Tranche 1 Options definition

Tranche 1 Options means the portion of the 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 Options means Options with the terms set out in Schedule 3 under the heading “Tranche 1 Options” and subject to the terms of the Employee Incentive Plan.
Sample 1

Examples of Tranche 1 Options in a sentence

  • Complii Tranche 1 Options and Complii Tranche 2 Options have been valued using a Black-Scholes model using an implied volatility of 102% which is based on volatilities of comparable ASX-listed companies and a risk-free rate of 0.01% (Risk-free rate being the 2-year government bond yield as at 20 September 2021).

  • In addition, the issue of the Tranche 1 Options will be excluded from the calculation of the number of equity securities that the Company can issue without Shareholder approval under Listing Rule 7.1. If Resolution 3 is not passed, the Company will not be able to proceed with the issue of the Tranche 1 Options.

  • Unless earlier terminated, relinquished or expired, the Tranche 1 Options and the Tranche 2 Options shall vest in accordance with the terms of Schedule A applicable thereto.

  • In the event of a termination of the Executive’s employment by the Company without “Cause” (as defined in Section 5.1 below) or based on the “Disability” of the Executive (as defined in Section 5.4 below), due to the Executive’s death or by the Executive for “Good Reason” (as defined in Section 5.2 below) (collectively, a “Qualifying Termination”), any Tranche 1 Options which have not theretofore become Vested Options pursuant to the immediately preceding sentence shall become Vested Options.

  • The full terms of each of the Tranche 1 Options and the Tranche 2 Options are set out in Schedule 3.

  • Notwithstanding any other provision of this Section 2, in the event of a Change of Control, 100% of the Shares subject to any then outstanding and unvested Tranche 1 Options shall become fully vested.

  • A nominated entity of Mr Schaus has been issued 1,010,000 Tranche 1 Options and 1,010,000 Tranche 2 Options in the previous financial year;(c) Mr. Schaus or the Company may terminate Mr Schaus’ employment with three months’ notice.

  • Resolution 3 seeks Shareholder approval for the purposes of Listing Rule 7.1 for the issue of the Tranche 1 Options.

  • The Tranche 1 Options will vest and become exercisable with respect to 25% of the Tranche 1 Options on each of the first, second, third and fourth anniversaries of the Grant Date.

  • The Tranche 1 Options and the Tranche 2 Options will be exercisable at $0.40 each on or before the date that is three years from the date of issue.

Related to Tranche 1 Options

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

  • 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 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.

  • Equity Awards means any stock options, restricted stock, restricted stock units, stock appreciation rights, phantom stock or other equity based awards granted by the Company to the Executive.

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

  • Rollover Options has the meaning provided in Subsection 3.1(h).

  • 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).

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

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

  • Prior Plans means, collectively, the Company’s 2006 Long-Term Incentive Plan, as amended, 2009 Long-Term Incentive Plan, 2012 Long-Term Incentive Plan and 2013 Long-Term Incentive Plan. Awards granted under the Prior Plans continue to be governed under the terms of those Prior Plans.

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".

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

  • Company Equity Awards means the Company Options and the Company RSUs.

  • Options means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.

  • Company Options means options to purchase shares of Company Common Stock.

  • Parent Options means options or other rights to purchase shares of Parent Common Stock issued by Parent.

  • 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.

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

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

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

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

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • CONCURRENT STOCK APPRECIATION RIGHT or "CONCURRENT RIGHT" means a right granted pursuant to subsection 8(b)(2) of the Plan.