Examples of Premium Options in a sentence
The options granted hereunder are “Nonqualified Stock Options” and are referred to herein as “Options.” One-half of the total number of Options granted hereunder will be Market Options and one-half of the total number of Options granted hereunder will be Premium Options.
Alternative Premium Options: "X" for 10% premium declining over o7 10 years "V" for 5% premium declining over 5 years "P" for par (no premium) ________________________ 7Insert in the box "X" if the Borrower selects a 10% premium declining over 10 years as the premium option for the Fixed Premium Prepayment/Refinancing Privilege that is to apply to this Advance.
Notwithstanding the foregoing, the parties hereto shall enter into stock option agreements in respect of the Time-Vested Option and the Premium Options, setting forth terms and conditions consistent with the provisions of this Agreement and such other terms and conditions approved by the Compensation Committee and consistent with the Company's Executive Stock Incentive Plan.
In the event that a Participant’s Employment with the Company is terminated by the Company without Cause or by the Participant for Good Reason during the two (2)-year period following a Change in Control of the Company (a “Qualifying Termination”), all of the Participant’s outstanding Time Based Options and Premium Options shall immediately vest and become exercisable as of the date of such termination of Employment.
Any Change in Control Option Spread with respect to Time-Based Options or Premium Options that are forfeited shall promptly be returned to the Company and the Participant shall cease to have any rights with respect thereto.
Pursuant to the terms of the Premium Options, at consummation of the Merger, the exercise price of such Premium Option will be reduced to equal the fair market value on the date of grant.
Subject to adjustment as provided in Section 4.13 hereof, the Board may grant to Participants Options to purchase shares of Common Stock of the Company that, in the aggregate, do not exceed, in the aggregate, 5,033,307, of which fifty percent (50%) shall be initially granted as Time Based Options, twenty-five percent (25%) shall be initially granted as Premium Options and twenty-five percent (25%) shall be initially granted as Performance Based Options.
One-half of these stock options will have an exercise price equal to Fair Market Value ("FMV Options") and the other half will have an exercise price equal to 130% of Fair Market Value ("Premium Options").
Except as otherwise provided in this Agreement, the remaining 50% of the Initial Value Options and the remaining 50% of the Premium Options (such remaining Initial Value Options and Premium Options, the "Performance Options") shall become exercisable based on the financial performance of the Company and the Subsidiaries during the period from the Grant Date to the Target Date as follows.
In addition, each Eligible Employee receiving Options will receive additional non-qualified stock options ("Premium Options") equal in number to 15% of the number of Options.