Norbord Options definition

Norbord Options means the outstanding options to purchase Norbord Shares granted under or otherwise subject to the Norbord Stock Option Plan or the Legacy Ainsworth Option Plan;
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Norbord Options means the outstanding options to purchase Norbord Shares granted under or otherwise subject to certain Norbord stock option plans, which have been exchanged for, or are otherwise characterized as, Replacement Options following completion of the Norbord Acquisition;
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Norbord Options means the outstanding options to purchase Norbord Shares granted under or otherwise subject to the Norbord Stock Option Plan or the Legacy Xxxxxxxxx Option Plan;
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Examples of Norbord Options in a sentence

  • Each Option granted to a Participant will be subject to vesting in accordance with the vesting schedule applicable to the related Norbord Options granted to the Participant as of immediately prior to the Effective Time.

  • The Expiry Date of each Option granted to a Participant will be the original expiry date of the related Norbord Options held by the Participant, subject to extension under Section 4.06 and subject to earlier termination as set forth in this Plan and any Option Agreement.

  • The exact number of West Fraser Shares that will ultimately be issued will be dependent upon the number of issued and outstanding Norbord Shares on the Effective Date, which may change due to the exercise of Norbord Options, rounding in respect of fractional share entitlements, and adjustments to the Exchange Ratio in accordance with the Arrangement Agreement.

  • The participants of the Plan will be those persons who held Norbord Options immediately prior to the Effective Time and whose Norbord Options were exchanged for Options at the Effective Time pursuant to the Plan of Arrangement.

  • As disclosed in this Norbord Circular, if certain current employees of Norbord are terminated in connection with the Arrangement, they will receive compensation in the form of severance payments and payments in respect of the accelerated vesting of the Norbord Options and Norbord RSUs upon Closing.

  • In addition, this summary does not apply to a person holding Norbord Options, Norbord RSUs, Norbord DSUs or other conversion or exchange rights to acquire Norbord Shares or to a Norbord Shareholder who received Norbord Shares upon the exercise of a stock option.

  • This is comprised of (i) an estimated 54,480,178 West Fraser Shares to be issued to Norbord Shareholders and Qualifying Holdco Shareholders as consideration under the Arrangement and (ii) an estimated 893,703 West Fraser Shares issuable upon the exercise of Replacement Options to be issued to Norbord Optionholders in exchange for their Norbord Options pursuant to the Arrangement.

  • The Options were granted to the Participants at the Effective Time pursuant to the Plan of Arrangement in exchange for the Norbord Options held by each Participant immediately prior to the Effective Time, which Options will have the terms and be subject to the conditions set forth in this Plan.


More Definitions of Norbord Options

Norbord Options means the options to purchase Norbord Shares granted to the Participants under the Norbord Plan (but excluding the Norbord UK Subplan Options) each of which were exchanged for Options pursuant to the Plan of Arrangement at the Effective Time, as further described in Section 3.1.
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Related to Norbord Options

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".

  • Company Stock Options means issued and outstanding options to acquire Company Common Stock which were granted under the Company Stock Option Plans.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Options means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.

  • Company Stock Option Plans means the 1996 Equity Incentive Plan, 1998 Stock Option Plan for Non-Employee Directors and 1999 Employee Stock Option Plan.

  • SARS means the South African Revenue Service.

  • Rollover Options has the meaning provided in Subsection 3.1(h).

  • Parent Options means options to purchase shares of Parent Common Stock from Parent (whether granted by Parent pursuant to the Parent Option Plans, assumed by Parent or otherwise).

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Company Stock Option means each option to purchase shares of Company Common Stock outstanding under the Company Stock Plans.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Compensation Options has the meaning ascribed thereto on the face page of this Agreement;

  • Incentive Stock Options means Option Rights that are intended to qualify as “incentive stock options” under Section 422 of the Code or any successor provision.

  • Equity Awards will mean Executive’s outstanding stock options, stock appreciation rights, restricted stock units, performance shares, performance stock units and any other Company equity compensation awards.

  • Company Stock Option Plan means the Company's 1999 Stock Option Plan.

  • Tandem Stock Appreciation Right means the right to surrender to the Company all (or a portion) of a Stock Option in exchange for an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion thereof) is surrendered, of the Common Stock covered by such Stock Option (or such portion thereof), and (ii) the aggregate exercise price of such Stock Option (or such portion thereof).

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Stock Purchase Rights means any warrants, options or other rights to subscribe for, purchase or otherwise acquire any shares of Common Stock or any Convertible Securities.

  • Option Plans has the meaning set forth in Section 2.6 below.

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • 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.

  • Restricted Stock means Shares issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option.

  • Incentive Shares means an award of shares granted pursuant to Section XIII.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.