As at the date of this Agreement there are: (i) 55,398,051 Zazu Shares validly issued and outstanding as fully-paid and non-assessable shares of Zazu; and (ii) 4,990,000 outstanding Zazu Options providing for the issuance of 4,990,000 Zazu Shares upon the exercise thereof.
Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.
Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".
Options means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.
Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.
3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.
Parent Options means options or other rights to purchase shares of Parent Common Stock issued by Parent.
Rollover Options has the meaning provided in Subsection 3.1(h).
Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.
SARS means the South African Revenue Service.
Company Stock Option Plans has the meaning ascribed to it in Section 2.6(c).
Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).
Option Grant Date means, as to any Stock Option, the latest of:
Option Stock shall have the meaning set forth in Section 2(a) hereof.
Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.
Number of Options For each Component, as provided in Annex A to this Confirmation.6 Option Entitlement: One Share Per Option Strike Price: USD [_____] Cap Price: USD [_____]; provided that in no event shall the Cap Price be reduced to an amount less than the Strike Price in connection with any adjustment by the Calculation Agent under this Confirmation.
Company Stock Option means any option to purchase Company Common Stock granted under any Company Stock Plan.
Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.
Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.
Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.
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.
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.
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.
Optioned Shares means the common shares of the Company, issuable on exercise of the Option; and
Incentive Shares means Shares awarded pursuant to the provisions of Article 12.
Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.
Vested Shares means "Vested Shares" as defined in the Award Agreement.