plan.

• The Company hereby grants to Optionee an option (this "OPTION") to purchase up to the total number of shares of Common Stock of the Company set forth above as Total Option Shares (collectively, the "SHARES") at the Exercise Price Per Share set forth above (the "EXERCISE PRICE"), subject to all of the terms and conditions of this Agreement and the Plan.

• Optionee shall in no event be entitled under this Option to purchase a number of shares of the Company’s Common Stock greater than the Total Option Shares set forth above.

• This Option shall cease to vest upon Optionee's Termination and Optionee shall in no event be entitled under this Option to purchase a number of shares of the Company's Common Stock greater than the "Total Option Shares." 2.2 Vesting of Options.

More Definitions of Total Option Shares

Total Option Shares. Exercise Price Per Share: _________________________________________________ Date of Grant: _________________________________________________ First Vesting Date: _________________________________________________ Expiration Date: _________________________________________________ (unless earlier terminated under Section 5.6 of the Plan) Type of Stock Option (Check one): [_] Incentive Stock Option [_] Nonqualified Stock Option

Total Option Shares shares EMPLOYEE RETENTION STOCK OPTION AGREEMENT This Employee Retention Stock Option Agreement is made as of the 18th day of March, 2003, by and between McLaren Performance Technologies, Inc., a Delaware corporation, and ____________ ("Grantee"), pursuant to the McLaren 2000 Stock Option Plan (the "Plan"). The undersigned hereby agree as follows:

Total Option Shares means the number of shares of Common Stock set forth in Section 2.1.

Total Option Shares means the sum of the number of Shares of Common Stock issued to the Optionee upon the exercise of options granted under the Plan (on an as-converted basis) and the total number of Shares of Common Stock issuable under options granted to the Optionee under the Plan (on an as-converted basis), in each case determined as of the date of the IPO. Nothing in the second preceding sentence shall (i) apply to a sale or other transfer for value made as a result of the exercise by Onex Partners III LP of its rights under Section 1 of the Shareholders Agreement or (ii) authorize the Optionee to make any sale or other transfer for value that would be prohibited by the Shareholders Agreement, the 2011 Shareholders Agreement or any other agreement to which such Optionee is a party.

Total Option Shares shall have the meaning set forth in the first paragraph of the Recitals, subject to further adjustment as provided in Article VII.

Total Option Shares. Exercise Price Per Share: $ Date of Grant: , Expiration Date: , Type of Stock Option: Nonqualified Stock Option

Total Option Shares. Exercise Price Per Share: Date of Grant: Vesting Start Date: Expiration Date: (unless terminated earlier pursuant to Section 3 below)