Tranche A Options definition

Tranche A Options. [•] $ [•]

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Tranche A Options means the options designated as Tranche A Options under the Company’s 2003 Stock Option Plan. ”Tranche B Options” means the options designated as Tranche B Options under the Company’s 2003 Stock Option Plan.

Tranche A Options means those Options designated by the Board as Tranche A Options.

Examples of Tranche A Options in a sentence

Except as provided with respect to Tranche A Options in connection with a termination without Cause within one year following a Change in Control, unvested Options shall be cancelled for no consideration upon a termination for any reason.
Except as provided with respect to Tranche A Options in connection with a termination without Cause or for Good Reason within one year following a Change in Control, unvested Options shall be cancelled for no consideration upon a termination for any reason.
The price (the “Option Price”) at which the Optionee shall be entitled to purchase the Tranche A Options, the Tranche B Options, and the Tranche C Options, respectively, upon exercise, shall be the price per Share set forth on the signature page hereto (subject to adjustment as provided in Section 12 of the Plan).
Twenty-percent (20%) of the Tranche A Options shall become Vested Options and shall become exercisable on each of the first five anniversaries of the Grant Date.
In the event of a Termination of Relationship as a result of the Optionee’s death or Disability, the Tranche A Options and Tranche B Options, in each case, composing the next applicable tranche of such Options which have not theretofore vested pursuant to Sections 4(a) and 4(b) above shall become Vested Options, and the remaining Options which are not Vested Options shall be forfeited.
In the event of a Change in Control, any Tranche A Options that have not become vested at the time of such Change in Control shall be cancelled and converted into an award (a “Converted Award”) representing the right to receive an amount in cash equal to the product of (i) the number of shares of Common Stock then subject to such Tranche A Options multiplied by (ii) the excess, if any, of (A) the price per share of Common Stock paid in such Change in Control over (B) the Option Price.
Twenty-percent (20%) of the Tranche A Options shall become Vested Options on each of the first five anniversaries of the Grant Date.
Twenty-five percent (25%) of the Tranche A Options shall become Vested Options on each of December 31, 2011, December 31, 2012, December 31, 2013 and December 31, 2014.
In the event of a Change in Control, any Tranche A Options that have not become vested at the time of such Change in Control shall automatically become vested upon such Change in Control.
Notwithstanding the terms set forth in the Option Agreement, the Company hereby accelerates the vesting of 5,334 Tranche A Options (the “Accelerated Options”) such that the Accelerated Options will be deemed to vest on the Employment End Date (as defined in the Separation Agreement).

More Definitions of Tranche A Options

Tranche A Options. Tranche A will be comprised of options equal in number to 34.3% of the Option Pool (6% of the 17.5% pro forma ownership). Tranche A Options vest immediately at Closing, with the exception of Tranche A1 Options described below. 50% of the Tranche A Options issued to Jim ▇. ▇▇▇▇▇▇, ▇▇vi▇ ▇. ▇▇▇▇▇ ▇▇▇ John ▇. ▇▇▇▇▇▇ (▇▇e "Tranche A1 Options") will vest ratably on the first day of each month for the 24 months following the first anniversary of the closing date. If a Tranche A1 Optionholder leaves voluntarily or is terminated for cause prior to the third anniversary of the Closing Date, such person's unvested Tranche A1 Options will be forfeited. If such Tranche A1 Optionholder's employment terminates for any other reason, all of such Optionholder's Tranche A1 Options vest immediately.

Tranche A Options. You were granted 200,000 “Tranche A Options” (as defined in the MSA) (i.e., options to purchase Class A common shares of UAI at $6.50/share) pursuant to the Share Option Agreement dated as of September 5, 2003 between yourself and UAI (the “Tranche A Option Agreement”). The Company is in physical possession of these Tranche A Options. Such Tranche A Options shall be treated as follows: (x) effective as of the dates specified below, 106,175 of such Tranche A Options may be exercised by you at any time beginning on the dates set forth below by payment to the Company (as provided in clause (vii) below) of the aggregate exercise price for those Tranche A Options subject to exercise, and (y) effective as of the date hereof, the remaining 93,825 Tranche A Options shall be cancelled upon the execution of this Agreement and the payment to you by the Company or an affiliate of $328,388, subject to applicable taxes and withholding. Class A Shares acquired upon the timely exercise of the Tranche A options referenced in subclause (x) above (the “Exercisable Tranche A Options”) shall no longer be subject to any of the provisions of the MSA, including without limitation the transfer restrictions of Article II and the limited call and put rights of Article IV of the MSA. With respect to the 106,175 Exercisable Tranche A Options, the Tranche A Option Agreement and the MSA shall not apply to (I) 46,000 of such Exercisable Tranche A Options (or shares acquired upon the exercise thereof) on November 7, 2005 and (II) 4,800 Exercisable Tranche A Options (or shares acquired upon the exercise thereof) on each Monday thereafter until December 12, 2005 as the last such Monday; provided that as of January 1, 2006, (i) the Tranche A Option Agreement and MSA shall not apply to any of the Exercisable Tranche A Options (or shares acquired upon the exercise thereof) and (ii) the Tranche A Option Agreement shall be void and without force or effect and therefore, any Tranche A Options (or shares acquired upon the exercise thereof) then owned by you shall be free and clear of any restrictions otherwise imposed by such Agreement or the MSA. All UAI shares that you purchase as a result of your exercise of these Exercisable Tranche A Options upon the release of restrictions on such Exercisable Tranche A Options according to the above schedule, shall be marketable, transferable and free and clear of all restrictions on sale or transfer.