Examples of New Options in a sentence
On and from the date on which the Placement Shares and New Options are issued, EEA will be entitled to nominate two additional directors to the Board of the Company.
The New Options will vest six months after the Effective Date and will be subject to the rules of the LTIP except that no performance conditions, leaver provisions or time pro-rating will apply to the New Options.
An Appendix 3B for the Placement Shares and New Options will be released on the date of this announcement.
From and after the Amendment Time this Amended Plan of Arrangement shall take precedence and priority over any and all New Subordinate Shares, New Multiple Shares, Floating Shares, Company Options, New Options, Floating Options, Company RSUs, New RSUs, Floating RSUs, Company Compensation Options, New Compensation Options and Floating Compensation Options issued or outstanding at or following the Amendment Time.
The New Options will vest over a period of four years beginning upon the Effective Time (25% at the end of one year, and the balance vesting thereafter over the following 36 months in equal installments), and will be subject to the terms and conditions of NetScreen’s stock option plan and standard form of stock option agreement, which Employee will be required to sign as a condition of receiving the option.