Examples of Unapproved Options in a sentence
All options granted under the New Share Option Scheme on Admission will be exercisable over B Shares at their nominal value of £0.01 and will be capable of exercise, subject to certain exceptions, after two years of the date of grant.2 On 1 August 2013, the Company granted Unapproved Options which have the same rights as the options granted over the B Shares under Gaming Realms 2013 EMI plan, save that the exercise price will be 13 pence per ordinary share.
To date the Company has issued Unapproved Options over 2,936,059 Ordinary Shares at an exercise price of 14p per Ordinary Share.
The Plan provides for the granting of Options (Incentive Share Options, Nonqualified Share Options, Unapproved Options and Approved Options), Restricted Shares and Restricted Share Units to eligible employees.
Options were granted having UK Inland Revenue approval (Approved Options) and without such approval (Unapproved Options).
This limit on individual participation does not apply for Unapproved Options.
The Committee is authorized to grant one or more Approved Options, Unapproved Options, Incentive Share Options or Nonqualified Share Options to any Employee.
Further Unapproved Options over a total of 56,890 Ordinary Shares of the Company have been granted to non-qualifying individuals.
Details of the Unapproved Options are provided at paragraph 8.2 of this Part V.The EMI Options are granted in accordance with Chapter 9 of Part 7 and Schedule 5 to the Income Tax (Earnings and Pensions) Act 2003 and are intended to be qualifying options for the purposes of the Chapter 9 and Schedule 5 of the Income Tax (Earnings and Pensions) Act 2003 and Part 4 Schedule D of the Taxation of Chargeable Gains Act 1992.
On the 1 August 2013, the Company granted Unapproved Options which have the same rights as the options granted over the B Shares under Gaming Realms 2013 EMI plan, save that the exercise price will be 13 pence per Ordinary Share.
On the 17 June 2014, the Company granted Unapproved Options which have the same rights as the options granted over the B Shares under Gaming Realms 2013 EMI plan, save that the exercise price will be 23 pence per ordinary share.