Option Right definition

Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

Examples of Option Right in a sentence

  • The Securities grant to the Securityholder the right (the " Option Right") to receive from the Issuer the payment of the Redemption Amount in accordance with the following paragraphs.

  • The Issuer shall determine the date on which the adjusted Option Right shall first apply, taking account of the date of the change.

  • Notice shall be given of the adjusted Option Right and the date on which it first applies in accordance with No. 4 of the General Conditions.

  • No Option Right will be exercisable more than 10 years from the Date of Grant.

  • The Calculation Agent determines, taking into account the time of the change, the date on which the adjusted Option Right is to be applied for the first time.


More Definitions of Option Right

Option Right has the meaning specified in the definition ofChange of Control”.
Option Right means the right to purchase a share of Common Stock upon exercise of an option granted pursuant to Paragraph 4.
Option Right means the right to purchase a share of Common Stock upon exercise of an outstanding Incentive Stock Option or Nonqualified Stock Option.
Option Right means the right to purchase Common Shares from the Corporation upon the exercise of a Nonqualified Option or a Tax-Qualified Option granted pursuant to Section 4, or a Replacement Option Right granted pursuant to Section 17(c), of this Plan.