Option Rollover definition

Option Rollover has the meaning given in paragraph 4.1 of Schedule 1;
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Option Rollover has the meaning ascribed to it in Section 3.01(e)(i).
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Option Rollover means a release by a Holder with the consent of the Acquiring Company of his rights under an Option and this Scheme (the "Old Options") in consideration of the grant to him of new options ("New Options") which are equivalent to the Old Options but which relate to shares in the Acquiring Company.
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Examples of Option Rollover in a sentence

  • The Parties agree and acknowledge that the right of an Optionholder to receive the payments contemplated by Section 2.10(d)(iv) with respect to such Person’s Options (other than Rollover Options) is substantially vested within the meaning of Treasury Regulation Section 1.83-6 and shall be treated as such regardless of whether the Optionholder delivers to Company a fully completed and executed Option Rollover Election; Cancellation and Payment Acknowledgement at or prior to the Closing.

  • Executive and the Company also previously entered into an Option Rollover Agreement with the Company dated December 16, 2011.

  • Any Option Rollover Election; Cancellation and Payment Acknowledgement may be revoked or modified by the person submitting such form, only by written notice to Buyer and the Company received prior to the Option Election Deadline.

  • The Company hereby agrees that in the unlikely event the timing of Executive’s termination of employment might result in the expiration of unexercised rollover options pursuant to the terms of the Option Rollover Agreement, then the Company and Executive will endeavor to find a mutually satisfactory resolution so as to prevent the expiration of rollover options.


More Definitions of Option Rollover

Option Rollover means in relation to an Option a release by the Option-holder with the consent of the Acquiring Company of his rights ("old rights") under the Scheme in consideration of the grant to him of rights ("new rights") which are equivalent to the old rights but which relate to shares in:
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Option Rollover means in relation to an Option a release by the Option-holder with the consent of the Acquiring Company of his rights ("old rights") under the Scheme in consideration of the grant to him of rights ("new rights") which are equivalent to the old rights but which relate to shares in: - the Acquiring Company; or - a company which has Control of the Acquiring Company; or - a company which either is, or has Control of, a company which is a member of a consortium owning either the Acquiring Company or a company having Control of the Acquiring Company; and where the term "equivalent" shall be construed in accordance with Rule 7.1.
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Related to Option Rollover

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

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Option Agreement means a written agreement between the Company and an Optionholder evidencing the terms and conditions of an individual Option grant. Each Option Agreement shall be subject to the terms and conditions of the Plan.

  • Notice of Stock Option Grant means the document so entitled to which this Agreement is attached.

  • Option means a stock option granted pursuant to the Plan.

  • Optioned Shares means Shares subject to an Award granted pursuant to this Plan.

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

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

  • Eligible Rollover Distribution means any distribution of all or any portion of the balance to the credit of the Distributee, except that an Eligible Rollover Distribution does not include: (a) any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Distributee, the joint lives (or joint life expectancies) of the Distributee and the Distributee's Beneficiary, or for a specified period of 10 years or more; (b) any distribution to the extent such distribution is required under Section 401(a)(9) of the Code; and (c) the portion of any distribution that is not includable in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to employer securities).

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

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

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Stock Option Agreement means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to the Optionee’s Option.

  • Stock Option Plan means any stock option plan now or hereafter adopted by the Company or by the Corporation, including the Corporate Incentive Award Plan.

  • NQSO means any Option that is not an ISO.

  • Stock Grant Agreement means the agreement between the Company and a Grantee who is awarded Shares under the Plan that contains the terms, conditions and restrictions pertaining to the award of such Shares.

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

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

  • Nonstatutory Option means a stock option not described in Sections 422(b) or 423(b) of the Code.

  • 'Survivor's Option means, where applicable, the right of a holder of a Note to require the Company to repay such Note prior to its Stated Maturity upon the death of the owner of such Note, subject to the provisions hereof relating to such option."

  • 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.

  • ISO means an employee incentive stock option described in Section 422(b) of the Code.

  • Incentive Stock Option means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

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