Tranche 1 Option definition

Tranche 1 Option means the portion of the Stock Option to purchase the number of shares of Stock set forth in Schedule A that is subject to time-based vesting in accordance with the terms of this Agreement, including Schedule A, and the Plan.
Sample 1Sample 2Sample 3
Tranche 1 Option means any option with an exercise price per Share that is less than the amount of the Cash Consideration.
Sample 1

Examples of Tranche 1 Option in a sentence

  • Notwithstanding anything in the Plan to the contrary, the Tranche 1 Option and the Tranche 2 Option will vest in accordance with the terms of Schedule A attached hereto.

  • Tranche 1 Option are granted in recognition of services provided to the Company by Landsdowne in relation to the search and securing of a proposed new chairman of the board of the Mayur.

  • The Group intends to finance its subscription of the Tranche 1 CB and the Tranche 1 Option CB (if applicable) by the internal available resources of the Group.

  • In this hypothetical, the Tranche 1 Option would have vested with respect to 20,000 shares on 11/1/2016, prior to the date of termination.

  • The Regal Group intends to finance its subscription of the Tranche 1 CB and the Tranche 1 Option CB (if applicable) by the internal available resources of the Regal Group.

  • If the Tranche 1 Option vested in monthly installments, it would vest with respect to 2,083 shares per month.

  • The issue of the Tranche 1 Options under the Tranche 1 Option Offer is not conditional on Shareholder approval, as it utilises the Company’s existing placement capacity under ASX Listing Rule 7.1. The Joint Lead Manager Offer and the issue of Tranche 2 Options under the Tranche 2 Option Offer are each conditional on Shareholder approval at the EGM.

  • The number of Tranche 1 Option Shares will be reduced to the extent of any such sale- 5,963,355 fully paid ordinary shares (the Tranche 2 Option Shares), which will comprise 10% of the issued capital of BurgerFuel as at the Completion Date, may be purchased if Franchise Brands issues an Exercise Notice during the period commencing 20 business days before the 4th anniversary of the Completion Date and ending on the Tranche 2 End Date (the Tranche 2 Period).

  • The Tranche 1 Options to be issued under the Tranche 1 Option Offer will be issued utilising the Company’savailable capacity under ASX Listing Rule 7.1 and accordingly the Tranche 1 Option Offer is not conditional on Shareholder approval.

  • The value of each Tranche 1 Option is A$0.1416 per Option, the value of each Tranche 2 Option is A$0.1563 per Option, and the value of each Tranche 3 Option is A$0.1680.

Related to Tranche 1 Option

  • 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.

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

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

  • 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).

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

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • 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).

  • 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.

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

  • Optioned Stock means the Common Stock subject to an Option.

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

  • Company Option means an option to purchase shares of Company Common Stock granted under the Company Incentive Plan.

  • Call Option Date As defined in Section 10.01(a) hereof.

  • Performance Option means an Incentive Stock Option or Nonqualified Stock Option, the grant of which or the exercisability of all or a portion of which is contingent upon the attainment of specified Performance Measures within a specified Performance Period.

  • Approved 102 Option means an Option granted pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of the Optionee.

  • 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.

  • Vested Portion means, at any time, the portion of an Option which has become vested, as described in Section 3 of this Agreement.

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

  • Unapproved 102 Option means an Option granted pursuant to Section 102(c) of the Ordinance and not held in trust by a Trustee.

  • Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.

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

  • Equity Award means any option, restricted stock award, restricted stock unit award, stock appreciation right or other equity award to acquire shares of the Company’s common stock granted or issued to the Executive.

  • Aggregate Option Exercise Price means an amount equal to the aggregate dollar amount of the exercise price on all Company Options outstanding immediately prior to the Effective Time.

  • Vested means the nonforfeitable portion of any account maintained on behalf of a Participant.

  • Vest means to become exercisable or to otherwise obtain ownership rights in an award.