Unvested Option definition

Unvested Option means an Option, which is not a Vested Option.

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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.

Unvested Option shall refer to the portion of the Option that is not vested at such time.

Examples of Unvested Option in a sentence

Upon cancellation thereof, each Unvested Option that is not an Excluded Option shall be converted, as of the Effective Time, into the opportunity to receive (i) the Unvested Option Payment, plus (ii) any Unvested Option Contingent Amount, in each case, less applicable withholding Taxes and in accordance with the Allocation Certificate and subject to and in accordance with Section 2.04 (including with respect to the withholding of the Escrow Amount the Securityholder Representative Reserve Fund Amount).
No Unvested Option Cash, or right thereto, may be pledged, encumbered, sold, assigned or transferred (including any transfer by operation of law), by any Person, other than Parent, or be taken or reached by any legal or equitable process in satisfaction of any liability of such Person, prior to the distribution to such Person of such Unvested Option Cash in accordance with this Agreement.

More Definitions of Unvested Option

Unvested Option means an Option that is not a Vested Option.

Unvested Option means, at any time, an Option that is not exercisable at such time;

Unvested Option means any Option (or portion thereof) that is not a Vested Option.

Unvested Option means, on any date, that part of an Option that has not vested in accordance with these Rules and the Vesting Schedule.

Unvested Option means an Option in respect of which Vesting Criteria have not been satisfied and as such, the Option Holder has not become eligible to Exercise the Option.

Unvested Option means each Option outstanding and unexercised as of immediately prior to the Effective Time that is unvested and may not be exercised by the holder thereof prior to the Closing Date or on account of the Closing.

Unvested Option means all options to acquire shares of Common Stock which would be unvested or not exercisable as of immediately prior to the Effective Time, after giving effect to any acceleration provisions in respect of such options triggered by the Transactions (prior to any cancellation in accordance with Section 3.1(c)).